Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0185%/8h= +20.2% APRpaid last 24h +0.038%

Price spread now: GMX against HTX+0.029%7-day average +0.072% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.161%+$16 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.029%, 7d avg +0.072%

Together, before fees+0.195%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.043% cheaper against HTX than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.072%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.927	0.0100	pay 0.0100% / 8h	3h 23m	$363K	$779K	75x
Short	GMX AVAX/USD [AVAX-USDC]	10.930	L +0.0436% / S −0.0285%	get 0.0036% / 1h	23m 01s	$235K	—	120x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $38.76
Price spread: +0.029% → +0.072%: −$4.29
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $10.47
Costs to cover: 0.240%
Break-even: 5.1 days

Slippage unknown: HTX: live order book, 36 min ago; GMX: no order-book sample. Net counts fees only.

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, 36 min ago	37.05 bp	46.8 bp −$47	132.4 bp −$1,324	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1421%	1h	10.890	−0.334%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0024%	1h	10.926	−0.005%	$5.0M	$7.7M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.926	−0.001%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.929	+0.024%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.927	+0.007%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0031%	1h	10.925	−0.014%	$284K	$317K	10x	as long as short
Gate AVAX_USDT	+0.0094%	8h	10.923	−0.032%	$12.2M	$32.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.926	−0.001%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.927	+0.005%	$15K	$452K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.925	−0.011%	$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
Aster AVAXUSDT	+0.0100%	8h	10.929	+0.026%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.931	+0.041%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.916	−0.095%	$114.8M	$424.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.920	−0.059%	$83.0M	$140.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.922	−0.041%	$19.9M	$111.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.927	+0.005%	$45.4M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.928	+0.014%	$15.1M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.923	−0.032%	$33.0M	$47.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.923	−0.032%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.926	−0.005%	$371K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.927	+0.009%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.931	+0.041%	$352K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.943	+0.151%	$176K	$666K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.927	+0.005%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.931	+0.041%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.957	+0.276%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.925	−0.014%	$18K	$71K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.927	long leg	$363K	$779K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.927	+0.005%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.920	−0.055%	$675K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.921	−0.055%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.925	−0.014%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.943	+0.151%	$890K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.924	−0.027%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0283%	1h	10.937	+0.096%	$42.0M	$40.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]short	L +0.0436% / S −0.0285%	1h	10.930	+0.029%	$235K	—	120x