Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1551%/8h= +169.8% APRpaid last 24h +0.164%

Price spread now: HTX against Injective+0.380%7-day average +0.220% · you sell dearer than you buy

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1751.755% of the position

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.380%+$38 on $10k

Price spread, last 3 days (all we have)−1.374%−$137 · spread now +0.380%, 7d avg +0.220%

Together, before fees−0.994%−$99 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and HTX is 0.160% dearer against Injective than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.220%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.380% in total (about 19.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	11.190	−0.1451	get 0.0181% / 1h	39m 02s	$17K	$151K	12x
Short	HTX AVAX-USDT	11.232	0.0100	get 0.0100% / 8h	39m 02s	$363K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +0.380%Rate

Funding earned: $325.63
Price spread: +0.380% → +0.220%: $15.95
Slippage, 4 orders: −$163.44
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: $166.12
Costs to cover: 1.755%
Break-even: 3.4 days

Slippage from Injective: live order book, 40 min ago; HTX: live order book, 5 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 Injective live order book, 40 min ago	40.02 bp	57.7 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	21.62 bp	46.3 bp −$46	91.1 bp −$911	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 PERPlong	−0.1451%	1h	11.190	long leg	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.230	+0.357%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0087%	1h	11.232	+0.380%	$296K	$884K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.233	+0.381%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.234	+0.393%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0065%	8h	11.239	+0.439%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.235	+0.399%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.231	+0.366%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.229	+0.345%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.236	+0.413%	$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	11.237	+0.422%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.234	+0.395%	$120.2M	$516.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.234	+0.393%	$89.3M	$155.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.235	+0.402%	$20.2M	$144.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.233	+0.384%	$12.5M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.233	+0.384%	$52.1M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.238	+0.429%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.234	+0.393%	$34.2M	$58.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.232	+0.375%	—	$87.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.236	+0.411%	$359K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	+0.466%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.242	+0.465%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.236	+0.411%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.241	+0.456%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.265	+0.668%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.233	+0.384%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.232	+0.380%	$363K	$1.0M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.234	+0.393%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.230	+0.358%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.235	+0.404%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.234	+0.393%	$5.0M	$7.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.232	+0.373%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.239	+0.440%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.254	+0.572%	$917K	$7.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0421% / S −0.0275%	1h	11.234	+0.397%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0825%	1h	11.254	+0.572%	$43.7M	$55.0M	10x	as long as short