Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.003%

Price spread now: GRVT against Aevo+0.083%71s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$897as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$8968.958% of the position

Long on Aevo Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.083%, 7d avg +0.020%

Together, before fees−0.104%+ Points / potential airdropGRVT: Active · farm board−$10 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: GRVT is 0.063% dearer against Aevo than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo AVAX-PERP	10.707	0.0104	pay 0.0013% / 1h	1m 37s	$246K	—	3x
Short	GRVT AVAX_USDT_Perp	10.716	0.0100	get 0.0100% / 8h	1m 37s	$337K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Aevo. 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 AevobpFee GRVTbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$0.84
Price spread: +0.083% → +0.020%: $6.31
Slippage, 4 orders: −$870.77
Fee Aevo: 8 bp × 2 orders: −$16
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$890.3
Costs to cover: 8.958%
Break-even: never at this rate

Slippage from Aevo: live order book, 37 min ago; GRVT: live order book, 1 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 Aevo live order book, 37 min ago	217.59 bp	434.2 bp −$434	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	1.40 bp	7.1 bp −$7	14.2 bp −$142	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	−0.0212%	1h	10.710	+0.023%	$289K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.711	+0.037%	$3.8M	$11.5M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.707	−0.004%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.707	−0.005%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.712	+0.042%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.711	+0.033%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0010%	8h	10.705	−0.023%	$13.3M	$30.9M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.490%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.699	−0.078%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.703	−0.043%	$1.2M	$2.4M	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	10.710	+0.023%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.714	+0.061%	$36.8M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.709	+0.014%	$2.2M	$888K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.709	+0.015%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.703	−0.046%	$113.2M	$402.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.701	−0.061%	$81.8M	$138.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.702	−0.051%	$18.8M	$106.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.703	−0.042%	$52.7M	$81.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.705	−0.023%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.704	−0.033%	$32.7M	$46.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.702	−0.051%	—	$53.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.711	+0.033%	$436K	$545K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	10.716	+0.083%	$337K	$1.2M	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.719	+0.107%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.712	+0.042%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.715	+0.070%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.741	+0.317%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.709	+0.014%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	+0.009%	$326K	$857K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.708	+0.005%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.700	−0.071%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERPlong	+0.0104%	1h	10.707	long leg	$246K	—	3x
BloFin AVAX-USDT	+0.0220%	8h	10.713	+0.051%	$4.7M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.715	+0.070%	$850K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.707	−0.004%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.711	+0.029%	$226K	—	120x	as long as short