Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against GRVT+0.019%83s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as 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−$540.538% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.019%, 7d avg −0.014%

Together, before fees−0.085%+ Points / potential airdropGRVT: Active · farm board−$9 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: KuCoin is 0.033% dearer against GRVT than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 83 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	10.778	0.0100	pay 0.0100% / 8h	7h 48m	$340K	$1.2M	10x
Short	KuCoin AVAXUSDTM	10.780	0.0100	get 0.0100% / 8h	7h 48m	$14.0M	$21.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.014%: $3.29
Slippage, 4 orders: −$32.8
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$50.52
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; KuCoin: live order book, 11 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	0.93 bp	5.8 bp −$6	20.3 bp −$203	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	0.46 bp	18.1 bp −$18	33.1 bp −$331	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
Nado AVAX-PERP	−0.0295%	1h	10.778	+0.005%	$281K	$331K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.781	+0.029%	$3.7M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0099%	8h	10.775	−0.027%	$28.7M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	−0.132%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0004%	8h	10.778	0.000%	$13.6M	$28.6M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.770	−0.073%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.782	+0.037%	$4.9M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.785	+0.062%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0017%	1h	10.779	+0.010%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.167%	$17K	$151K	12x	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	+0.0093%	8h	10.762	−0.149%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.779	+0.012%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.773	−0.046%	$28K	$463K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.791	+0.117%	$37.0M	$40.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.780	+0.016%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.768	−0.091%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.779	+0.008%	$114.0M	$398.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.778	0.000%	$84.2M	$139.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.778	0.000%	$19.0M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.781	+0.028%	$53.1M	$78.9M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.780	+0.019%	$14.0M	$21.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.780	+0.019%	$32.8M	$45.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.778	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.783	+0.047%	$439K	$531K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	10.778	long leg	$340K	$1.2M	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.782	+0.037%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.778	0.000%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.787	+0.084%	$233K	$248K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.793	+0.135%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.777	−0.014%	$332K	$867K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.778	−0.001%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.775	−0.030%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	−0.074%	$850K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.767	−0.102%	$4.6M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.776	−0.015%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.785	+0.063%	$228K	—	120x	as long as short