Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Aevo against HTX−0.044%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,031as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,035as in the Price arb table

costs, in and out, $10k−$1,03010.304% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.044%, 7d avg −0.002%

Together, before fees+0.009%+$1 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: Aevo is 0.042% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.609	0.0100	pay 0.0100% / 8h	2h 33m	$343K	$799K	75x
Short	Aevo AVAX-PERP	10.604	0.0104	get 0.0013% / 1h	33m 06s	$244K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.044%Rate

Funding earned: $0.84
Price spread: −0.044% → −0.002%: −$4.24
Slippage, 4 orders: −$1,002.41
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$1,033.81
Costs to cover: 10.304%
Break-even: 8622.0 days

Slippage from HTX: live order book, 21 min ago; Aevo: live order book, 16 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 HTX live order book, 21 min ago	24.18 bp	55.3 bp −$55	162.5 bp −$1,625	doesn't fit	doesn't fit
Sell Aevo live order book, 16 min ago	223.38 bp	463.4 bp −$463	doesn't fit	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	+1.426%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.612	+0.028%	$4.2M	$11.5M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0127%	1h	10.609	+0.003%	$4.7M	$7.5M	25x	as long as short
Nado AVAX-PERP	−0.0032%	1h	10.604	−0.049%	$290K	$338K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.612	+0.030%	$93K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.612	+0.034%	$12K	—	150x	as long as short
Variational Omni AVAX	+0.0008%	8h	10.633	+0.228%	$2.8M	$2.1M	—	as long as short
Gate AVAX_USDT	+0.0031%	8h	10.607	−0.016%	$12.1M	$32.5M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0075%	1h	10.607	−0.016%	$132K	$355K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.610	+0.016%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.609	+0.003%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.605	−0.035%	$18K	$448K	50x	as long as short
Bybit AVAXUSDT	+0.0097%	8h	10.598	−0.101%	$78.6M	$144.5M	75x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.615	+0.059%	$37.9M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.605	−0.031%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.613	+0.037%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.607	−0.019%	$112.7M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.608	−0.007%	$18.6M	$112.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.612	+0.031%	$42.3M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.605	−0.035%	$13.3M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.609	+0.003%	$31.9M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.609	+0.003%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.609	+0.003%	$369K	$537K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.624	+0.146%	$336K	$957K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.654	+0.427%	$172K	$663K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.613	+0.041%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.638	+0.279%	$11K	$756K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.609	+0.003%	$18K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.609	long leg	$343K	$799K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.612	+0.031%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.604	−0.048%	$641K	$1.4M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	10.604	−0.044%	$244K	—	3x
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.610	+0.012%	$836K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.604	−0.044%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.604	−0.045%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0278%	1h	10.613	+0.037%	$230K	—	120x	as long as short