AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0145%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.065%

Price spread now: Reya against Backpack−0.151%7-day average — · you buy dearer than you sell

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

Long on Backpack 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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.151% cheaper against Backpack than usual: you would sell low and buy high (spread −0.151% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 3.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	10.686	0.0100	pay 0.0013% / 1h	38m 59s	$435K	$565K	15x
Short	Reya AVAXRUSDPERP	10.670	0.0245	get 0.0031% / 1h	38m 59s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.151%Rate

Funding earned: $30.37
Price spread: −0.151% → 0.000%: −$15.11
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$0.74
Costs to cover: 0.160%
Break-even: 7.2 days

Slippage unknown: Backpack: live order book, 5 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 Backpack live order book, 5 min ago	1.40 bp	11.8 bp −$12	45.8 bp −$458	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
Nado AVAX-PERP	−0.0177%	1h	10.666	−0.187%	$284K	$339K	10x	as long as short
Variational Omni AVAX	−0.0042%	8h	10.695	+0.081%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.675	−0.104%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.680	−0.056%	$4.8M	$7.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.677	−0.084%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.681	−0.047%	$12.7M	$32.1M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.692%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0081%	1h	10.678	−0.075%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.668	−0.164%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0092%	8h	10.680	−0.056%	$81.0M	$147.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.680	−0.056%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.671	−0.140%	$22K	$428K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.690	+0.037%	$37.3M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.686	−0.001%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.670	−0.148%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.684	−0.019%	$113.4M	$426.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.680	−0.056%	$18.7M	$112.5M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.685	−0.009%	$45.2M	$80.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.683	−0.028%	$13.7M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.682	−0.037%	$32.3M	$48.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.683	−0.028%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	10.686	long leg	$435K	$565K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.699	+0.126%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.704	+0.168%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.675	−0.103%	$135K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.684	−0.019%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.698	+0.112%	$11K	$765K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.695	+0.084%	$342K	$860K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.683	−0.028%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.680	−0.057%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.673	−0.122%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.687	+0.013%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.676	−0.094%	$932K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.670	−0.150%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.670	−0.151%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.687	+0.006%	$226K	—	120x	as long as short