AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.32 per $10,000 · paid last 24h −0.012%

Price spread now: GRVT against Phemex−0.184%77s7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.493% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.348%+$35 · spread now −0.184%, 7d avg −0.026%

Together, before fees+0.360%+ Points / potential airdropGRVT: Active · farm board+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. GRVT is 0.158% cheaper against Phemex than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of −0.026%). If the spread goes back, that is −$16 on $10k: about 16 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.012% in total) that is about 3 months. The two prices were read 77 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	Phemex AVAXUSDT	11.267	0.0068	pay 0.0068% / 8h	2h 28m	$30.2M	$4.8M	50x
Short	GRVT AVAX_USDT_Perp	11.246	0.0100	get 0.0100% / 8h	2h 28m	$356K	$910K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phemex. 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 PhemexbpFee GRVTbpOrdersPrice spread, now −0.184%Rate

Funding earned: $6.79
Price spread: −0.184% → −0.026%: −$15.79
Slippage, 4 orders: −$28.3
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$58.3
Costs to cover: 0.493%
Break-even: 67.1 days

Slippage from Phemex: live order book, 6 min ago; GRVT: live order book, 59 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 Phemex live order book, 6 min ago	1.78 bp	14.3 bp −$14	22.8 bp −$228	doesn't fit	doesn't fit
Sell GRVT live order book, 59 min ago	1.36 bp	11.0 bp −$11	24.2 bp −$242	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
Variational Omni AVAX	−0.0142%	8h	11.251	−0.142%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.267	0.000%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0096%	1h	11.266	−0.004%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.482%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.272	+0.040%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.269	+0.018%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.265	−0.015%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.282	+0.133%	$914K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0058%	8h	11.267	0.000%	$12.6M	$40.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0060%	8h	11.265	−0.018%	$20.1M	$148.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDTlong	+0.0068%	8h	11.267	long leg	$30.2M	$4.8M	50x
MEXC AVAX_USDT	+0.0079%	8h	11.268	+0.009%	$55.3M	$109.6M	200x	as long as short
Binance AVAXUSDT	+0.0082%	8h	11.264	−0.024%	$120.8M	$538.0M	75x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	11.273	+0.053%	$88.1M	$153.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.266	−0.009%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.268	+0.009%	$9K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.266	−0.012%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.270	+0.029%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.269	+0.020%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.271	+0.036%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.268	+0.009%	$34.7M	$61.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.266	−0.009%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.267	0.000%	$334K	$563K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.246	−0.184%	$356K	$910K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.249	−0.160%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.270	+0.027%	$131K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.275	+0.071%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.297	+0.263%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.265	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.262	−0.048%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.262	−0.045%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0200%	8h	11.263	−0.036%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.268	+0.006%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.276	+0.077%	$4.7M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.271	+0.033%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0559%	1h	11.287	+0.178%	$43.7M	$58.5M	10x	as long as short