Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: SoDEX against GRVT−0.216%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.216% cheaper against GRVT than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT AVAX_USDT_Perp	11.150	0.0100	pay 0.0100% / 8h	4h 43m	$356K	$835K	10x
Short	SoDEX AVAX-USD	11.126	0.0100	get 0.0013% / 1h	43m 16s	$19K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.216%Rate

Funding earned: $0
Price spread: −0.216% → 0.000%: −$21.61
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$38.61
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 15 min ago; SoDEX: 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, 15 min ago	2.25 bp	15.0 bp −$15	30.0 bp −$300	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.1423%	1h	11.100	−0.449%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0021%	1h	11.145	−0.046%	$287K	$373K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.122	−0.252%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.147	−0.024%	$98K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.125	−0.224%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.124	−0.230%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.140	−0.090%	$16K	$580K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.145	−0.045%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.147	−0.027%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.151	+0.004%	$291K	$114K	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	11.125	−0.221%	$118.0M	$427.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.123	−0.243%	$88.4M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.122	−0.252%	$20.3M	$115.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.136	−0.126%	$12.2M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.136	−0.126%	$47.9M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.141	−0.082%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.125	−0.225%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.124	−0.234%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.155	+0.044%	$337K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	−0.113%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perplong	+0.0100%	8h	11.150	long leg	$356K	$835K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	+0.026%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.139	−0.099%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.129	−0.189%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.155	+0.040%	$12K	$704K	20x	as long as short
SoDEX AVAX-USDshort	+0.0100%	1h	11.126	−0.216%	$19K	$72K	10x
HTX AVAX-USDT	+0.0100%	8h	11.124	−0.230%	$366K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.127	−0.207%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.120	−0.269%	$680K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.121	−0.256%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.126	−0.218%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.123	−0.243%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.133	−0.153%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	−0.152%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.132	−0.164%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0640%	1h	11.152	+0.013%	$43.4M	$42.3M	10x	as long as short