Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.058%

Price spread now: Reya against Binance+0.017%7-day average — · you sell dearer than you buy

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

Long on Binance 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.321	0.0087	pay 0.0087% / 8h	2h 23m	$121.3M	$537.4M	75x
Short	Reya AVAXRUSDPERP	11.323	0.0244	get 0.0030% / 1h	23m 15s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now +0.017%Rate

Funding earned: $32.96
Price spread: +0.017% → 0.000%: $1.67
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $18.64
Costs to cover: 0.160%
Break-even: 3.0 days

Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago	0.44 bp	7.3 bp −$7	12.5 bp −$125	43.9 bp −$4,390	132.2 bp −$66.1K
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
Variational Omni AVAX	−0.0130%	8h	11.287	−0.296%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0103%	1h	11.326	+0.047%	$5.4M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0092%	1h	11.317	−0.032%	$299K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.280	−0.359%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.322	+0.013%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.326	+0.044%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0048%	1h	11.324	+0.030%	$672K	$2.2M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.339	+0.162%	$918K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0065%	8h	11.325	+0.039%	$12.7M	$40.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0066%	8h	11.325	+0.039%	$20.1M	$149.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0073%	8h	11.322	+0.012%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0086%	8h	11.326	+0.047%	$55.9M	$109.9M	200x	as long as short
Binance AVAXUSDTlong	+0.0087%	8h	11.321	long leg	$121.3M	$537.4M	75x
Lighter AVAX	+0.0096%	1h	11.324	+0.026%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.323	+0.021%	$7K	$703K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.325	+0.039%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.328	+0.063%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.326	+0.048%	$301K	$122K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.328	+0.065%	$89.7M	$154.7M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.330	+0.083%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.329	+0.074%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.324	+0.030%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.329	+0.074%	$336K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.296	−0.217%	$357K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.293	−0.244%	$182K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.326	+0.047%	$132K	$479K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.333	+0.109%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.354	+0.292%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.327	+0.056%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.326	+0.052%	$364K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.320	−0.002%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0207%	8h	11.317	−0.032%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.323	+0.017%	$1K	—	20x
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.334	+0.120%	$4.6M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.325	+0.038%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0605%	1h	11.344	+0.206%	$44.3M	$58.6M	10x	as long as short