Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.019%

Price spread now: HTX against SoDEX+0.005%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX AVAX-USD	10.884	0.0049	pay 0.0006% / 1h	5m 53s	$19K	$65K	10x
Short	HTX AVAX-USDT	10.884	0.0100	get 0.0100% / 8h	4h 05m	$324K	$911K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $10.79
Price spread: +0.005% → 0.000%: $0.46
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$8.75
Costs to cover: 0.200%
Break-even: 12.7 days

Slippage unknown: SoDEX: no order-book sample; HTX: live order book, 36 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 SoDEX no order-book sample	—	—	—	—	—
Sell HTX live order book, 36 min ago	22.43 bp	35.6 bp −$36	76.3 bp −$763	doesn't fit	doesn't fit

SoDEX: 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 exchanges

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
Variational Omni AVAX	−0.0162%	8h	10.916	+0.299%	$3.1M	$1.9M	—	as long as short
Kraken Futures PF_AVAXUSD	−0.0114%	1h	10.891	+0.065%	$3.7M	$10.2M	50x	as long as short
Gate AVAX_USDT	−0.0083%	8h	10.872	−0.110%	$15.1M	$25.1M	75x	as long as short
Bybit AVAXUSDT	−0.0081%	8h	10.866	−0.165%	$85.0M	$127.0M	75x	as long as short
Polymarket Perps AVAX-USD	−0.0053%	1h	10.879	−0.046%	$60K	$333K	10x	as long as short
Nado AVAX-PERP	−0.0014%	1h	10.882	−0.018%	$279K	$252K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.885	+0.013%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.886	+0.018%	$4.9M	$6.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.885	+0.009%	$24K	—	150x	as long as short
Phemex AVAXUSDT	+0.0026%	8h	10.884	0.000%	$29.0M	$5.3M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVAX-USDT-SWAP	+0.0030%	8h	10.863	−0.193%	$19.4M	$95.3M	50x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.139%	$17K	$151K	12x	as long as short
SoDEX AVAX-USDlong	+0.0049%	1h	10.884	long leg	$19K	$65K	10x
Binance AVAXUSDT	+0.0093%	8h	10.870	−0.125%	$114.5M	$347.4M	75x	as long as short
MEXC AVAX_USDT	+0.0095%	8h	10.873	−0.101%	$54.3M	$67.8M	200x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.883	−0.009%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.884	+0.004%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.883	−0.009%	$25K	$424K	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.872	−0.108%	$2.2M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.887	+0.024%	$274K	$87K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.875	−0.083%	$14.5M	$18.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.865	−0.175%	$33.2M	$39.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.867	−0.156%	—	$37.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.884	0.000%	$391K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.914	+0.277%	$343K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.942	+0.533%	$156K	$679K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.889	+0.046%	$238K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.912	+0.262%	$12K	$765K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.884	+0.005%	$324K	$911K	75x
Extended AVAX-USD	+0.0104%	1h	10.865	−0.173%	$621K	$1.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.877	−0.063%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.888	+0.037%	$850K	$4.6M	50x	as long as short
Hyperliquid AVAX	+0.0216%	1h	10.882	−0.018%	$36.4M	$30.7M	10x	as long as short
BloFin AVAX-USDT	+0.0216%	8h	10.885	+0.009%	$4.7M	$4.9M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.877	−0.065%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0473% / S −0.0328%	1h	10.886	+0.014%	$246K	—	120x	as long as short