Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Orderly against GRVT+0.177%7-day average +0.034% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.177%, 7d avg +0.034%

Together, before fees−0.172%+ Points / potential airdropGRVT: Active · farm board−$17 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: Orderly is 0.143% dearer against GRVT than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVAX_USDT_Perp	11.187	0.0100	pay 0.0100% / 8h	7h 13m	$353K	$847K	10x
Short	Orderly PERP_AVAX_USDC	11.207	0.0100	get 0.0100% / 8h	7h 13m	$197K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → +0.034%: $14.31
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.69
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 60 min ago; Orderly: no order-book sample. Net counts fees only.

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, 60 min ago	1.34 bp	7.6 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1363%	1h	11.140	−0.421%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0058%	1h	11.204	+0.151%	$294K	$730K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.200	+0.112%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.200	+0.115%	$5.3M	$8.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.202	+0.130%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.201	+0.124%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.204	+0.151%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.204	+0.155%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.207	+0.177%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.204	+0.149%	$297K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.202	+0.133%	$119.6M	$476.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.203	+0.142%	$89.0M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.201	+0.124%	$20.0M	$130.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.203	+0.142%	$12.1M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.202	+0.133%	$48.9M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.206	+0.168%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.202	+0.133%	$34.0M	$53.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.203	+0.142%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.206	+0.168%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.084%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.187	long leg	$353K	$847K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	+0.025%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.206	+0.168%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.207	+0.177%	$197K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.232	+0.400%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.198	+0.097%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.190	+0.029%	$362K	$937K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.202	+0.133%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.198	+0.098%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.196	+0.083%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.202	+0.133%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.188	+0.008%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.200	+0.113%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.209	+0.195%	$912K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.201	+0.125%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0682%	1h	11.217	+0.267%	$43.8M	$49.6M	10x	as long as short