Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%

Price spread now: MEXC against HTX−0.421%50s7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as 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−$910.915% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.645%+$64 · spread now −0.421%, 7d avg +0.022%

Together, before fees+0.579%+$58 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: MEXC is 0.444% cheaper against HTX than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of +0.022%. The two prices were read 50 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	11.036	0.0100	pay 0.0100% / 8h	4h 16m	$367K	$812K	75x
Short	MEXC AVAX_USDT	10.989	0.0100	get 0.0100% / 8h	4h 16m	$46.0M	$78.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.421%Rate

Funding earned: $0
Price spread: −0.421% → +0.022%: −$44.35
Slippage, 4 orders: −$79.46
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$135.81
Costs to cover: 0.915%
Break-even: never at this rate

Slippage from HTX: live order book, 47 min ago; MEXC: live order book, 3 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, 47 min ago	27.13 bp	44.1 bp −$44	94.3 bp −$943	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.36 bp	1.4 bp −$1	2.7 bp −$27	41.4 bp −$4,140	101.9 bp −$51.0K

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	−0.1423%	1h	10.950	−0.775%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0022%	1h	11.041	+0.050%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0015%	1h	10.974	−0.553%	$286K	$370K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.977	−0.530%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.973	−0.566%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.994	−0.376%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.982	−0.485%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.976	−0.535%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.996	−0.362%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.992	−0.390%	$287K	$114K	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	10.980	−0.503%	$115.6M	$429.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.980	−0.503%	$85.7M	$139.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.983	−0.476%	$20.1M	$114.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.979	−0.512%	$12.1M	$34.4M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.989	−0.421%	$46.0M	$78.5M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.986	−0.449%	$15.4M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.987	−0.439%	$32.9M	$48.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.974	−0.557%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.043	+0.068%	$332K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.013	−0.200%	$2.8M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.017	−0.170%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.021	−0.131%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.991	−0.403%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.050	+0.131%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.074	+0.351%	$12K	$711K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.044	+0.077%	$18K	$71K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.036	long leg	$367K	$812K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.046	+0.095%	$29.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.972	−0.580%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.044	+0.082%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0213%	1h	11.047	+0.102%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.044	+0.077%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.055	+0.177%	$885K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.984	−0.464%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.047	+0.107%	$234K	—	120x	as long as short
Hyperliquid AVAX	+0.0525%	1h	10.997	−0.350%	$42.6M	$42.1M	10x	as long as short