Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.029%

Price spread now: GRVT against Extended+0.005%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now +0.005%, 7d avg +0.108%

Together, before fees+0.296%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$30 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 0.102% cheaper against Extended than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended AVAX-USD	11.227	0.0104	pay 0.0013% / 1h	3m 05s	$669K	$2.1M	25x
Short	GRVT AVAX_USDT_Perp	11.228	0.0100	get 0.0100% / 8h	3m 05s	$362K	$873K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. 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 ExtendedbpFee GRVTbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$0.84
Price spread: +0.005% → +0.108%: −$10.24
Slippage, 4 orders: −$12.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$37.23
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; GRVT: live order book, 10 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 Extended live order book, 6 min ago	0.44 bp	4.6 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell GRVT live order book, 10 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	−0.1451%	1h	11.180	−0.422%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.229	+0.014%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.236	+0.072%	$296K	$877K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.238	+0.093%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.234	+0.059%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.230	+0.021%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	+0.041%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.232	+0.037%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.231	+0.028%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.237	+0.087%	$298K	$118K	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	11.225	−0.025%	$120.3M	$510.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.229	+0.014%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.226	−0.013%	$20.3M	$143.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.229	+0.014%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.230	+0.023%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.237	+0.085%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.229	+0.014%	$34.3M	$57.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.227	−0.004%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.228	+0.005%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.226	−0.013%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.228	+0.005%	$362K	$873K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.230	+0.023%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	+0.059%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.240	+0.112%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.268	+0.361%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.229	+0.014%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.232	+0.036%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.228	+0.005%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USDlong	+0.0104%	1h	11.227	long leg	$669K	$2.1M	25x
Aevo AVAX-PERP	+0.0104%	1h	11.227	−0.002%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.227	−0.004%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.230	+0.027%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.236	+0.076%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.157%	$918K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0433% / S −0.0255%	1h	11.232	+0.044%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0759%	1h	11.242	+0.130%	$43.8M	$55.0M	10x	as long as short