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 −0.067%

Price spread now: Variational Omni against GRVT−0.131%104s7-day average −0.038% · you buy dearer than you sell

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.135%−$13 on $10k

Price spread, last 7 days+0.111%+$11 · spread now −0.131%, 7d avg −0.038%

Together, before fees−0.024%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$2 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: Variational Omni is 0.093% cheaper against GRVT than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.038%. The two prices were read 104 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	10.945	0.0100	pay 0.0100% / 8h	3h 31m	$354K	$923K	10x
Short	Variational Omni AVAX	10.931	0.0100	get 0.0100% / 8h	3h 31m	$2.9M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → −0.038%: −$9.28
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.28
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 21 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 21 min ago	1.82 bp	9.3 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.20 bp	doesn't fit	10.0 bp −$100	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	−0.1421%	1h	10.900	−0.411%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.939	−0.053%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.935	−0.091%	$5.0M	$7.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.938	−0.065%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.938	−0.065%	$4.2M	$11.2M	50x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.933	−0.109%	$284K	$318K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.935	−0.088%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.937	−0.073%	$15K	$452K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.935	−0.087%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.939	−0.051%	$2.2M	$1.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	10.938	−0.059%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.936	−0.082%	$115.0M	$427.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.930	−0.136%	$83.1M	$140.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.935	−0.091%	$20.0M	$112.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.931	−0.127%	$12.1M	$32.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.934	−0.100%	$45.3M	$78.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.938	−0.063%	$15.3M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.937	−0.073%	$33.0M	$47.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.931	−0.127%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.934	−0.100%	$372K	$549K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	10.931	−0.131%	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perplong	+0.0100%	8h	10.945	long leg	$354K	$923K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.963	+0.165%	$176K	$668K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.936	−0.082%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.942	−0.027%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.967	+0.205%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.936	−0.082%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.938	−0.066%	$364K	$770K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.937	−0.073%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.930	−0.138%	$675K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.938	−0.059%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.944	−0.009%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.944	−0.009%	$891K	$5.1M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.933	−0.108%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0328%	1h	10.947	+0.019%	$42.0M	$41.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.938	−0.060%	$232K	—	120x	as long as short