Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h −0.017%

Price spread now: Kraken Futures against HTX+0.007%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$980.984% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.120%−$12 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now +0.007%, 7d avg +0.067%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.060% cheaper against HTX than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.067%). If the spread goes back, that is −$6 on $10k: about 42 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.192	0.0100	pay 0.0100% / 8h	7h 04m	$364K	$942K	75x
Short	Kraken Futures PF_AVAXUSD	11.193	0.0215	get 0.0027% / 1h	4m 22s	$4.3M	$12.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.007%Rate

Funding earned: $24.13
Price spread: +0.007% → +0.067%: −$6
Slippage, 4 orders: −$76.39
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$80.25
Costs to cover: 0.984%
Break-even: 30.3 days

Slippage from HTX: live order book, 9 min ago; Kraken Futures: 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, 9 min ago	11.76 bp	39.5 bp −$40	110.6 bp −$1,106	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.68 bp	9.6 bp −$10	17.5 bp −$175	54.5 bp −$5,446	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	−0.1363%	1h	11.150	−0.373%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0071%	1h	11.186	−0.052%	$293K	$680K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.190	−0.016%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.197	+0.050%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.191	−0.007%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.192	+0.004%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.187	−0.043%	$15K	$605K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.196	+0.041%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.187	−0.041%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.194	+0.023%	$297K	$107K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.190	−0.016%	$119.6M	$474.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.192	+0.002%	$89.0M	$146.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.188	−0.034%	$20.0M	$130.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.186	−0.052%	$12.2M	$38.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.183	−0.079%	$50.8M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.190	−0.016%	$15.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.185	−0.061%	$34.0M	$53.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.191	−0.007%	—	$84.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.190	−0.016%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.188	−0.030%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.209	+0.154%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.211	+0.172%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.189	−0.025%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.194	+0.020%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.220	+0.252%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.193	+0.011%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.192	long leg	$364K	$942K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.192	+0.002%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.183	−0.080%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.188	−0.036%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0215%	1h	11.193	+0.007%	$4.3M	$12.5M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.191	−0.007%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.182	−0.091%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.199	+0.064%	$910K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.191	−0.007%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0663%	1h	11.203	+0.100%	$43.8M	$48.9M	10x	as long as short