Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.170%

Price spread now: GRVT against Deribit+0.013%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs+$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Deribit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.608%+$61 on $10k

Price spread, last 3 days (all we have)+0.194%+$19 · spread now +0.013%, 7d avg +0.029%

Together, before fees+0.802%+ Points / potential airdropGRVT: Active · farm board+$80 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.238	−0.0195	get 0.0024% / 1h	32m 31s	$5.3M	$9.4M	25x
Short	GRVT AVAX_USDT_Perp	11.240	0.0100	get 0.0100% / 8h	2h 32m	$356K	$910K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Deribit. 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 DeribitbpFee GRVTbpOrdersPrice spread, now +0.013%Rate

Funding earned: $61.89
Price spread: +0.013% → +0.029%: −$1.51
Slippage, 4 orders: −$13.84
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $30.55
Costs to cover: 0.298%
Break-even: 3.5 days

Slippage from Deribit: live order book, 2 min ago; GRVT: live order book, 55 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 Deribit live order book, 2 min ago	0.89 bp	6.1 bp −$6	73.9 bp −$739	doesn't fit	doesn't fit
Sell GRVT live order book, 55 min ago	1.36 bp	11.0 bp −$11	24.2 bp −$242	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
Deribit AVAX_USDC-PERPETUALlong	−0.0195%	1h	11.238	long leg	$5.3M	$9.4M	25x
Variational Omni AVAX	−0.0155%	8h	11.233	−0.044%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0108%	1h	11.238	0.000%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.228%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	+0.102%	$99K	$115K	10x	as long as short
Extended AVAX-USD	0.0000%	1h	11.242	+0.033%	$669K	$2.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.239	+0.006%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0055%	8h	11.243	+0.044%	$12.6M	$39.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.243	+0.044%	$20.0M	$147.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.243	+0.044%	$911K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0059%	8h	11.240	+0.018%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0074%	8h	11.240	+0.018%	$53.5M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0076%	8h	11.240	+0.021%	$120.7M	$537.7M	75x	as long as short
Bybit AVAXUSDT	+0.0078%	8h	11.246	+0.071%	$86.8M	$152.7M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.240	+0.014%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.244	+0.050%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.243	+0.044%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.235	−0.024%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.248	+0.088%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.247	+0.077%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.250	+0.107%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.244	+0.053%	$34.5M	$61.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.244	+0.053%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.239	+0.009%	$333K	$560K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.240	+0.013%	$356K	$910K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.125%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.239	+0.009%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.243	+0.044%	$202K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.264	+0.227%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.237	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.236	−0.022%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0195%	8h	11.241	+0.027%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.236	−0.017%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.247	+0.078%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.239	+0.010%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0513%	1h	11.266	+0.249%	$43.4M	$58.4M	10x	as long as short