Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: GRVT against ApeX Omni−0.025%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now −0.025%, 7d avg −0.012%

Together, before fees−0.035%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni AVAXUSDT	11.190	0.0100	pay 0.0013% / 1h	11m 57s	$180K	$688K	50x
Short	GRVT AVAX_USDT_Perp	11.187	0.0100	get 0.0100% / 8h	7h 11m	$353K	$847K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against ApeX Omni. 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 ApeX OmnibpFee GRVTbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0
Price spread: −0.025% → −0.012%: −$1.38
Slippage, 4 orders: −$24.96
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$45.35
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 61 min ago; GRVT: live order book, 61 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 ApeX Omni live order book, 61 min ago	6.24 bp	13.8 bp −$14	92.1 bp −$921	doesn't fit	doesn't fit
Sell GRVT live order book, 61 min ago	1.34 bp	8.6 bp −$9	14.7 bp −$147	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	−0.1363%	1h	11.140	−0.447%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0060%	1h	11.218	+0.255%	$294K	$728K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.207	+0.149%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.216	+0.232%	$5.3M	$8.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.216	+0.237%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.218	+0.249%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.211	+0.188%	$15K	$610K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.215	+0.227%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.216	+0.237%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.213	+0.207%	$298K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.216	+0.232%	$119.7M	$476.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.218	+0.250%	$89.2M	$147.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.218	+0.250%	$20.0M	$130.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.215	+0.223%	$12.2M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.217	+0.241%	$51.0M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.217	+0.241%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.213	+0.206%	$34.0M	$53.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.218	+0.250%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.215	+0.223%	$359K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.109%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.187	−0.025%	$353K	$847K	10x
ApeX Omni AVAXUSDTlong	+0.0100%	1h	11.190	long leg	$180K	$688K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.216	+0.232%	$132K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.223	+0.295%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.239	+0.437%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.218	+0.250%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.234	+0.395%	$365K	$943K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.218	+0.250%	$30.1M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.212	+0.197%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.213	+0.201%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.221	+0.278%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	+0.054%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.212	+0.195%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.209	+0.170%	$912K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.218	+0.246%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0677%	1h	11.229	+0.349%	$43.9M	$49.6M	10x	as long as short