Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h −0.014%

Price spread now: Kraken Futures against HTX+0.090%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.090%, 7d avg +0.067%

Together, before fees−0.200%−$20 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 Kraken Futures is 0.023% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.067%. Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.094	0.0100	pay 0.0100% / 8h	6h 17m	$360K	$854K	75x
Short	Kraken Futures PF_AVAXUSD	11.104	0.0255	get 0.0032% / 1h	17m 05s	$4.3M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.090%Rate

Funding earned: $32.54
Price spread: +0.090% → +0.067%: $2.33
Slippage, 4 orders: −$75.8
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$62.93
Costs to cover: 0.978%
Break-even: 20.5 days

Slippage from HTX: live order book, 57 min ago; Kraken Futures: live order book, 2 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, 57 min ago	11.76 bp	39.5 bp −$40	110.6 bp −$1,106	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	1.80 bp	12.2 bp −$12	19.0 bp −$190	56.6 bp −$5,658	doesn't fit

AVAX on 35 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	11.040	−0.489%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.100	+0.051%	$5.2M	$8.2M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.101	+0.056%	$286K	$500K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.106	+0.104%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.102	+0.069%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0056%	8h	11.101	+0.060%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.101	+0.064%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.101	+0.060%	$15K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.105	+0.098%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.105	+0.095%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.110	+0.146%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.099	+0.041%	$118.4M	$455.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.102	+0.069%	$88.4M	$142.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.102	+0.069%	$20.0M	$122.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.101	+0.060%	$48.6M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.106	+0.105%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.098	+0.033%	$33.3M	$50.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.100	+0.051%	—	$83.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.103	+0.078%	$355K	$532K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	+0.010%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.097	+0.022%	$354K	$798K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.100	+0.051%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.104	+0.087%	$130K	$363K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.107	+0.114%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.132	+0.337%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.102	+0.069%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.094	long leg	$360K	$854K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.102	+0.069%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.098	+0.034%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.102	+0.071%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.097	+0.020%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0255%	1h	11.104	+0.090%	$4.3M	$11.8M	50x
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.126	+0.286%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0392%	1h	11.117	+0.205%	$43.2M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.102	+0.066%	$235K	—	120x	as long as short