Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against SunX−0.461%74s7-day average −0.269% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as 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−$1741.735% of the position

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 3 days (all we have)+0.220%+$22 · spread now −0.461%, 7d avg −0.269%

Together, before fees+0.186%+ Points / potential airdropGRVT: Active · farm board+$19 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 0.192% cheaper against SunX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.269%. 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	SunX AVAX-USDT	11.211	0.0100	pay 0.0100% / 8h	7h 15m	$12K	$719K	20x
Short	GRVT AVAX_USDT_Perp	11.159	0.0100	get 0.0100% / 8h	7h 15m	$352K	$847K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against SunX. 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 SunXbpFee GRVTbpOrdersPrice spread, now −0.461%Rate

Funding earned: $0
Price spread: −0.461% → −0.269%: −$19.2
Slippage, 4 orders: −$156.53
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$192.73
Costs to cover: 1.735%
Break-even: never at this rate

Slippage from SunX: live order book, 36 min ago; GRVT: live order book, 57 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 SunX live order book, 36 min ago	41.89 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 57 min ago	1.34 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	−0.1363%	1h	11.120	−0.810%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.181	−0.266%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0056%	1h	11.179	−0.284%	$293K	$732K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.181	−0.267%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.180	−0.277%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.184	−0.239%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	−0.284%	$15K	$612K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.179	−0.283%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.183	−0.251%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.181	−0.265%	$297K	$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	11.188	−0.203%	$119.5M	$476.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.190	−0.186%	$89.1M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.187	−0.212%	$20.0M	$131.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.185	−0.230%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.187	−0.212%	$48.8M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.185	−0.230%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.193	−0.159%	$34.0M	$53.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.186	−0.221%	—	$85.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.187	−0.212%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.295%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perpshort	+0.0100%	8h	11.159	−0.461%	$352K	$847K	10x
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	−0.426%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.182	−0.257%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.187	−0.212%	$197K	$313K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.211	long leg	$12K	$719K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.185	−0.230%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.176	−0.310%	$362K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.187	−0.212%	$30.0M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.188	−0.203%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.179	−0.284%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.187	−0.215%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.173	−0.337%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.180	−0.276%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.498%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.178	−0.293%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0688%	1h	11.199	−0.105%	$43.7M	$49.6M	10x	as long as short