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 +0.010%

Price spread now: HTX against BingX−0.038%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.038%, 7d avg +0.006%

Together, before fees−0.037%−$4 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 0.043% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDT	10.603	0.0100	pay 0.0100% / 8h	2h 49m	—	$55.0M	—
Short	HTX AVAX-USDT	10.599	0.0100	get 0.0100% / 8h	2h 49m	$351K	$787K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BingX. 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 BingXbpFee HTXbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.006%: −$4.33
Slippage, 4 orders: −$90.89
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$117.22
Costs to cover: 1.129%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; HTX: live order book, 4 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 BingX live order book, 10 min ago	0.47 bp	5.5 bp −$5	5.5 bp −$55	9.7 bp −$972	23.2 bp −$11.6K
Sell HTX live order book, 4 min ago	24.18 bp	46.7 bp −$47	143.9 bp −$1,439	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	−0.1423%	1h	10.760	+1.481%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.593	−0.097%	$4.2M	$11.3M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0127%	1h	10.601	−0.019%	$4.8M	$7.6M	25x	as long as short
ApeX Omni AVAXUSDT	−0.0063%	1h	10.619	+0.151%	$171K	$666K	50x	as long as short
Polymarket Perps AVAX-USD	−0.0022%	1h	10.596	−0.066%	$130K	$345K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.599	−0.038%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.614	+0.107%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0017%	8h	10.601	−0.019%	$12.0M	$31.7M	75x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	+0.129%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0058%	1h	10.592	−0.104%	$369K	$534K	15x	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	+0.0096%	8h	10.606	+0.028%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.598	−0.042%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.595	−0.075%	$10K	$447K	50x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.588	−0.141%	$18K	$72K	10x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.595	−0.071%	$289K	$326K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.600	−0.028%	$38.2M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.589	−0.130%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.604	+0.009%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.594	−0.086%	$111.0M	$424.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.585	−0.170%	$78.5M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.590	−0.123%	$18.6M	$110.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.600	−0.028%	$40.7M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.599	−0.038%	$13.3M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.592	−0.104%	$31.3M	$48.8M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	10.603	long leg	—	$55.0M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.618	+0.142%	$335K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.612	+0.085%	$186K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.653	+0.471%	$12K	$738K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.599	−0.038%	$351K	$787K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.595	−0.075%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.594	−0.089%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.600	−0.031%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.589	−0.132%	$860K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.629	+0.245%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.593	−0.098%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.614	+0.104%	$232K	—	120x	as long as short