Settings8H · net · $10k
Funding arb · Price arb /

AVAX

all AVAX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%
Price spread now: Lighter against HTX−0.069%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1141.135% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.171%−$17 on $10k
Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.069%, 7d avg −0.005%
Together, before fees−0.061%+ Points / potential airdropLighter: Season 3 · farm board−$6 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: Lighter is 0.064% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.005%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX AVAX-USDT10.5830.0100pay 0.0100% / 8h2h 30m$343K$803K75x
ShortLighter AVAX10.5760.0096get 0.0012% / 1h30m 22s$1.2M$2.6M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
−$0.84
Price spread: −0.069% → −0.005%
−$6.43
Slippage, 4 orders
−$101.52
Fee HTX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
−$120.79
Costs to cover
1.135%
Break-even
never at this rate
Slippage from HTX: live order book, 23 min ago; Lighter: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 23 min ago24.18 bp55.3 bp −$55162.5 bp −$1,625doesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago3.81 bp4.7 bp −$518.4 bp −$18494.9 bp −$9,492doesn't fit

AVAX on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective AVAX/USDC PERP−0.1423%1h10.760+1.672%$17K$152K12xas long as short
Kraken Futures PF_AVAXUSD−0.0282%1h10.584+0.007%$4.2M$11.5M50xas long as short
Nado AVAX-PERP−0.0046%1h10.584+0.009%$289K$338K10xas long as short
Deribit AVAX_USDC-PERPETUAL−0.0033%1h10.582−0.010%$4.7M$7.5M25xas long as short
Variational Omni AVAX−0.0006%8h10.571−0.116%$2.8M$2.1Mas long as short
dYdX AVAX-USD0.0000%1h10.584+0.013%$88K$117K10xas long as short
gTrade (Gains Network) AVAX/USDL +0.0002% / S −0.0003%1h10.591+0.078%$12K150xas long as short
Gate AVAX_USDT+0.0026%8h10.591+0.075%$12.1M$32.6M75xas long as short
Polymarket Perps AVAX-USD+0.0076%1h10.588+0.046%$132K$355K10xas long as short
Bybit AVAXUSDT+0.0088%8h10.584+0.009%$78.3M$144.8M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex AVAX-USD-PERP+0.0096%8h10.588+0.042%$12K$21220xas long as short
Lighter AVAXshort+0.0096%1h10.576−0.069%$1.2M$2.6M10x
Popdex AVAXUSDT+0.0096%1h10.580−0.029%$19K$443K50xas long as short
Hyperliquid AVAX+0.0100%1h10.599+0.150%$37.8M$43.6M10xas long as short
Aster AVAXUSDT+0.0100%8h10.587+0.039%$2.1M$1.1M75xas long as short
Pacifica AVAX+0.0100%1h10.583−0.003%$266K$130K10xas long as short
Binance AVAXUSDT+0.0100%8h10.592+0.084%$112.5M$430.6M75xas long as short
OKX AVAX-USDT-SWAP+0.0100%8h10.588+0.046%$18.6M$111.8M50xas long as short
MEXC AVAX_USDT+0.0100%8h10.593+0.094%$42.5M$79.7M200xas long as short
KuCoin AVAXUSDTM+0.0100%8h10.588+0.046%$13.2M$22.8M75xas long as short
Bitget AVAXUSDT+0.0100%8h10.587+0.037%$31.9M$49.4M75xas long as short
BingX AVAX-USDC+0.0100%8h10.589+0.056%$6.5Mas long as short
Backpack AVAX_USDC_PERP+0.0100%1h10.581−0.020%$368K$537K15xas long as short
GRVT AVAX_USDT_Perp+0.0100%8h10.607+0.225%$336K$958K10xas long as short
ApeX Omni AVAXUSDT+0.0100%1h10.612+0.273%$171K$662K50xas long as short
Orderly PERP_AVAX_USDC+0.0100%8h10.587+0.037%$167K$339K20xas long as short
SunX AVAX-USDT+0.0100%8h10.607+0.221%$11K$757K20xas long as short
SoDEX AVAX-USD+0.0100%1h10.577−0.058%$17K$72K10xas long as short
HTX AVAX-USDTlong+0.0100%8h10.583long leg$343K$803K75x
Phemex AVAXUSDT+0.0100%8h10.584+0.009%$28.2M$5.8M50xas long as short
Extended AVAX-USD+0.0104%1h10.569−0.132%$638K$1.4M25xas long as short
Aevo AVAX-PERP+0.0104%1h10.583−0.001%$243K3xas long as short
Coinbase International AVAX-PERP-INTX+0.0216%1h10.580−0.029%$829K$4.8M50xas long as short
BloFin AVAX-USDT+0.0220%8h10.586+0.027%$4.6M$5.6M100xas long as short
Reya AVAXRUSDPERP+0.0245%1h10.590+0.064%$1K20xas long as short
GMX AVAX/USD [AVAX-USDC]L +0.0444% / S −0.0278%1h10.593+0.098%$229K120xas long as short