Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.010%

Price spread now: dYdX against GRVT+0.301%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$291as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2732.733% of the position

Long on GRVT Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 4 days (all we have)−0.384%−$38 · spread now +0.301%, 7d avg −0.066%

Together, before fees−0.559%+ Points / potential airdropGRVT: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.367% dearer against GRVT than usual: you sell high and buy low (spread +0.301% now, against its 7-day average of −0.066%): +$37 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

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	dYdX AVAX-USD	11.280	0	get 0.0000% / 1h	26m 52s	$99K	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.301%Rate

Funding earned: −$21
Price spread: +0.301% → −0.066%: $36.74
Slippage, 4 orders: −$254.32
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$257.59
Costs to cover: 2.733%
Break-even: never at this rate

Slippage from GRVT: live order book, 61 min ago; dYdX: 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, 61 min ago	1.36 bp	6.9 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell dYdX live order book, 62 min ago	122.70 bp	127.7 bp −$128	127.7 bp −$1,277	129.2 bp −$12.9K	190.8 bp −$95.4K

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
Deribit AVAX_USDC-PERPETUAL	−0.0193%	1h	11.284	+0.335%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0142%	8h	11.251	+0.042%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0096%	1h	11.293	+0.420%	$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-USDshort	0.0000%	1h	11.280	+0.301%	$99K	$115K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.287	+0.360%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.283	+0.324%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.294	+0.424%	$915K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0061%	8h	11.286	+0.353%	$12.6M	$40.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0061%	8h	11.284	+0.335%	$20.1M	$148.5M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0065%	8h	11.284	+0.335%	$30.3M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0082%	8h	11.285	+0.344%	$55.5M	$109.6M	200x	as long as short
Binance AVAXUSDT	+0.0083%	8h	11.284	+0.335%	$121.0M	$537.4M	75x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	11.288	+0.371%	$88.8M	$154.2M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.286	+0.354%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.292	+0.406%	$9K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.278	+0.282%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.290	+0.386%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.283	+0.330%	$300K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.288	+0.371%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.288	+0.371%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.285	+0.344%	—	$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 AVAXUSDT	+0.0100%	1h	11.249	+0.024%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.299	+0.468%	$131K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.292	+0.406%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.321	+0.661%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.284	+0.335%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.278	+0.280%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.286	+0.353%	$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	11.295	+0.434%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.294	+0.420%	$4.7M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.295	+0.434%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0570%	1h	11.303	+0.504%	$43.7M	$58.5M	10x	as long as short