Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0154%/8h= +16.8% APRpaid last 24h −0.010%

Price spread now: Kraken Futures against GRVT+0.262%75s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as 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−$430.426% of the position

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 3 days (all we have)−0.399%−$40 · spread now +0.262%, 7d avg +0.040%

Together, before fees−0.495%+ Points / potential airdropGRVT: Active · farm board−$49 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.222% dearer against GRVT than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour. The two prices were read 75 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 22m	$357K	$910K	10x
Short	Kraken Futures PF_AVAXUSD	11.326	0.0254	get 0.0032% / 1h	22m 05s	$4.6M	$13.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.262%Rate

Funding earned: $32.24
Price spread: +0.262% → +0.040%: $22.22
Slippage, 4 orders: −$23.64
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $11.82
Costs to cover: 0.426%
Break-even: 4.4 days

Slippage from GRVT: live order book, 1 min ago; Kraken Futures: 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, 1 min ago	0.44 bp	7.7 bp −$8	17.9 bp −$179	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.18 bp	13.7 bp −$14	23.8 bp −$238	62.9 bp −$6,294	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
Deribit AVAX_USDC-PERPETUAL	−0.0191%	1h	11.327	+0.274%	$5.4M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0130%	8h	11.287	−0.079%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0092%	1h	11.331	+0.305%	$299K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.280	−0.142%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.326	+0.261%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.332	+0.315%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0056%	1h	11.326	+0.266%	$676K	$2.2M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.351	+0.487%	$919K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0063%	8h	11.318	+0.194%	$12.7M	$40.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0067%	8h	11.314	+0.159%	$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	+0.0072%	8h	11.319	+0.203%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0086%	8h	11.314	+0.159%	$55.9M	$109.9M	200x	as long as short
Binance AVAXUSDT	+0.0088%	8h	11.314	+0.163%	$121.3M	$537.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.318	+0.194%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.331	+0.309%	$9K	$703K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.320	+0.211%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.326	+0.262%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.326	+0.265%	$301K	$122K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.319	+0.203%	$89.8M	$154.9M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.326	+0.265%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.320	+0.212%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.318	+0.194%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.318	+0.194%	$335K	$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	11.332	+0.318%	$132K	$479K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.335	+0.345%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.365	+0.608%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.319	+0.203%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.316	+0.181%	$363K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.324	+0.248%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0207%	8h	11.317	+0.186%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.330	+0.301%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0254%	1h	11.326	+0.262%	$4.6M	$13.7M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.332	+0.317%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0619%	1h	11.336	+0.352%	$44.2M	$58.6M	10x	as long as short