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 +0.012%

Price spread now: GRVT against Binance+0.145%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 7 days−0.145%−$15 · spread now +0.145%, 7d avg +0.012%

Together, before fees−0.096%+ 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 0.133% dearer against Binance than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	10.684	0.0100	pay 0.0100% / 8h	1h 39m	$113.4M	$426.4M	75x
Short	GRVT AVAX_USDT_Perp	10.699	0.0100	get 0.0100% / 8h	1h 39m	$342K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Binance. 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 BinancebpFee GRVTbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.012%: $13.3
Slippage, 4 orders: −$11.09
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$16.79
Costs to cover: 0.301%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; GRVT: live order book, 4 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 Binance live order book, 5 min ago	0.47 bp	6.7 bp −$7	14.1 bp −$141	37.2 bp −$3,719	136.5 bp −$68.2K
Sell GRVT live order book, 4 min ago	0.47 bp	8.8 bp −$9	16.1 bp −$161	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	−0.0177%	1h	10.666	−0.168%	$284K	$339K	10x	as long as short
Variational Omni AVAX	−0.0042%	8h	10.695	+0.099%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.675	−0.085%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.680	−0.037%	$4.8M	$7.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.677	−0.066%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.681	−0.028%	$12.7M	$32.1M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.711%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0081%	1h	10.678	−0.056%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.668	−0.146%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0092%	8h	10.680	−0.037%	$81.0M	$147.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.680	−0.037%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.671	−0.122%	$22K	$428K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.690	+0.056%	$37.3M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.686	+0.018%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.670	−0.129%	$268K	$129K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	10.684	long leg	$113.4M	$426.4M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.680	−0.037%	$18.7M	$112.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.685	+0.009%	$45.2M	$80.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.683	−0.009%	$13.7M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.682	−0.019%	$32.3M	$48.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.683	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.686	+0.019%	$435K	$565K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	10.699	+0.145%	$342K	$1.1M	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.704	+0.187%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.675	−0.084%	$135K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.684	0.000%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.698	+0.131%	$11K	$765K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.695	+0.103%	$342K	$860K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.683	−0.009%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.680	−0.039%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.673	−0.103%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.687	+0.031%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.676	−0.075%	$932K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.670	−0.131%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.670	−0.132%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.687	+0.025%	$226K	—	120x	as long as short