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% APRpaid last 24h +0.004%

Price spread now: HTX against Polymarket Perps−0.150%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$930.927% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 3 days (all we have)+0.022%+$2 · spread now −0.150%, 7d avg −0.048%

Together, before fees+0.075%+$7 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 0.102% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.230	0.0100	pay 0.0013% / 1h	40m 11s	$132K	$440K	10x
Short	HTX AVAX-USDT	11.213	0.0100	get 0.0100% / 8h	40m 11s	$362K	$1.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.048%: −$10.24
Slippage, 4 orders: −$72.74
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$102.98
Costs to cover: 0.927%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 37 min ago; HTX: 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 Polymarket Perps live order book, 37 min ago	2.22 bp	6.2 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	21.62 bp	46.3 bp −$46	91.1 bp −$911	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	−0.1451%	1h	11.200	−0.267%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.223	−0.062%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0087%	1h	11.231	+0.009%	$296K	$884K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.240	+0.090%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.229	−0.009%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0065%	8h	11.239	+0.081%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.227	−0.030%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.230	0.000%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.231	+0.010%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.233	+0.022%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.240	+0.087%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.224	−0.053%	$120.1M	$516.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.225	−0.045%	$89.3M	$155.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.228	−0.018%	$20.2M	$144.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.224	−0.053%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.225	−0.045%	$52.0M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.231	+0.009%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.229	−0.009%	$34.2M	$58.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.233	+0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.231	+0.009%	$359K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.244	+0.124%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.250	+0.178%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.230	long leg	$132K	$440K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.235	+0.045%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.258	+0.247%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.225	−0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.213	−0.150%	$362K	$1.0M	75x
Phemex AVAXUSDT	+0.0100%	8h	11.225	−0.045%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.223	−0.066%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.226	−0.040%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.236	+0.053%	$5.0M	$7.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.226	−0.038%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.230	+0.002%	$4.6M	$13.2M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.254	+0.214%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0421% / S −0.0274%	1h	11.228	−0.015%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0827%	1h	11.249	+0.169%	$43.7M	$55.3M	10x	as long as short