Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.151%

Price spread now: HTX against Deribit+0.022%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$930.932% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.660%+$66 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now +0.022%, 7d avg +0.004%

Together, before fees+0.704%+$70 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.143	−0.0109	get 0.0014% / 1h	3m 50s	$5.2M	$7.9M	25x
Short	HTX AVAX-USDT	11.146	0.0100	get 0.0100% / 8h	5h 03m	$365K	$865K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $43.86
Price spread: +0.022% → +0.004%: $1.86
Slippage, 4 orders: −$74.2
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$47.49
Costs to cover: 0.932%
Break-even: 14.6 days

Slippage from Deribit: live order book, 5 min ago; HTX: live order book, 65 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 Deribit live order book, 5 min ago	1.35 bp	6.2 bp −$6	24.1 bp −$241	doesn't fit	doesn't fit
Sell HTX live order book, 65 min ago	34.99 bp	41.1 bp −$41	87.0 bp −$870	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	−0.1374%	1h	11.120	−0.206%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0109%	1h	11.143	long leg	$5.2M	$7.9M	25x
Nado AVAX-PERP	−0.0063%	1h	11.142	−0.009%	$287K	$395K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.153	+0.092%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.145	+0.021%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.150	+0.067%	$4.3M	$11.4M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.136	−0.066%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.143	0.000%	$16K	$561K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.147	+0.034%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.151	+0.075%	$2.3M	$1.2M	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	11.157	+0.128%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.136	−0.061%	$119.0M	$430.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.139	−0.036%	$88.3M	$137.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.137	−0.054%	$20.4M	$116.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.147	+0.036%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.145	+0.018%	$48.8M	$79.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.152	+0.081%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.132	−0.099%	$33.5M	$48.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.143	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.149	+0.054%	$330K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.140	−0.024%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	+0.054%	$354K	$822K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.148	+0.045%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.147	+0.036%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.152	+0.081%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.179	+0.325%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.146	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.146	+0.022%	$365K	$865K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.151	+0.072%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.144	+0.006%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.145	+0.018%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.143	0.000%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.166	+0.206%	$895K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.140	−0.031%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.145	+0.015%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0607%	1h	11.150	+0.063%	$43.5M	$42.4M	10x	as long as short