Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against GRVT+0.113%78s7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as 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−$260.255% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 7 days−0.191%−$19 · spread now +0.113%, 7d avg −0.048%

Together, before fees−0.337%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$34 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: Lighter is 0.161% dearer against GRVT than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.048%. The two prices were read 78 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	10.706	0.0100	pay 0.0100% / 8h	0m 01s	$336K	$1.2M	10x
Short	Lighter AVAX	10.718	0.0096	get 0.0012% / 1h	0m 01s	$1.2M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$0.84
Price spread: +0.113% → −0.048%: $16.14
Slippage, 4 orders: −$16.52
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.22
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; Lighter: 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, 3 min ago	1.40 bp	9.8 bp −$10	17.3 bp −$173	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	2.29 bp	3.8 bp −$4	14.9 bp −$149	79.6 bp −$7,958	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	−0.0216%	1h	10.712	+0.057%	$289K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.719	+0.125%	$3.8M	$11.5M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	+0.002%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.714	+0.073%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.720	+0.132%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.718	+0.109%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0008%	8h	10.722	+0.151%	$13.3M	$30.9M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.506%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.711	+0.049%	$12K	$212	20x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.718	+0.113%	$1.2M	$2.4M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.713	+0.067%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.732	+0.244%	$36.8M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.729	+0.213%	$2.2M	$888K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.718	+0.115%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.734	+0.263%	$113.5M	$402.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.733	+0.253%	$82.0M	$138.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.731	+0.235%	$18.8M	$107.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.717	+0.104%	$53.0M	$81.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.714	+0.076%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.735	+0.272%	$32.8M	$46.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.722	+0.151%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.727	+0.197%	$437K	$545K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	10.706	long leg	$336K	$1.2M	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.713	+0.067%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.714	+0.076%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.724	+0.169%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.743	+0.350%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.716	+0.095%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.716	+0.099%	$326K	$857K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.717	+0.104%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.728	+0.206%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.711	+0.049%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.712	+0.057%	$4.7M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.723	+0.160%	$851K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.711	+0.049%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.717	+0.100%	$226K	—	120x	as long as short