Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.015%

Price spread now: Extended against HTX+0.086%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1121.124% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.086%, 7d avg −0.042%

Together, before fees−0.186%+ Points / potential airdropExtended: Active · farm board−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.128% dearer against HTX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.578	0.0100	pay 0.0100% / 8h	2h 30m	$344K	$804K	75x
Short	Extended AVAX-USD	10.587	0.0104	get 0.0013% / 1h	30m 11s	$638K	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee ExtendedbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0.84
Price spread: +0.086% → −0.042%: $12.82
Slippage, 4 orders: −$95.38
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$98.72
Costs to cover: 1.124%
Break-even: 829.7 days

Slippage from HTX: live order book, 24 min ago; Extended: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy HTX live order book, 24 min ago	24.18 bp	55.3 bp −$55	162.5 bp −$1,625	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.47 bp	3.9 bp −$4	6.4 bp −$64	doesn't fit	doesn't fit

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	−0.1423%	1h	10.760	+1.725%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.596	+0.175%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0046%	1h	10.584	+0.061%	$289K	$338K	10x	as long as short
Variational Omni AVAX	−0.0006%	8h	10.571	−0.063%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.584	+0.066%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.592	+0.137%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.591	+0.131%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0026%	8h	10.591	+0.128%	$12.1M	$32.6M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0076%	1h	10.588	+0.099%	$132K	$355K	10x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.588	+0.099%	$78.3M	$144.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.588	+0.095%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.593	+0.147%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.580	+0.024%	$19K	$443K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.599	+0.203%	$37.8M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.587	+0.085%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.583	+0.050%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.594	+0.156%	$112.5M	$430.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.591	+0.128%	$18.6M	$111.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.593	+0.147%	$42.5M	$79.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.588	+0.099%	$13.2M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.589	+0.109%	$31.9M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.589	+0.109%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.581	+0.033%	$368K	$537K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.607	+0.278%	$336K	$958K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.612	+0.326%	$171K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.596	+0.175%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.620	+0.407%	$12K	$756K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.591	+0.128%	$18K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.578	long leg	$344K	$804K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.587	+0.090%	$28.2M	$5.8M	50x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	10.587	+0.086%	$638K	$1.4M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.592	+0.142%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.587	+0.090%	$830K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.586	+0.080%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.590	+0.117%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0278%	1h	10.593	+0.151%	$229K	—	120x	as long as short