AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.38 per $10,000 · paid last 24h +0.012%

Price spread now: Phemex against GRVT+0.264%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 3 days (all we have)−0.429%−$43 · spread now +0.264%, 7d avg +0.026%

Together, before fees−0.441%+ Points / potential airdropGRVT: Active · farm board−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.238% dearer against GRVT than usual: you sell high and buy low (spread +0.264% now, against its 7-day average of +0.026%): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (−0.012% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVAX_USDT_Perp	11.246	0.0100	pay 0.0100% / 8h	2h 29m	$356K	$910K	10x
Short	Phemex AVAXUSDT	11.276	0.0062	get 0.0062% / 8h	2h 29m	$30.2M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.264%Rate

Funding earned: −$7.9
Price spread: +0.264% → +0.026%: $23.83
Slippage, 4 orders: −$28.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$33.37
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from GRVT: live order book, 58 min ago; Phemex: 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, 58 min ago	1.36 bp	6.9 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.78 bp	17.1 bp −$17	25.6 bp −$256	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
Variational Omni AVAX	−0.0142%	8h	11.251	+0.042%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.276	+0.264%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0100%	1h	11.274	+0.244%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.301%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.278	+0.281%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.278	+0.280%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.276	+0.261%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.275	+0.255%	$914K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0058%	8h	11.273	+0.237%	$12.7M	$40.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0059%	8h	11.276	+0.264%	$20.1M	$148.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDTshort	+0.0062%	8h	11.276	+0.264%	$30.2M	$4.8M	50x
MEXC AVAX_USDT	+0.0077%	8h	11.271	+0.219%	$55.1M	$109.5M	200x	as long as short
Binance AVAXUSDT	+0.0080%	8h	11.274	+0.246%	$120.9M	$537.9M	75x	as long as short
Bybit AVAXUSDT	+0.0086%	8h	11.280	+0.299%	$88.2M	$153.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.272	+0.228%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.272	+0.228%	$9K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.271	+0.216%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.275	+0.254%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.275	+0.255%	$300K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.273	+0.237%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.276	+0.264%	$34.7M	$61.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.273	+0.237%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.276	+0.264%	$334K	$562K	15x	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.246	long leg	$356K	$910K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.249	+0.024%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.274	+0.246%	$131K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.284	+0.335%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.300	+0.474%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.272	+0.228%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.267	+0.187%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.274	+0.242%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0198%	8h	11.246	−0.003%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.269	+0.202%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.281	+0.307%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.276	+0.260%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0549%	1h	11.289	+0.380%	$43.7M	$58.5M	10x	as long as short