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: Popdex against GRVT−0.398%58s7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.312% of the position

Long on GRVT Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.521%+$52 · spread now −0.398%, 7d avg −0.014%

Together, before fees+0.516%+ Points / potential airdropGRVT: Active · farm board+$52 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: Popdex is 0.384% cheaper against GRVT than usual: you would sell low and buy high, −$38 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 58 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	10.775	0.0100	pay 0.0100% / 8h	2h 56m	$343K	$940K	10x
Short	Popdex AVAXUSDT	10.732	0.0096	get 0.0012% / 1h	56m 13s	$9K	$441K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.398%Rate

Funding earned: −$0.84
Price spread: −0.398% → −0.014%: −$38.44
Slippage, 4 orders: −$15.79
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$70.47
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from GRVT: live order book, 57 min ago; Popdex: live order book, 58 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, 57 min ago	1.82 bp	9.3 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Popdex live order book, 58 min ago	1.36 bp	5.7 bp −$6	19.6 bp −$196	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	−0.138%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.739	−0.334%	$4.1M	$11.1M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0122%	1h	10.735	−0.370%	$4.8M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.733	−0.386%	$94K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.737	−0.350%	$12K	—	150x	as long as short
Polymarket Perps AVAX-USD	+0.0012%	1h	10.733	−0.389%	$132K	$343K	10x	as long as short
Gate AVAX_USDT	+0.0044%	8h	10.731	−0.407%	$12.1M	$31.3M	75x	as long as short
Variational Omni AVAX	+0.0067%	8h	10.769	−0.058%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0089%	1h	10.730	−0.417%	$376K	$530K	15x	as long as short
Lighter AVAX	+0.0096%	1h	10.732	−0.399%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDTshort	+0.0096%	1h	10.732	−0.398%	$9K	$441K	50x
Paradex AVAX-USD-PERP	+0.0096%	8h	10.732	−0.400%	$12K	$212	20x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.728	−0.431%	$281K	$311K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.740	−0.324%	$40.3M	$40.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.728	−0.433%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.738	−0.346%	$270K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.733	−0.393%	$112.1M	$421.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.724	−0.472%	$79.9M	$142.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.729	−0.426%	$19.3M	$109.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.734	−0.380%	$43.5M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.733	−0.389%	$14.8M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.726	−0.454%	$31.9M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.728	−0.435%	—	$54.7M	—	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	10.775	long leg	$343K	$940K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.767	−0.073%	$173K	$664K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.741	−0.315%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.761	−0.127%	$11K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.733	−0.389%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.755	−0.188%	$357K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.736	−0.361%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.729	−0.426%	$664K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.739	−0.335%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.743	−0.296%	$880K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.729	−0.426%	$4.8M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.728	−0.437%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0272%	1h	10.736	−0.363%	$234K	—	120x	as long as short