Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Orderly−0.107%7-day average −0.062% · you buy dearer than you sell

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

Long on Orderly Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.107%, 7d avg −0.062%

Together, before fees+0.156%+$16 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: HTX is 0.045% cheaper against Orderly than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.774	0.0100	pay 0.0100% / 8h	7h 37m	$233K	$239K	20x
Short	HTX AVAX-USDT	10.762	0.0100	get 0.0100% / 8h	7h 37m	$334K	$873K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Orderly. 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 OrderlybpFee HTXbpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.062%: −$4.51
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.51
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; HTX: live order book, 2 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell HTX live order book, 2 min ago	25.82 bp	54.5 bp −$55	98.9 bp −$989	doesn't fit	doesn't fit

Orderly: 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
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.769	−0.050%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0235%	1h	10.774	0.000%	$280K	$326K	10x	as long as short
Variational Omni AVAX	−0.0080%	8h	10.771	−0.030%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0070%	1h	10.765	−0.084%	$18K	$68K	10x	as long as short
Phemex AVAXUSDT	−0.0067%	8h	10.768	−0.056%	$28.7M	$5.7M	50x	as long as short
Gate AVAX_USDT	−0.0018%	8h	10.770	−0.037%	$13.8M	$28.8M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.779	+0.047%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.770	−0.037%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.773	−0.006%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.130%	$17K	$151K	12x	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	+0.0089%	8h	10.771	−0.024%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.768	−0.056%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.771	−0.028%	$23K	$468K	50x	as long as short
GRVT AVAX_USDT_Perp	+0.0098%	8h	10.781	+0.065%	$337K	$1.2M	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.780	+0.056%	$35.9M	$40.2M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.775	+0.013%	$2.4M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.782	+0.076%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.766	−0.074%	$113.5M	$398.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.774	0.000%	$84.2M	$138.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.774	0.000%	$18.9M	$106.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.767	−0.065%	$53.4M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.770	−0.037%	$13.9M	$21.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.767	−0.065%	$32.9M	$45.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.766	−0.074%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.771	−0.028%	$438K	$535K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.788	+0.130%	$174K	$659K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.778	+0.037%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.774	long leg	$233K	$239K	20x
SunX AVAX-USDT	+0.0100%	8h	10.801	+0.254%	$12K	$774K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.762	−0.107%	$334K	$873K	75x
Extended AVAX-USD	+0.0104%	1h	10.762	−0.115%	$612K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.762	−0.108%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.793	+0.176%	$856K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.765	−0.084%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.768	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.772	−0.017%	$227K	—	120x	as long as short