Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.060%

Price spread now: Reya against Bybit+0.032%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.032% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	10.916	0.0100	pay 0.0100% / 8h	7h 03m	$85.3M	$135.7M	75x
Short	Reya AVAXRUSDPERP	10.919	0.0245	get 0.0031% / 1h	3m 47s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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 BybitbpFee ReyabpOrdersPrice spread, now +0.032%Rate

Funding earned: $30.43
Price spread: +0.032% → 0.000%: $3.19
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $16.62
Costs to cover: 0.170%
Break-even: 3.2 days

Slippage unknown: Bybit: 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 Bybit live order book, 5 min ago	0.46 bp	7.9 bp −$8	15.2 bp −$152	40.6 bp −$4,059	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
Kraken Futures PF_AVAXUSD	−0.0262%	1h	10.930	+0.128%	$3.8M	$11.5M	50x	as long as short
Phemex AVAXUSDT	−0.0161%	8h	10.915	−0.009%	$29.1M	$5.6M	50x	as long as short
Nado AVAX-PERP	−0.0155%	1h	10.921	+0.050%	$275K	$311K	10x	as long as short
Variational Omni AVAX	−0.0092%	8h	10.907	−0.085%	$3.0M	$2.2M	—	as long as short
SoDEX AVAX-USD	−0.0068%	1h	10.922	+0.055%	$19K	$68K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.925	+0.079%	$93K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.929	+0.119%	$5.0M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.920	+0.038%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.429%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.919	+0.027%	$14.2M	$29.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0091%	8h	10.919	+0.026%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.926	+0.091%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.924	+0.073%	$19K	$474K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.934	+0.169%	$36.2M	$39.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.923	+0.066%	$2.3M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.920	+0.038%	$275K	$127K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.919	+0.027%	$115.1M	$387.2M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	10.916	long leg	$85.3M	$135.7M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.920	+0.037%	$19.5M	$107.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.920	+0.037%	$55.2M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.920	+0.037%	$14.1M	$20.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.921	+0.046%	$33.3M	$44.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.919	+0.027%	—	$52.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.923	+0.064%	$441K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.911	−0.050%	$352K	$1.3M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.913	−0.027%	$175K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.930	+0.128%	$139K	$236K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.931	+0.137%	$236K	$221K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.955	+0.357%	$12K	$775K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.915	−0.005%	$337K	$868K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.916	−0.001%	$621K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.924	+0.069%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.923	+0.064%	$860K	$5.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.916	0.000%	$4.7M	$5.3M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.919	+0.032%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.929	+0.124%	$231K	—	120x	as long as short