Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.011%

Price spread now: Extended against GRVT+0.015%7-day average −0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.015%, 7d avg −0.088%

Together, before fees−0.145%+ Points / potential airdropGRVT: Active · Extended: Active · farm board−$14 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: Extended is 0.104% dearer against GRVT than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVAX_USDT_Perp	10.911	0.0100	pay 0.0100% / 8h	7h 04m	$352K	$1.3M	10x
Short	Extended AVAX-USD	10.912	0.0104	get 0.0013% / 1h	4m 59s	$621K	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0.84
Price spread: +0.015% → −0.088%: $10.35
Slippage, 4 orders: −$13.8
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$16.6
Costs to cover: 0.278%
Break-even: 145.4 days

Slippage from GRVT: live order book, 3 min ago; Extended: live order book, 3 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, 3 min ago	0.46 bp	7.8 bp −$8	19.6 bp −$196	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.46 bp	5.6 bp −$6	7.7 bp −$77	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
Kraken Futures PF_AVAXUSD	−0.0262%	1h	10.922	+0.109%	$3.8M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0160%	1h	10.917	+0.064%	$275K	$311K	10x	as long as short
Phemex AVAXUSDT	−0.0154%	8h	10.914	+0.031%	$29.1M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0092%	8h	10.907	−0.035%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0068%	1h	10.916	+0.050%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.918	+0.066%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.920	+0.086%	$5.0M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.916	+0.053%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.380%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0051%	8h	10.916	+0.050%	$14.2M	$29.7M	75x	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	+0.0091%	8h	10.917	+0.055%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.915	+0.042%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.913	+0.022%	$19K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.927	+0.151%	$36.1M	$39.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.917	+0.059%	$2.3M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.918	+0.068%	$275K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.920	+0.086%	$115.1M	$387.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.914	+0.031%	$85.3M	$135.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.914	+0.031%	$19.5M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.914	+0.031%	$55.2M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.915	+0.041%	$14.1M	$20.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.921	+0.096%	$33.2M	$44.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.913	+0.022%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.917	+0.059%	$441K	$528K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	10.911	long leg	$352K	$1.3M	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.913	+0.022%	$175K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.918	+0.068%	$137K	$234K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.923	+0.114%	$236K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.945	+0.316%	$12K	$775K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.911	−0.001%	$337K	$868K	75x	as long as short
Extended AVAX-USDshort	+0.0104%	1h	10.912	+0.015%	$621K	$1.5M	25x
Aevo AVAX-PERP	+0.0104%	1h	10.913	+0.022%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.925	+0.132%	$861K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.916	+0.050%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.907	−0.031%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.916	+0.046%	$230K	—	120x	as long as short