Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: HTX against MEXC−0.004%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$800.804% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now −0.004%, 7d avg −0.019%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.158	0.0100	pay 0.0100% / 8h	7h 21m	$48.9M	$88.8M	200x
Short	HTX AVAX-USDT	11.158	0.0100	get 0.0100% / 8h	7h 21m	$361K	$946K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → −0.019%: $1.49
Slippage, 4 orders: −$68.37
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$78.88
Costs to cover: 0.804%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; HTX: live order book, 37 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 MEXC live order book, 3 min ago	0.45 bp	1.6 bp −$2	4.2 bp −$42	29.8 bp −$2,981	95.8 bp −$47.9K
Sell HTX live order book, 37 min ago	27.31 bp	33.4 bp −$33	82.1 bp −$821	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	−0.1363%	1h	11.090	−0.609%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0198%	1h	11.155	−0.027%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0048%	1h	11.160	+0.022%	$293K	$780K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.164	+0.052%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.158	0.000%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.163	+0.046%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.159	+0.009%	$16K	$614K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.161	+0.025%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.160	+0.020%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.165	+0.064%	$296K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.158	0.000%	$118.9M	$480.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.159	+0.009%	$88.8M	$148.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.157	−0.009%	$20.0M	$131.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.161	+0.027%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.158	long leg	$48.9M	$88.8M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.165	+0.063%	$15.3M	$23.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.159	+0.009%	$33.9M	$53.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.161	+0.027%	—	$84.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	+0.036%	$357K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.181	+0.203%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.172	+0.122%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.155	−0.027%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.162	+0.036%	$131K	$373K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.165	+0.063%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.188	+0.269%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.158	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.158	−0.004%	$361K	$946K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.159	+0.009%	$29.9M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.156	−0.014%	$671K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.153	−0.041%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.162	+0.038%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.161	+0.027%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.158	+0.003%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.172	+0.125%	$923K	$6.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.158	−0.004%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0693%	1h	11.179	+0.188%	$43.6M	$49.5M	10x	as long as short