Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Polymarket Perps against GRVT+0.228%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on GRVT Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now +0.228%, 7d avg +0.027%

Together, before fees−0.230%+ Points / potential airdropGRVT: Active · farm board−$23 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: Polymarket Perps is 0.201% dearer against GRVT than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVAX_USDT_Perp	10.527	0.0100	pay 0.0100% / 8h	2h 21m	$337K	$978K	10x
Short	Polymarket Perps AVAX-USD	10.551	0.0096	get 0.0012% / 1h	21m 27s	$131K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.228%Rate

Funding earned: −$0.84
Price spread: +0.228% → +0.027%: $20.07
Slippage, 4 orders: −$14.98
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.76
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from GRVT: live order book, 27 min ago; Polymarket Perps: live order book, 26 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, 27 min ago	1.89 bp	10.1 bp −$10	16.3 bp −$163	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 26 min ago	2.84 bp	8.2 bp −$8	9.9 bp −$99	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	10.760	+2.213%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.548	+0.199%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0054%	1h	10.546	+0.185%	$286K	$340K	10x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	+0.074%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.552	+0.234%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.541	+0.133%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.537	+0.098%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0010%	1h	10.546	+0.180%	$367K	$563K	15x	as long as short
Gate AVAX_USDT	+0.0019%	8h	10.545	+0.171%	$12.2M	$32.7M	75x	as long as short
Bybit AVAXUSDT	+0.0070%	8h	10.546	+0.180%	$77.9M	$145.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.548	+0.203%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.557	+0.285%	$18K	$437K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0096%	1h	10.551	+0.228%	$131K	$354K	10x
Paradex AVAX-USD-PERP	+0.0096%	8h	10.545	+0.171%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.559	+0.304%	$37.8M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.551	+0.231%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.550	+0.218%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.557	+0.286%	$112.4M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.552	+0.237%	$18.5M	$111.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.554	+0.256%	$43.6M	$80.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.545	+0.171%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.548	+0.199%	$32.0M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.553	+0.247%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	10.527	long leg	$337K	$978K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.532	+0.047%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.542	+0.142%	$167K	$300K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.569	+0.404%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.543	+0.152%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.550	+0.222%	$343K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.542	+0.142%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.549	+0.209%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.540	+0.120%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.545	+0.171%	$835K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.532	+0.047%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.546	+0.179%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.536	+0.082%	$230K	—	120x	as long as short