Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.063%

Price spread now: GRVT against Reya−0.111%64s7-day average — · you buy dearer than you sell

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

Long on Reya Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.111% cheaper against Reya than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 64 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	Reya AVAXRUSDPERP	11.214	0.0244	pay 0.0030% / 1h	9m 52s	$1K	—	20x
Short	GRVT AVAX_USDT_Perp	11.202	0.0100	get 0.0100% / 8h	7h 09m	$353K	$847K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Reya. 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 ReyabpFee GRVTbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$30.23
Price spread: −0.111% → 0.000%: −$11.06
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$56.29
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; GRVT: live order book, 63 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 Reya no order-book sample	—	—	—	—	—
Sell GRVT live order book, 63 min ago	1.34 bp	8.6 bp −$9	14.7 bp −$147	doesn't fit	doesn't fit

Reya: 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	−0.1363%	1h	11.170	−0.395%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0063%	1h	11.218	+0.037%	$294K	$680K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.216	+0.014%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.205	−0.083%	$5.3M	$8.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.214	−0.003%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.205	−0.082%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.217	+0.024%	$15K	$609K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.212	−0.018%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.212	−0.022%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.218	+0.035%	$298K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.215	+0.006%	$119.7M	$475.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.216	+0.015%	$89.1M	$147.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.214	−0.003%	$20.0M	$130.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.207	−0.065%	$12.2M	$38.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.212	−0.021%	$51.0M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.217	+0.024%	$15.5M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.214	−0.003%	$34.1M	$53.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.214	−0.003%	—	$84.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.208	−0.056%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	−0.006%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.202	−0.111%	$353K	$847K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.190	−0.217%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.218	+0.033%	$132K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.217	+0.024%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.245	+0.273%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.202	−0.110%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.193	−0.191%	$364K	$944K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.207	−0.065%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.210	−0.038%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.200	−0.125%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.204	−0.093%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.210	−0.039%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.214	long leg	$1K	—	20x
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.229	+0.131%	$914K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.215	+0.010%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0672%	1h	11.224	+0.086%	$43.9M	$49.6M	10x	as long as short