Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.022%

Price spread now: GRVT against SoDEX+0.099%74s7-day average — · you sell dearer than you buy

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

Long on SoDEX 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 airdropGRVT: 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 0.099% dearer against SoDEX than usual: you sell high and buy low, +$10 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 74 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	SoDEX AVAX-USD	11.250	0.0100	pay 0.0013% / 1h	30m 00s	$19K	$72K	10x
Short	GRVT AVAX_USDT_Perp	11.261	0.0100	get 0.0100% / 8h	1h 30m	$360K	$898K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SoDEX. 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 SoDEXbpFee GRVTbpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → 0.000%: $9.88
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$7.12
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; GRVT: live order book, 53 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 SoDEX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 53 min ago	0.44 bp	10.1 bp −$10	22.1 bp −$221	doesn't fit	doesn't fit

SoDEX: 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	−0.0570%	1h	11.210	−0.356%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.250	0.000%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0017%	1h	11.241	−0.080%	$297K	$895K	10x	as long as short
Variational Omni AVAX	−0.0016%	8h	11.259	+0.081%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.251	+0.005%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.252	+0.020%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.252	+0.021%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	−0.027%	$16K	$691K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.237	−0.116%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.254	+0.036%	$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	11.247	−0.027%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.257	+0.062%	$120.4M	$526.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.257	+0.062%	$88.9M	$157.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.257	+0.062%	$20.3M	$146.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.251	+0.009%	$12.6M	$40.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.250	0.000%	$52.2M	$100.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.256	+0.053%	$16.4M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.256	+0.053%	$34.2M	$60.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.250	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.252	+0.018%	$360K	$570K	15x	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.261	+0.099%	$360K	$898K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.282	+0.284%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	+0.018%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.255	+0.044%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.190%	$12K	$730K	20x	as long as short
SoDEX AVAX-USDlong	+0.0100%	1h	11.250	long leg	$19K	$72K	10x
HTX AVAX-USDT	+0.0100%	8h	11.252	+0.013%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.249	−0.009%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.252	+0.017%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.254	+0.037%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.257	+0.062%	$909K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.243	−0.062%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	−0.017%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0403% / S −0.0247%	1h	11.252	+0.021%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0614%	1h	11.269	+0.169%	$43.6M	$57.2M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.258	+0.069%	$4.6M	$13.5M	50x	as long as short