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: HTX against MEXC−0.193%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1031.035% of the position

Long on MEXC Short on HTX

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)+0.087%+$9 · spread now −0.193%, 7d avg −0.022%

Together, before fees+0.153%+$15 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: HTX is 0.171% cheaper against MEXC than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.628	0.0100	pay 0.0100% / 8h	2h 44m	$41.3M	$79.0M	200x
Short	HTX AVAX-USDT	10.607	0.0100	get 0.0100% / 8h	2h 44m	$350K	$793K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now −0.193%Rate

Funding earned: $0
Price spread: −0.193% → −0.022%: −$17.07
Slippage, 4 orders: −$91.46
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$120.53
Costs to cover: 1.035%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; HTX: live order book, 9 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 MEXC live order book, 4 min ago	0.47 bp	1.0 bp −$1	4.2 bp −$42	38.5 bp −$3,848	101.8 bp −$50.9K
Sell HTX live order book, 9 min ago	24.18 bp	46.7 bp −$47	143.9 bp −$1,439	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
Injective AVAX/USDC PERP	−0.1423%	1h	10.760	+1.242%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.612	−0.149%	$4.2M	$11.3M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.625	−0.032%	$93K	$101K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.604	−0.226%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.599	−0.269%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0016%	8h	10.623	−0.047%	$12.1M	$31.9M	75x	as long as short
Variational Omni AVAX	+0.0026%	8h	10.572	−0.530%	$2.8M	$2.2M	—	as long as short
Polymarket Perps AVAX-USD	+0.0029%	1h	10.618	−0.094%	$131K	$346K	10x	as long as short
Nado AVAX-PERP	+0.0033%	1h	10.612	−0.151%	$287K	$325K	10x	as long as short
Backpack AVAX_USDC_PERP	+0.0069%	1h	10.607	−0.198%	$371K	$533K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni AVAXUSDT	+0.0086%	1h	10.590	−0.358%	$171K	$665K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.629	+0.012%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.623	−0.042%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.615	−0.122%	$12K	$442K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.626	−0.019%	$38.3M	$43.2M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.619	−0.085%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.629	+0.008%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.618	−0.090%	$111.5M	$425.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.611	−0.160%	$78.7M	$143.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.617	−0.104%	$18.6M	$110.8M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.628	long leg	$41.3M	$79.0M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.621	−0.066%	$13.4M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.616	−0.113%	$31.7M	$48.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.622	−0.056%	—	$54.8M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.578	−0.470%	$333K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.604	−0.226%	$165K	$334K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.631	+0.030%	$12K	$742K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.603	−0.235%	$18K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.607	−0.193%	$350K	$793K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.608	−0.188%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.617	−0.102%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.599	−0.271%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.606	−0.207%	$847K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.612	−0.151%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.614	−0.134%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0277%	1h	10.599	−0.277%	$230K	—	120x	as long as short