Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: GRVT against MEXC−0.170%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on MEXC Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.190%+$19 · spread now −0.170%, 7d avg +0.014%

Together, before fees+0.223%+ Points / potential airdropGRVT: Active · farm board+$22 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 0.185% cheaper against MEXC 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	MEXC AVAX_USDT	11.272	0.0100	pay 0.0100% / 8h	51m 19s	$51.4M	$93.0M	200x
Short	GRVT AVAX_USDT_Perp	11.253	0.0100	get 0.0100% / 8h	51m 19s	$359K	$877K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against MEXC. 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 MEXCbpFee GRVTbpOrdersPrice spread, now −0.170%Rate

Funding earned: $0
Price spread: −0.170% → +0.014%: −$18.47
Slippage, 4 orders: −$10.76
Fee MEXC: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$38.23
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; GRVT: live order book, 27 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 MEXC live order book, 3 min ago	0.44 bp	2.1 bp −$2	4.5 bp −$45	35.2 bp −$3,522	95.4 bp −$47.7K
Sell GRVT live order book, 27 min ago	1.78 bp	10.9 bp −$11	19.2 bp −$192	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	−0.1451%	1h	11.200	−0.639%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0105%	1h	11.265	−0.062%	$297K	$888K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.271	−0.009%	$5.4M	$9.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.266	−0.051%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.273	+0.008%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0042%	8h	11.222	−0.444%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.270	−0.021%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.272	0.000%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.264	−0.068%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.274	+0.019%	$2.3M	$1.8M	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	11.268	−0.037%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.265	−0.064%	$120.4M	$520.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.266	−0.053%	$89.6M	$156.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.265	−0.062%	$20.3M	$145.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.271	−0.009%	$12.3M	$40.0M	75x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.272	long leg	$51.4M	$93.0M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.278	+0.053%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.273	+0.009%	$34.4M	$59.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.272	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.265	−0.062%	$360K	$569K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.253	−0.170%	$359K	$877K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.266	−0.053%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.274	+0.018%	$134K	$457K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.281	+0.080%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.291	+0.168%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.271	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.271	−0.013%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.269	−0.027%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.270	−0.020%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.273	+0.010%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.269	−0.027%	$5.0M	$7.8M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.270	−0.017%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0269%	1h	11.275	+0.027%	$4.6M	$13.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.278	+0.053%	$919K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0417% / S −0.0268%	1h	11.272	−0.002%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0807%	1h	11.291	+0.169%	$43.7M	$55.2M	10x	as long as short