Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Aevo against GRVT+0.012%49s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$922as 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−$9249.235% of the position

Long on GRVT Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.012%, 7d avg −0.022%

Together, before fees−0.026%+ Points / potential airdropGRVT: Active · farm board−$3 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: Aevo is 0.034% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 49 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	GRVT AVAX_USDT_Perp	10.728	0.0100	pay 0.0100% / 8h	1h 07m	$339K	$1.1M	10x
Short	Aevo AVAX-PERP	10.729	0.0104	get 0.0013% / 1h	7m 31s	$246K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against GRVT. 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 GRVTbpFee AevobpOrdersPrice spread, now +0.012%Rate

Funding earned: $0.84
Price spread: +0.012% → −0.022%: $3.35
Slippage, 4 orders: −$898.55
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$919.36
Costs to cover: 9.235%
Break-even: 7668.3 days

Slippage from GRVT: live order book, 6 min ago; Aevo: live order book, 36 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 GRVT live order book, 6 min ago	0.93 bp	14.0 bp −$14	19.2 bp −$192	doesn't fit	doesn't fit
Sell Aevo live order book, 36 min ago	205.90 bp	460.8 bp −$461	doesn't fit	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	−0.0196%	1h	10.714	−0.127%	$281K	$339K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.719	−0.089%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0030%	1h	10.727	−0.010%	$4.8M	$7.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.725	−0.029%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.728	0.000%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0020%	8h	10.717	−0.104%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.297%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0086%	1h	10.726	−0.020%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.719	−0.088%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.721	−0.066%	$81.9M	$145.9M	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	10.719	−0.090%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.723	−0.048%	$25K	$466K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.729	+0.006%	$37.2M	$43.5M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.726	−0.020%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.724	−0.038%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.723	−0.050%	$113.7M	$421.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.715	−0.122%	$18.8M	$111.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.718	−0.094%	$45.3M	$81.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.718	−0.094%	$13.7M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.719	−0.085%	$32.4M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.717	−0.104%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.734	+0.055%	$437K	$562K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	10.728	long leg	$339K	$1.1M	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.728	−0.001%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.725	−0.029%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.731	+0.027%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.748	+0.190%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	−0.015%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.727	−0.010%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.713	−0.141%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERPshort	+0.0104%	1h	10.729	+0.012%	$246K	—	3x
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.726	−0.022%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.728	−0.001%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.732	+0.036%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.720	−0.078%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.729	+0.005%	$226K	—	120x	as long as short