Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.038%

Price spread now: GMX against HTX+0.099%7-day average +0.074% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 3 days (all we have)−0.036%−$4 · spread now +0.099%, 7d avg +0.074%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.024% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.213	0.0100	pay 0.0100% / 8h	1h 05m	$362K	$1.1M	75x
Short	GMX AVAX/USD [AVAX-USDC]	11.225	L +0.0412% / S −0.0261%	get 0.0033% / 1h	5m 07s	$237K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

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 GMXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $33.73
Price spread: +0.099% → +0.074%: $2.44
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.17
Costs to cover: 0.240%
Break-even: 4.5 days

Slippage unknown: HTX: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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, 4 min ago	19.34 bp	30.5 bp −$30	111.7 bp −$1,117	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0570%	1h	11.170	−0.388%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.226	+0.111%	$5.3M	$9.1M	25x	as long as short
Nado AVAX-PERP	−0.0044%	1h	11.216	+0.027%	$296K	$892K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.214	+0.008%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.224	+0.093%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0027%	8h	11.231	+0.156%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.230	+0.145%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.217	+0.031%	$17K	$686K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.212	−0.009%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.229	+0.138%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.216	+0.020%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.226	+0.111%	$120.1M	$524.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.225	+0.103%	$89.2M	$157.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.226	+0.111%	$20.2M	$145.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.224	+0.094%	$12.4M	$40.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.227	+0.120%	$51.2M	$100.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.228	+0.129%	$15.9M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.228	+0.129%	$34.2M	$60.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.224	+0.094%	—	$88.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.231	+0.156%	$359K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	+0.250%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.218%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.224	+0.094%	$133K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.234	+0.183%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.254	+0.358%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.227	+0.120%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.213	long leg	$362K	$1.1M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.228	+0.129%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.224	+0.097%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.279	+0.583%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.238	+0.218%	$910K	$8.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.227	+0.120%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.220	+0.054%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0412% / S −0.0261%	1h	11.225	+0.099%	$237K	—	120x
Hyperliquid AVAX	+0.0583%	1h	11.243	+0.263%	$43.5M	$56.6M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.236	+0.199%	$4.6M	$13.5M	50x	as long as short