Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.016%

Price spread now: ApeX Omni against GRVT+0.024%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on GRVT Short on ApeX Omni

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)+0.024%+$2 · spread now +0.024%, 7d avg +0.012%

Together, before fees+0.054%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVAX_USDT_Perp	11.246	0.0100	pay 0.0100% / 8h	2h 26m	$356K	$910K	10x
Short	ApeX Omni AVAXUSDT	11.249	0.0100	get 0.0013% / 1h	26m 07s	$181K	$684K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.012%: $1.18
Slippage, 4 orders: −$24.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$42.74
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from GRVT: live order book, 62 min ago; ApeX Omni: live order book, 62 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, 62 min ago	1.36 bp	6.9 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 62 min ago	4.52 bp	14.0 bp −$14	98.0 bp −$980	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
Variational Omni AVAX	−0.0142%	8h	11.251	+0.042%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0104%	1h	11.284	+0.335%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.279	+0.295%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	+0.122%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.288	+0.371%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.288	+0.368%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.280	+0.299%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.293	+0.415%	$915K	$8.2M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0062%	8h	11.287	+0.362%	$20.1M	$148.6M	50x	as long as short
Gate AVAX_USDT	+0.0063%	8h	11.283	+0.326%	$12.6M	$40.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0068%	8h	11.280	+0.299%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0083%	8h	11.288	+0.371%	$55.5M	$109.6M	200x	as long as short
Binance AVAXUSDT	+0.0083%	8h	11.280	+0.302%	$120.9M	$537.1M	75x	as long as short
Bybit AVAXUSDT	+0.0093%	8h	11.296	+0.442%	$89.0M	$154.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.283	+0.323%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.280	+0.299%	$7K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.278	+0.280%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.287	+0.364%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.289	+0.378%	$300K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.285	+0.344%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.289	+0.380%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.286	+0.353%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.289	+0.380%	$335K	$563K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.246	long leg	$356K	$910K	10x
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.249	+0.024%	$181K	$684K	50x
Polymarket Perps AVAX-USD	+0.0100%	1h	11.283	+0.326%	$131K	$480K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.293	+0.415%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.311	+0.572%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.282	+0.317%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.284	+0.339%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.285	+0.344%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0203%	8h	11.294	+0.424%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.281	+0.305%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.291	+0.398%	$4.7M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.286	+0.354%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0575%	1h	11.306	+0.531%	$43.7M	$58.5M	10x	as long as short