Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: MEXC against GRVT+0.225%97s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as 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−$200.197% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 7 days−0.245%−$24 · spread now +0.225%, 7d avg −0.014%

Together, before fees−0.277%+ Points / potential airdropGRVT: Active · farm board−$28 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: MEXC is 0.239% dearer against GRVT than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 97 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	11.255	0.0100	pay 0.0100% / 8h	1h 33m	$360K	$898K	10x
Short	MEXC AVAX_USDT	11.280	0.0100	get 0.0100% / 8h	1h 33m	$52.2M	$100.0M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.225%Rate

Funding earned: $0
Price spread: +0.225% → −0.014%: $23.91
Slippage, 4 orders: −$10.69
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $4.23
Costs to cover: 0.197%
Break-even: from the start

Slippage from GRVT: live order book, 49 min ago; MEXC: live order book, 5 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, 49 min ago	0.44 bp	7.7 bp −$8	17.9 bp −$179	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.44 bp	1.0 bp −$1	1.9 bp −$19	20.7 bp −$2,067	95.8 bp −$47.9K

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	−0.0570%	1h	11.220	−0.308%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0025%	8h	11.253	−0.013%	$3.0M	$2.4M	—	as long as short
Nado AVAX-PERP	−0.0001%	1h	11.265	+0.091%	$297K	$896K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.268	+0.120%	$99K	$107K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.281	+0.234%	$5.4M	$9.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.276	+0.193%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.272	+0.153%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.264	+0.083%	$16K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.276	+0.191%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.276	+0.189%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.271	+0.142%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.281	+0.234%	$120.6M	$526.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.278	+0.207%	$88.4M	$157.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.281	+0.234%	$20.3M	$146.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.275	+0.180%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	11.280	+0.225%	$52.2M	$100.0M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.282	+0.243%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.281	+0.234%	$34.3M	$60.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.282	+0.243%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.271	+0.145%	$360K	$571K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.255	long leg	$360K	$898K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.258	+0.029%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.268	+0.118%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.285	+0.269%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.293	+0.345%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.279	+0.216%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.278	+0.211%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.267	+0.109%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.280	+0.224%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.282	+0.245%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.283	+0.251%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.268	+0.118%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.262	+0.067%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0402% / S −0.0245%	1h	11.274	+0.174%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0600%	1h	11.287	+0.287%	$43.7M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0627%	1h	11.286	+0.281%	$4.6M	$13.5M	50x	as long as short