Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.048%

Price spread now: Orderly against HTX+0.286%7-day average +0.058% · you sell dearer than you buy

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

Long on HTX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 3 days (all we have)−0.249%−$25 · spread now +0.286%, 7d avg +0.058%

Together, before fees−0.317%−$32 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: Orderly is 0.228% dearer against HTX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.304	0.0100	pay 0.0100% / 8h	2h 05m	$365K	$1.1M	75x
Short	Orderly PERP_AVAX_USDC	11.336	0.0100	get 0.0100% / 8h	2h 05m	$204K	$302K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.286%Rate

Funding earned: $0
Price spread: +0.286% → +0.058%: $22.81
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $4.81
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: HTX: live order book, 3 min ago; Orderly: 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, 3 min ago	23.80 bp	34.3 bp −$34	116.3 bp −$1,163	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Deribit AVAX_USDC-PERPETUAL	−0.0279%	1h	11.327	+0.206%	$5.4M	$9.3M	25x	as long as short
Nado AVAX-PERP	−0.0078%	1h	11.356	+0.463%	$300K	$958K	10x	as long as short
Variational Omni AVAX	−0.0076%	8h	11.354	+0.449%	$3.1M	$2.2M	—	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.300	−0.033%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.362	+0.513%	$100K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.335	+0.274%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.358	+0.480%	$997K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0070%	8h	11.316	+0.109%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0094%	8h	11.316	+0.109%	$20.4M	$149.2M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.318	+0.125%	$1.3M	$3.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	11.359	+0.489%	$12K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.361	+0.505%	$13K	$766	20x	as long as short
Phemex AVAXUSDT	+0.0099%	8h	11.313	+0.082%	$30.3M	$4.9M	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.335	+0.281%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.364	+0.533%	$302K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.313	+0.082%	$121.4M	$536.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.318	+0.127%	$91.1M	$156.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.313	+0.082%	$55.4M	$110.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.319	+0.135%	$16.5M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.315	+0.100%	$34.9M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.314	+0.091%	—	$90.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.316	+0.109%	$341K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	+0.143%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.368	+0.569%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.351	+0.418%	$135K	$485K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.336	+0.286%	$204K	$302K	20x
SunX AVAX-USDT	+0.0100%	8h	11.360	+0.500%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.316	+0.109%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.304	long leg	$365K	$1.1M	75x
Extended AVAX-USD	+0.0104%	1h	11.324	+0.183%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.321	+0.151%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.311	+0.065%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.342	+0.337%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.320	+0.142%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.333	+0.263%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0683%	1h	11.332	+0.250%	$44.0M	$58.6M	10x	as long as short