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 +0.028%

Price spread now: GRVT against Orderly−0.031%7-day average −0.032% · you buy dearer than you sell

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

Long on Orderly Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now −0.031%, 7d avg −0.032%

Together, before fees+0.175%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.243	0.0100	pay 0.0100% / 8h	2h 33m	$202K	$302K	20x
Short	GRVT AVAX_USDT_Perp	11.240	0.0100	get 0.0100% / 8h	2h 33m	$356K	$910K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Orderly. 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 OrderlybpFee GRVTbpOrdersPrice spread, now −0.031%Rate

Funding earned: $0
Price spread: −0.031% → −0.032%: $0.08
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$14.92
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 54 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 Orderly no order-book sample	—	—	—	—	—
Sell GRVT live order book, 54 min ago	1.36 bp	11.0 bp −$11	24.2 bp −$242	doesn't fit	doesn't fit

Orderly: 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
Deribit AVAX_USDC-PERPETUAL	−0.0195%	1h	11.238	−0.044%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0155%	8h	11.233	−0.088%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0108%	1h	11.238	−0.044%	$297K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.272%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.242	−0.009%	$99K	$115K	10x	as long as short
Extended AVAX-USD	0.0000%	1h	11.236	−0.060%	$669K	$2.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.239	−0.038%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0051%	8h	11.239	−0.036%	$12.6M	$39.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0055%	8h	11.237	−0.053%	$20.0M	$147.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.243	0.000%	$911K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0059%	8h	11.240	−0.027%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0074%	8h	11.236	−0.062%	$53.5M	$109.1M	200x	as long as short
Binance AVAXUSDT	+0.0075%	8h	11.236	−0.062%	$120.6M	$537.7M	75x	as long as short
Bybit AVAXUSDT	+0.0076%	8h	11.242	−0.009%	$86.6M	$152.4M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.235	−0.070%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.237	−0.054%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.236	−0.062%	$9K	$701K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.235	−0.069%	$258K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.240	−0.027%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.242	−0.010%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.242	−0.009%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.239	−0.036%	$34.5M	$61.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.239	−0.036%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.239	−0.036%	$333K	$560K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.240	−0.031%	$356K	$910K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.252	+0.080%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.239	−0.036%	$130K	$483K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.243	long leg	$202K	$302K	20x
SunX AVAX-USDT	+0.0100%	8h	11.264	+0.182%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.237	−0.053%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.236	−0.067%	$360K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0195%	8h	11.241	−0.018%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.236	−0.062%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.247	+0.034%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.239	−0.034%	$242K	—	120x	as long as short
Hyperliquid AVAX	+0.0510%	1h	11.257	+0.125%	$43.4M	$58.4M	10x	as long as short