Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.025%

Price spread now: HTX against Coinbase International−0.163%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1281.282% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.163%, 7d avg −0.080%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.083% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.750	0.0216	pay 0.0027% / 1h	4m 38s	$935K	$5.2M	50x
Short	HTX AVAX-USDT	10.732	0.0100	get 0.0100% / 8h	2h 04m	$345K	$879K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.163%Rate

Funding earned: −$24.36
Price spread: −0.163% → −0.080%: −$8.26
Slippage, 4 orders: −$106.22
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$160.84
Costs to cover: 1.282%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; HTX: live order book, 49 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 Coinbase International live order book, 4 min ago	5.59 bp	14.2 bp −$14	21.6 bp −$216	doesn't fit	doesn't fit
Sell HTX live order book, 49 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	+0.093%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.737	−0.121%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0099%	1h	10.739	−0.102%	$285K	$338K	10x	as long as short
Variational Omni AVAX	−0.0030%	8h	10.729	−0.199%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.740	−0.094%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.734	−0.149%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.735	−0.139%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0042%	8h	10.735	−0.140%	$12.6M	$33.1M	75x	as long as short
Bybit AVAXUSDT	+0.0083%	8h	10.737	−0.121%	$82.5M	$149.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.738	−0.108%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.736	−0.130%	$18K	$431K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.739	−0.101%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.749	−0.009%	$37.7M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.736	−0.135%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.739	−0.102%	$269K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.735	−0.140%	$114.5M	$433.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.735	−0.140%	$18.8M	$114.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.739	−0.102%	$45.7M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.735	−0.140%	$13.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.736	−0.130%	$32.5M	$49.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.736	−0.130%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.738	−0.112%	$429K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.721	−0.271%	$335K	$999K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.723	−0.251%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.740	−0.093%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.738	−0.112%	$231K	$340K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.764	+0.130%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.733	−0.158%	$18K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.732	−0.163%	$345K	$879K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.737	−0.121%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.732	−0.168%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.730	−0.186%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0216%	1h	10.750	long leg	$935K	$5.2M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.735	−0.140%	$4.6M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	−0.137%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.738	−0.110%	$227K	—	120x	as long as short