Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.084%

Price spread now: Hyperliquid against GRVT+0.142%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on GRVT Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days−0.133%−$13 · spread now +0.142%, 7d avg +0.009%

Together, before fees−0.104%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$10 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: Hyperliquid is 0.132% dearer against GRVT than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.009%.

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 43m	$337K	$960K	10x
Short	Hyperliquid AVAX	10.604	0.0100	get 0.0013% / 1h	43m 17s	$38.2M	$43.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.009%: $13.24
Slippage, 4 orders: −$16.31
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$21.06
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Hyperliquid: live order book, 10 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, 5 min ago	1.89 bp	10.1 bp −$10	16.3 bp −$163	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	3.28 bp	9.5 bp −$10	13.6 bp −$136	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
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	10.613	+0.225%	$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	+0.0016%	8h	10.595	+0.057%	$12.1M	$32.0M	75x	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	+0.0030%	1h	10.600	+0.104%	$130K	$346K	10x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.600	+0.104%	$287K	$325K	10x	as long as short
Backpack AVAX_USDC_PERP	+0.0091%	1h	10.615	+0.246%	$373K	$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	10.611	+0.211%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.589	0.000%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.601	+0.113%	$13K	$442K	50x	as long as short
Hyperliquid AVAXshort	+0.0100%	1h	10.604	+0.142%	$38.2M	$43.2M	10x
Aster AVAXUSDT	+0.0100%	8h	10.597	+0.074%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.612	+0.217%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.590	+0.009%	$111.2M	$425.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.582	−0.066%	$78.5M	$143.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.589	0.000%	$18.6M	$110.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.597	+0.076%	$41.3M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.599	+0.094%	$13.3M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.586	−0.028%	$31.6M	$48.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.591	+0.019%	—	$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	10.582	−0.063%	$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	10.593	+0.037%	$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