Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: BingX against GRVT+0.218%69s7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$480.480% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.265%−$27 · spread now +0.218%, 7d avg −0.031%

Together, before fees−0.276%+ Points / potential airdropGRVT: Active · farm board−$28 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: BingX is 0.250% dearer against GRVT than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 69 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	11.086	0.0100	pay 0.0100% / 8h	6h 06m	$354K	$790K	10x
Short	BingX AVAX-USDC	11.110	0.0100	get 0.0100% / 8h	6h 06m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.218%Rate

Funding earned: $0
Price spread: +0.218% → −0.031%: $24.96
Slippage, 4 orders: −$28.97
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$23
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from GRVT: live order book, 62 min ago; BingX: live order book, 15 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	3.57 bp	11.1 bp −$11	19.8 bp −$198	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	0.90 bp	11.8 bp −$12	24.4 bp −$244	80.4 bp −$8,039	485.5 bp −$242.8K

AVAX on 35 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	−0.1423%	1h	11.070	−0.143%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0040%	1h	11.115	+0.263%	$286K	$477K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.112	+0.236%	$5.2M	$8.1M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.115	+0.266%	$102K	$91K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.111	+0.231%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0078%	8h	11.114	+0.254%	$12.1M	$36.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.113	+0.249%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.118	+0.290%	$16K	$578K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.113	+0.247%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.114	+0.255%	$2.3M	$1.3M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.120	+0.313%	$295K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.115	+0.261%	$118.6M	$447.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.115	+0.263%	$88.4M	$140.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.115	+0.263%	$20.0M	$121.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.115	+0.263%	$48.6M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.118	+0.290%	$15.5M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.111	+0.227%	$33.4M	$49.9M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.110	+0.218%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.110	+0.218%	$355K	$506K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.107	+0.187%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.086	long leg	$354K	$790K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.089	+0.029%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.116	+0.272%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.118	+0.290%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.148	+0.559%	$12K	$708K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.115	+0.263%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.114	+0.259%	$361K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.116	+0.272%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.110	+0.217%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.111	+0.232%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.112	+0.238%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.117	+0.280%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.118	+0.290%	$902K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0385%	1h	11.129	+0.390%	$43.2M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.109	+0.206%	$236K	—	120x	as long as short