Funding arb · Price arb /

AVAX

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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 −0.012%

Price spread now: GRVT against Paradex−0.195%51s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · GRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.195% cheaper against Paradex than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 51 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	Paradex AVAX-USD-PERP	11.275	0.0100	pay 0.0100% / 8h	50m 38s	$13K	$766	20x
Short	GRVT AVAX_USDT_Perp	11.253	0.0100	get 0.0100% / 8h	50m 38s	$359K	$877K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Paradex. 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 ParadexbpFee GRVTbpOrdersPrice spread, now −0.195%Rate

Funding earned: $0.09
Price spread: −0.195% → 0.000%: −$19.46
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$32.38
Costs to cover: 0.130%
Break-even: 2609.9 days

Slippage unknown: Paradex: no order-book sample; GRVT: live order book, 27 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 Paradex no order-book sample	—	—	—	—	—
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

Paradex: 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
Injective AVAX/USDC PERP	−0.1451%	1h	11.200	−0.663%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0105%	1h	11.265	−0.086%	$297K	$888K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.271	−0.033%	$5.4M	$9.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.274	−0.004%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.273	−0.016%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0042%	8h	11.222	−0.468%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.278	+0.031%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.272	−0.024%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.275	long leg	$13K	$766	20x
Aster AVAXUSDT	+0.0100%	8h	11.270	−0.040%	$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	11.279	+0.041%	$300K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.276	+0.013%	$120.6M	$520.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.269	−0.051%	$89.6M	$156.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.264	−0.095%	$20.3M	$145.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.266	−0.078%	$12.3M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.265	−0.086%	$51.4M	$93.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.279	+0.038%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.262	−0.113%	$34.3M	$59.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.261	−0.122%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.267	−0.069%	$360K	$569K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.253	−0.195%	$359K	$877K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.266	−0.078%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.274	−0.007%	$134K	$457K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.281	+0.055%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.291	+0.143%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.271	−0.033%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.271	−0.038%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.269	−0.051%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.256	−0.163%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.273	−0.014%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.269	−0.051%	$5.0M	$7.8M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.270	−0.042%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0269%	1h	11.275	+0.002%	$4.6M	$13.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.278	+0.029%	$919K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0417% / S −0.0268%	1h	11.272	−0.026%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0816%	1h	11.293	+0.162%	$43.7M	$55.2M	10x	as long as short