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 −0.007%

Price spread now: Bitget against GRVT+0.009%63s7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as 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−$360.362% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.009%, 7d avg −0.034%

Together, before fees−0.034%+ 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: Bitget is 0.043% dearer against GRVT than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.034%. The two prices were read 63 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	10.589	0.0100	pay 0.0100% / 8h	2h 42m	$337K	$960K	10x
Short	Bitget AVAXUSDT	10.590	0.0100	get 0.0100% / 8h	2h 42m	$31.6M	$48.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → −0.034%: $4.32
Slippage, 4 orders: −$15.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.88
Costs to cover: 0.362%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Bitget: live order book, 2 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	1.89 bp	10.1 bp −$10	16.3 bp −$163	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.47 bp	10.1 bp −$10	15.6 bp −$156	38.4 bp −$3,839	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	−0.1423%	1h	10.760	+1.615%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.595	+0.055%	$4.2M	$11.3M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0033%	1h	10.589	0.000%	$4.7M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.601	+0.116%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.592	+0.028%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0018%	8h	10.598	+0.085%	$12.1M	$32.0M	75x	as long as short
Nado AVAX-PERP	+0.0025%	1h	10.595	+0.057%	$287K	$325K	10x	as long as short
Variational Omni AVAX	+0.0026%	8h	10.572	−0.164%	$2.8M	$2.2M	—	as long as short
Polymarket Perps AVAX-USD	+0.0035%	1h	10.593	+0.038%	$130K	$346K	10x	as long as short
Backpack AVAX_USDC_PERP	+0.0093%	1h	10.591	+0.019%	$372K	$534K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.599	+0.097%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.595	+0.060%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.595	+0.057%	$13K	$443K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.607	+0.170%	$38.2M	$43.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.600	+0.101%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.599	+0.094%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.595	+0.057%	$111.2M	$425.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.587	−0.019%	$78.6M	$143.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.592	+0.028%	$18.6M	$110.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.599	+0.094%	$41.3M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.595	+0.057%	$13.3M	$22.7M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	10.590	+0.009%	$31.6M	$48.9M	75x
BingX AVAX-USDT	+0.0100%	8h	10.594	+0.047%	—	$54.4M	—	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	10.589	long leg	$337K	$960K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.592	+0.028%	$171K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.593	+0.038%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.618	+0.275%	$11K	$745K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.589	0.000%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.604	+0.137%	$350K	$765K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.595	+0.057%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.589	−0.001%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.585	−0.040%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.622	+0.312%	$847K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.596	+0.066%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.589	+0.003%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0263%	1h	10.592	+0.025%	$235K	—	120x	as long as short