Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0363%/8hnext payment −$3.63 per $10,000 · paid last 24h −0.081%

Price spread now: Variational Omni against HTX+0.027%7-day average −0.037% · you sell dearer than you buy

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

Long on HTX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.138%−$14 on $10k

Price spread, last 3 days (all we have)−0.084%−$8 · spread now +0.027%, 7d avg −0.037%

Together, before fees−0.222%+ Points / potential airdropVariational Omni: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.064% dearer against HTX than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.037%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 3 days (−0.138% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.001	0.0100	pay 0.0100% / 8h	4h 06m	$350K	$1.2M	75x
Short	Variational Omni AVAX	11.003	−0.0263	pay 0.0263% / 8h	4h 06m	$2.9M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.027%Rate

Funding earned: −$76.24
Price spread: +0.027% → −0.037%: $6.4
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$81.84
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 2 min ago	14.10 bp	30.2 bp −$30	91.4 bp −$914	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.18 bp	doesn't fit	7.5 bp −$75	doesn't fit	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
Nado AVAX-PERP	−0.0294%	1h	10.998	−0.018%	$313K	$960K	10x	as long as short
Variational Omni AVAXshort	−0.0263%	8h	11.003	+0.027%	$2.9M	$2.2M	—
Deribit AVAX_USDC-PERPETUAL	−0.0204%	1h	11.010	+0.086%	$5.2M	$9.7M	25x	as long as short
Bybit AVAXUSDT	−0.0076%	8h	11.007	+0.059%	$86.5M	$147.6M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0054%	8h	11.008	+0.068%	$19.3M	$144.5M	50x	as long as short
Gate AVAX_USDT	−0.0040%	8h	11.009	+0.077%	$12.1M	$40.6M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0025%	1h	11.009	+0.077%	$297K	$538K	15x	as long as short
SoDEX AVAX-USD	−0.0009%	1h	11.008	+0.068%	$18K	$72K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.008	+0.068%	$84K	$151K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	11.005	+0.041%	$811K	$8.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.006	+0.052%	$12K	—	150x	as long as short
Extended AVAX-USD	+0.0016%	1h	11.007	+0.061%	$647K	$2.2M	25x	as long as short
Phemex AVAXUSDT	+0.0030%	8h	11.005	+0.041%	$29.5M	$4.8M	50x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	−0.277%	$17K	$68K	12x	as long as short
MEXC AVAX_USDT	+0.0038%	8h	11.009	+0.077%	$49.6M	$115.1M	200x	as long as short
BingX AVAX-USDT	+0.0038%	8h	11.007	+0.059%	—	$94.1M	—	as long as short
Binance AVAXUSDT	+0.0040%	8h	11.007	+0.059%	$117.7M	$544.4M	75x	as long as short
Bitget AVAXUSDT	+0.0041%	8h	11.007	+0.059%	$33.9M	$63.0M	75x	as long as short
Aster AVAXUSDT	+0.0054%	8h	10.998	−0.024%	$2.2M	$2.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0069%	8h	10.997	−0.029%	$13K	$766	20x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	11.002	+0.009%	$253K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	11.008	+0.065%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.998	−0.023%	$16K	$720K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	11.004	+0.029%	$297K	$118K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.009	+0.077%	$15.5M	$25.2M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.006	+0.048%	$352K	$833K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.004	+0.032%	$177K	$705K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.999	−0.014%	$114K	$471K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.014	+0.123%	$213K	$332K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.035	+0.317%	$12K	$694K	20x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.001	long leg	$350K	$1.2M	75x
BloFin AVAX-USDT	+0.0155%	8h	11.000	−0.005%	$4.9M	$9.0M	100x	as long as short
Hyperliquid AVAX	+0.0235%	1h	11.027	+0.241%	$41.3M	$59.5M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	10.997	−0.029%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0339%	1h	11.019	+0.169%	$4.6M	$14.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.007	+0.055%	$237K	—	120x	as long as short