Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0145%/8h= +15.8% APRpaid last 24h +0.052%

Price spread now: Reya against Aster−0.047%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Reya

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 airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.047% cheaper against Aster than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 26 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	10.541	0.0100	pay 0.0100% / 8h	2h 22m	$2.1M	$1.1M	75x
Short	Reya AVAXRUSDPERP	10.536	0.0245	get 0.0031% / 1h	22m 09s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now −0.047%Rate

Funding earned: $30.35
Price spread: −0.047% → 0.000%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $11.6
Costs to cover: 0.140%
Break-even: 4.3 days

Slippage unknown: Aster: live order book, 1 min ago; Reya: no order-book sample. 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 Aster live order book, 1 min ago	1.90 bp	8.2 bp −$8	17.8 bp −$178	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−0.1423%	1h	10.760	+2.079%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.548	+0.068%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0049%	1h	10.537	−0.042%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−0.058%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.528	−0.118%	$87K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.541	+0.001%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.537	−0.034%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0013%	1h	10.523	−0.170%	$366K	$563K	15x	as long as short
Gate AVAX_USDT	+0.0020%	8h	10.537	−0.037%	$12.2M	$32.7M	75x	as long as short
Bybit AVAXUSDT	+0.0070%	8h	10.538	−0.027%	$77.8M	$145.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USD	+0.0089%	1h	10.539	−0.018%	$131K	$354K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.542	+0.011%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.540	−0.008%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.530	−0.107%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.546	+0.049%	$37.8M	$44.0M	10x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	10.541	long leg	$2.1M	$1.1M	75x
Pacifica AVAX	+0.0100%	1h	10.537	−0.041%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.547	+0.059%	$112.3M	$430.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.545	+0.039%	$18.5M	$111.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.548	+0.068%	$43.6M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.541	+0.001%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.540	−0.008%	$32.0M	$49.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.537	−0.037%	—	$54.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.547	+0.058%	$338K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	+0.172%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.542	+0.011%	$167K	$300K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.569	+0.272%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.543	+0.020%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.550	+0.090%	$343K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.542	+0.011%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.538	−0.031%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.540	−0.011%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.545	+0.039%	$835K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.532	−0.084%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.536	−0.047%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.536	−0.050%	$230K	—	120x	as long as short