Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Binance against GRVT−0.397%109s7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as 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−$300.298% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days+0.359%+$36 · spread now −0.397%, 7d avg −0.016%

Together, before fees+0.327%+ Points / potential airdropGRVT: Active · farm board+$33 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: Binance is 0.381% cheaper against GRVT than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 109 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	11.319	0.0100	pay 0.0100% / 8h	1h 53m	$358K	$895K	10x
Short	Binance AVAXUSDT	11.274	0.0100	get 0.0100% / 8h	1h 53m	$121.0M	$530.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.397%Rate

Funding earned: $0
Price spread: −0.397% → −0.016%: −$38.1
Slippage, 4 orders: −$10.84
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.94
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from GRVT: live order book, 29 min ago; Binance: live order book, 5 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, 29 min ago	0.44 bp	7.7 bp −$8	17.9 bp −$179	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.44 bp	5.7 bp −$6	11.4 bp −$114	40.7 bp −$4,071	128.1 bp −$64.1K

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	−0.0570%	1h	11.280	−0.344%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0281%	1h	11.287	−0.282%	$5.4M	$9.2M	25x	as long as short
Variational Omni AVAX	−0.0055%	8h	11.344	+0.218%	$3.0M	$2.2M	—	as long as short
Nado AVAX-PERP	−0.0006%	1h	11.306	−0.110%	$298K	$949K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.277	−0.371%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.298	−0.184%	$16K	—	150x	as long as short
Gate AVAX_USDT	+0.0090%	8h	11.276	−0.379%	$12.7M	$39.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.278	−0.364%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.307	−0.105%	$13K	$696K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.272	−0.417%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.287	−0.282%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.279	−0.357%	$300K	$121K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.274	−0.397%	$121.0M	$530.1M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.274	−0.397%	$90.6M	$155.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.274	−0.397%	$20.3M	$147.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.274	−0.397%	$54.3M	$99.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.279	−0.353%	$16.2M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.267	−0.459%	$34.6M	$60.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.270	−0.432%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.281	−0.335%	$340K	$563K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.319	long leg	$358K	$895K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.323	+0.036%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.310	−0.079%	$134K	$466K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.303	−0.141%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.341	+0.197%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.290	−0.255%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.290	−0.255%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.287	−0.282%	$30.4M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.267	−0.461%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.290	−0.258%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.327	+0.071%	$932K	$8.4M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.326	+0.063%	$5.0M	$8.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.301	−0.156%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0406% / S −0.0245%	1h	11.297	−0.192%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0444%	1h	11.289	−0.264%	$43.9M	$57.5M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0626%	1h	11.295	−0.211%	$4.6M	$13.5M	50x	as long as short