Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: SunX against GRVT+1.032%74s7-day average +0.272% · you sell dearer than you buy

Net, funding: paid 7d − costs−$173as in the Funding arb table

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

costs, in and out, $10k−$1751.751% of the position

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.837%−$84 · spread now +1.032%, 7d avg +0.272%

Together, before fees−0.819%+ Points / potential airdropGRVT: Active · farm board−$82 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: SunX is 0.760% dearer against GRVT than usual: you sell high and buy low, +$76 on $10k if it goes back to its 7-day average of +0.272%. The two prices were read 74 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	10.527	0.0100	pay 0.0100% / 8h	2h 18m	$337K	$978K	10x
Short	SunX AVAX-USDT	10.636	0.0100	get 0.0100% / 8h	2h 18m	$11K	$760K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +1.032%Rate

Funding earned: $0
Price spread: +1.032% → +0.272%: $75.99
Slippage, 4 orders: −$158.1
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$99.11
Costs to cover: 1.751%
Break-even: never at this rate

Slippage from GRVT: live order book, 30 min ago; SunX: live order book, 54 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, 30 min ago	1.89 bp	10.1 bp −$10	16.3 bp −$163	doesn't fit	doesn't fit
Sell SunX live order book, 54 min ago	41.87 bp	102.8 bp −$103	doesn't fit	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	−0.0281%	1h	10.612	+0.805%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0052%	1h	10.614	+0.831%	$285K	$342K	10x	as long as short
Variational Omni AVAX	−0.0027%	8h	10.535	+0.073%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.612	+0.811%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.610	+0.788%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.610	+0.785%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0019%	8h	10.607	+0.760%	$12.3M	$32.8M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0062%	1h	10.604	+0.731%	$420K	$588K	15x	as long as short
Bybit AVAXUSDT	+0.0064%	8h	10.592	+0.617%	$78.1M	$145.3M	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	10.607	+0.763%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.616	+0.845%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.608	+0.765%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.610	+0.788%	$37.7M	$44.2M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.606	+0.748%	$2.1M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.610	+0.788%	$266K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.601	+0.702%	$113.7M	$432.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.595	+0.646%	$18.7M	$112.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.604	+0.731%	$43.7M	$80.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.605	+0.741%	$13.2M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.600	+0.693%	$32.1M	$49.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.602	+0.712%	—	$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
Polymarket Perps AVAX-USD	+0.0100%	1h	10.616	+0.845%	$132K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.616	+0.845%	$215K	$327K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.636	+1.032%	$11K	$760K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.608	+0.769%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.617	+0.858%	$345K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.608	+0.769%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.601	+0.701%	$636K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.607	+0.755%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.614	+0.826%	$944K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.613	+0.817%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.612	+0.806%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.608	+0.772%	$232K	—	120x	as long as short