Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h +0.033%

Price spread now: Reya against BloFin−0.155%46s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.155% cheaper against BloFin than usual: you would sell low and buy high (spread −0.155% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 19 days of funding at the current rate (+$1 a day). The two prices were read 46 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	BloFin AVAX-USDT	11.315	0.0216	pay 0.0216% / 8h	2h 11m	$5.0M	$8.6M	100x
Short	Reya AVAXRUSDPERP	11.297	0.0244	get 0.0030% / 1h	11m 53s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now −0.155%Rate

Funding earned: $5.84
Price spread: −0.155% → 0.000%: −$15.54
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$27.69
Costs to cover: 0.180%
Break-even: 40.2 days

Slippage unknown: BloFin: live order book, 7 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 BloFin live order book, 7 min ago	0.44 bp	9.1 bp −$9	15.0 bp −$150	32.9 bp −$3,294	75.3 bp −$37.7K
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
Deribit AVAX_USDC-PERPETUAL	−0.0192%	1h	11.297	−0.159%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0102%	8h	11.280	−0.309%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.306	−0.075%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.280	−0.309%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.304	−0.095%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.301	−0.125%	$16K	—	150x	as long as short
Gate AVAX_USDT	+0.0056%	8h	11.298	−0.150%	$12.7M	$40.4M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.324	+0.080%	$994K	$8.3M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0083%	8h	11.297	−0.159%	$20.3M	$149.0M	50x	as long as short
MEXC AVAX_USDT	+0.0095%	8h	11.295	−0.177%	$55.8M	$110.3M	200x	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	11.298	−0.148%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.299	−0.141%	$10K	$702K	50x	as long as short
Binance AVAXUSDT	+0.0097%	8h	11.295	−0.177%	$121.0M	$537.4M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.300	−0.135%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.302	−0.115%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.304	−0.093%	$300K	$121K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.300	−0.133%	$90.6M	$155.8M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.302	−0.115%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.297	−0.159%	$34.8M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.298	−0.150%	—	$90.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.298	−0.150%	$338K	$566K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.288	−0.239%	$357K	$909K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.295	−0.177%	$182K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.300	−0.133%	$133K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.307	−0.071%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.328	+0.118%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.296	−0.168%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.299	−0.146%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.301	−0.124%	$30.3M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.295	−0.173%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.293	−0.192%	$259K	—	3x	as long as short
BloFin AVAX-USDTlong	+0.0216%	8h	11.315	long leg	$5.0M	$8.6M	100x
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.297	−0.155%	$1K	—	20x
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.306	−0.077%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.300	−0.135%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0666%	1h	11.317	+0.018%	$44.0M	$58.9M	10x	as long as short