Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against HTX+0.022%76s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1671.674% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.430%+$43 · spread now +0.022%, 7d avg +0.047%

Together, before fees+0.427%+$43 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: ApeX Omni is 0.024% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.047%. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.146	0.0100	pay 0.0100% / 8h	5h 04m	$365K	$865K	75x
Short	ApeX Omni AVAXUSDT	11.148	0.0100	get 0.0013% / 1h	4m 23s	$179K	$674K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.022%Rate

Funding earned: $0
Price spread: +0.022% → +0.047%: −$2.43
Slippage, 4 orders: −$145.35
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$169.78
Costs to cover: 1.674%
Break-even: never at this rate

Slippage from HTX: live order book, 64 min ago; ApeX Omni: live order book, 59 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, 64 min ago	34.99 bp	41.1 bp −$41	110.2 bp −$1,102	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 59 min ago	14.79 bp	52.9 bp −$53	104.0 bp −$1,040	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	−0.229%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.143	−0.022%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0063%	1h	11.142	−0.031%	$287K	$395K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.153	+0.070%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.145	−0.002%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.150	+0.045%	$4.3M	$11.4M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.153	+0.065%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.143	−0.022%	$16K	$561K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.147	+0.012%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.149	+0.028%	$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	+0.106%	$291K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.146	+0.004%	$119.1M	$430.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.144	−0.013%	$88.4M	$137.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.147	+0.013%	$20.4M	$116.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.146	+0.004%	$12.2M	$35.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.143	−0.022%	$48.8M	$79.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.147	+0.013%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.143	−0.022%	$33.5M	$48.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.143	−0.022%	—	$81.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.154	+0.076%	$330K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.140	−0.046%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	+0.031%	$354K	$822K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.148	+0.022%	$179K	$674K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.147	+0.013%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.152	+0.058%	$196K	$312K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.179	+0.302%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.146	+0.004%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.146	long leg	$365K	$865K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.151	+0.049%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.142	−0.030%	$684K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.145	−0.004%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.143	−0.022%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.166	+0.184%	$895K	$5.4M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.140	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.145	−0.007%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0607%	1h	11.159	+0.121%	$43.5M	$42.4M	10x	as long as short