Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.009%

Price spread now: gTrade (Gains Network) against GRVT+0.218%68s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.218% dearer against GRVT than usual: you sell high and buy low (spread +0.218% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.6 days. The two prices were read 68 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	11.296	0.0100	pay 0.0100% / 8h	2h 24m	$357K	$910K	10x
Short	gTrade (Gains Network) AVAX/USD	11.321	L +0.0002% / S −0.0004%	get 0.0001% / 1h	24m 21s	$16K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.218%Rate

Funding earned: −$20.14
Price spread: +0.218% → 0.000%: $21.83
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$17.31
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: GRVT: live order book, 63 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 63 min ago	1.36 bp	6.9 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Variational Omni AVAX	−0.0130%	8h	11.287	−0.079%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0103%	1h	11.319	+0.203%	$5.4M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0094%	1h	11.318	+0.194%	$299K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	−0.319%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.321	+0.220%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USDshort	L +0.0002% / S −0.0004%	1h	11.321	+0.218%	$16K	—	150x
Extended AVAX-USD	+0.0040%	1h	11.315	+0.171%	$672K	$2.2M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.331	+0.309%	$918K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0065%	8h	11.320	+0.212%	$12.7M	$40.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0066%	8h	11.317	+0.186%	$20.1M	$149.0M	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	+0.0069%	8h	11.317	+0.186%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0084%	8h	11.318	+0.194%	$56.0M	$109.8M	200x	as long as short
Binance AVAXUSDT	+0.0087%	8h	11.319	+0.203%	$121.3M	$537.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.318	+0.194%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.320	+0.212%	$7K	$703K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.321	+0.218%	$13K	$766	20x	as long as short
Bybit AVAXUSDT	+0.0098%	8h	11.322	+0.230%	$89.6M	$154.7M	75x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.320	+0.216%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.322	+0.233%	$301K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.322	+0.230%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.318	+0.194%	$35.0M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.319	+0.203%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.318	+0.194%	$336K	$563K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.296	long leg	$357K	$910K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.293	−0.027%	$182K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.323	+0.239%	$132K	$481K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.326	+0.265%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.347	+0.448%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.316	+0.177%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.287	−0.076%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.315	+0.163%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0204%	8h	11.310	+0.124%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.319	+0.204%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.324	+0.246%	$4.7M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.319	+0.206%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0594%	1h	11.339	+0.380%	$43.9M	$58.4M	10x	as long as short