Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against KuCoin−0.167%7-day average +0.014% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 7 days+0.149%+$15 · spread now −0.167%, 7d avg +0.014%

Together, before fees+0.234%+ 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: GRVT is 0.181% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	10.787	0.0100	pay 0.0100% / 8h	7h 47m	$14.0M	$21.5M	75x
Short	GRVT AVAX_USDT_Perp	10.769	0.0100	get 0.0100% / 8h	7h 47m	$340K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against KuCoin. 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 KuCoinbpFee GRVTbpOrdersPrice spread, now −0.167%Rate

Funding earned: $0
Price spread: −0.167% → +0.014%: −$18.1
Slippage, 4 orders: −$22.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$61.2
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; GRVT: live order book, 1 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 KuCoin live order book, 2 min ago	0.93 bp	16.4 bp −$16	27.0 bp −$270	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	2.78 bp	9.8 bp −$10	17.4 bp −$174	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
Nado AVAX-PERP	−0.0289%	1h	10.789	+0.014%	$281K	$331K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.790	+0.028%	$3.7M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0123%	8h	10.787	0.000%	$28.8M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	−0.216%	$3.0M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.789	+0.019%	$4.9M	$6.8M	25x	as long as short
Gate AVAX_USDT	−0.0004%	8h	10.789	+0.019%	$13.6M	$28.6M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.785	−0.022%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.796	+0.079%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0002%	1h	10.786	−0.009%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.250%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0093%	8h	10.786	−0.012%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.787	−0.003%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.788	+0.009%	$28K	$463K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.802	+0.139%	$37.0M	$40.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.792	+0.047%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.785	−0.017%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.792	+0.046%	$114.2M	$398.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.791	+0.037%	$84.3M	$138.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.789	+0.019%	$19.0M	$107.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.788	+0.009%	$53.1M	$78.9M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.787	long leg	$14.0M	$21.5M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.789	+0.019%	$32.8M	$45.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.790	+0.028%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.783	−0.037%	$439K	$531K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	10.769	−0.167%	$340K	$1.2M	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	10.769	−0.167%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.795	+0.074%	$136K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.798	+0.102%	$233K	$248K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.815	+0.255%	$12K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.787	+0.005%	$333K	$867K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.784	−0.030%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.784	−0.025%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	−0.158%	$850K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.787	0.000%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.786	−0.008%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.785	−0.021%	$228K	—	120x	as long as short