Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.011%

Price spread now: Extended against HTX−0.256%7-day average −0.042% · 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−$118as in the Price arb table

costs, in and out, $10k−$960.965% of the position

Long on HTX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.584%+$58 · spread now −0.256%, 7d avg −0.042%

Together, before fees+0.468%+ Points / potential airdropExtended: Active · farm board+$47 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: Extended is 0.215% cheaper against HTX than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.905	0.0100	pay 0.0100% / 8h	6h 58m	$337K	$930K	75x
Short	Extended AVAX-USD	10.877	0.0104	get 0.0013% / 1h	58m 06s	$621K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.256%Rate

Funding earned: $0.84
Price spread: −0.256% → −0.042%: −$21.49
Slippage, 4 orders: −$79.49
Fee HTX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$117.14
Costs to cover: 0.965%
Break-even: 983.2 days

Slippage from HTX: live order book, 41 min ago; Extended: live order book, 5 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, 41 min ago	25.82 bp	31.9 bp −$32	72.6 bp −$726	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	0.46 bp	5.6 bp −$6	8.5 bp −$85	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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.886	−0.166%	$3.8M	$11.5M	50x	as long as short
Variational Omni AVAX	−0.0094%	8h	10.874	−0.275%	$3.0M	$2.1M	—	as long as short
Phemex AVAXUSDT	−0.0088%	8h	10.881	−0.216%	$29.0M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0027%	1h	10.884	−0.188%	$274K	$310K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.888	−0.156%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.888	−0.151%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.897	−0.070%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.881	−0.216%	$14.2M	$28.0M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.325%	$17K	$151K	12x	as long as short
SoDEX AVAX-USD	+0.0086%	1h	10.880	−0.225%	$19K	$68K	10x	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	+0.0092%	8h	10.881	−0.211%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.887	−0.160%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.888	−0.151%	$19K	$474K	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.881	−0.220%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.891	−0.120%	$274K	$126K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.879	−0.231%	$114.6M	$387.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.877	−0.252%	$84.8M	$135.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.882	−0.206%	$19.3M	$106.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.883	−0.197%	$55.3M	$72.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.884	−0.188%	$14.1M	$19.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.880	−0.225%	$33.1M	$44.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.881	−0.216%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.887	−0.160%	$440K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	−0.142%	$341K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.897	−0.069%	$175K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.893	−0.105%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.894	−0.096%	$236K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.917	+0.116%	$12K	$777K	20x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.905	long leg	$337K	$930K	75x
Extended AVAX-USDshort	+0.0104%	1h	10.877	−0.256%	$621K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.884	−0.185%	$250K	—	3x	as long as short
Hyperliquid AVAX	+0.0131%	1h	10.896	−0.078%	$36.1M	$39.8M	10x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.885	−0.179%	$857K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.873	−0.289%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.871	−0.307%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.892	−0.114%	$230K	—	120x	as long as short