Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Pacifica against GRVT+0.390%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.660%−$66 · spread now +0.390%, 7d avg −0.042%

Together, before fees−0.627%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board−$63 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: Pacifica is 0.433% dearer against GRVT than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVAX_USDT_Perp	11.061	0.0100	pay 0.0100% / 8h	6h 53m	$351K	$844K	10x
Short	Pacifica AVAX	11.104	0.0100	get 0.0013% / 1h	53m 20s	$295K	$107K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.390%Rate

Funding earned: $0
Price spread: +0.390% → −0.042%: $43.28
Slippage, 4 orders: −$29.51
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$3.23
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from GRVT: live order book, 15 min ago; Pacifica: live order book, 15 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, 15 min ago	3.57 bp	11.1 bp −$11	19.8 bp −$198	doesn't fit	doesn't fit
Sell Pacifica live order book, 15 min ago	4.91 bp	12.5 bp −$12	22.8 bp −$228	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
Injective AVAX/USDC PERP	−0.1423%	1h	11.020	−0.373%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0021%	1h	11.084	+0.206%	$5.2M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.105	+0.392%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.115	+0.488%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0021%	1h	11.110	+0.436%	$290K	$525K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.095	+0.309%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.109	+0.432%	$17K	$606K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.101	+0.361%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.097	+0.328%	$2.3M	$1.4M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.104	+0.390%	$295K	$107K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.115	+0.486%	$118.3M	$473.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.116	+0.495%	$88.4M	$146.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.118	+0.513%	$19.8M	$128.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.106	+0.405%	$12.1M	$36.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.114	+0.477%	$48.7M	$81.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.111	+0.450%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.110	+0.441%	$33.5M	$52.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.114	+0.477%	—	$83.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.094	+0.296%	$355K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.074	+0.113%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.061	long leg	$351K	$844K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.143	+0.739%	$179K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.115	+0.486%	$130K	$369K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.125	+0.576%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.117	+0.501%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.084	+0.206%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.041	−0.182%	$360K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.087	+0.233%	$29.6M	$5.3M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.103	+0.377%	$664K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.081	+0.182%	$255K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.072	+0.097%	$5.0M	$6.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.112	+0.458%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.086	+0.228%	$4.3M	$12.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.090	+0.260%	$909K	$6.3M	50x	as long as short
Hyperliquid AVAX	+0.0396%	1h	11.122	+0.549%	$43.3M	$48.0M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.114	+0.479%	$236K	—	120x	as long as short