Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: GRVT against Polymarket Perps+0.469%63s7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as 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−$390.391% of the position

Long on Polymarket Perps 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 4 days (all we have)−0.451%−$45 · spread now +0.469%, 7d avg −0.030%

Together, before fees−0.418%+ Points / potential airdropGRVT: Active · farm board−$42 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 0.499% dearer against Polymarket Perps than usual: you sell high and buy low, +$50 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 63 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	Polymarket Perps AVAX-USD	11.085	0.0100	pay 0.0013% / 1h	50m 29s	$130K	$349K	10x
Short	GRVT AVAX_USDT_Perp	11.137	0.0100	get 0.0100% / 8h	4h 50m	$355K	$835K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Polymarket Perps. 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 Polymarket PerpsbpFee GRVTbpOrdersPrice spread, now +0.469%Rate

Funding earned: $0
Price spread: +0.469% → −0.030%: $49.93
Slippage, 4 orders: −$22.14
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $10.8
Costs to cover: 0.391%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 7 min ago; GRVT: live order book, 7 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 Polymarket Perps live order book, 7 min ago	2.69 bp	6.7 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell GRVT live order book, 7 min ago	2.25 bp	8.6 bp −$9	14.7 bp −$147	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	−0.1423%	1h	11.090	+0.045%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.086	+0.009%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.077	−0.076%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.082	−0.026%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0009%	1h	11.080	−0.045%	$285K	$394K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0058%	1h	11.137	+0.469%	$179K	$673K	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.073	−0.105%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.076	−0.081%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.082	−0.023%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.075	−0.090%	$2.3M	$1.1M	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	11.083	−0.020%	$289K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.080	−0.045%	$117.8M	$427.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.078	−0.063%	$88.2M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.078	−0.063%	$20.2M	$115.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.082	−0.027%	$12.1M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.085	0.000%	$48.2M	$77.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.086	+0.009%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.081	−0.036%	$33.3M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.084	−0.009%	—	$80.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.091	+0.054%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	+0.050%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.137	+0.469%	$355K	$835K	10x
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.085	long leg	$130K	$349K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.084	−0.009%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.126	+0.373%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.090	+0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.111	+0.233%	$365K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.094	+0.081%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.069	−0.143%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.090	+0.043%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.093	+0.070%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	+0.072%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.105	+0.180%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.081	−0.038%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.083	−0.021%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0695%	1h	11.100	+0.135%	$43.3M	$42.2M	10x	as long as short