Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.073%

Price spread now: Reya against Gate−0.039%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.039% cheaper against Gate than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 21 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	Gate AVAX_USDT	10.992	0.0100	pay 0.0100% / 8h	3h 59m	$12.1M	$32.0M	75x
Short	Reya AVAXRUSDPERP	10.988	0.0244	get 0.0031% / 1h	59m 10s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.039%Rate

Funding earned: $30.31
Price spread: −0.039% → 0.000%: −$3.87
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $5.44
Costs to cover: 0.210%
Break-even: 5.7 days

Slippage unknown: Gate: 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 Gate live order book, 5 min ago	0.91 bp	11.7 bp −$12	20.8 bp −$208	40.8 bp −$4,077	69.0 bp −$34.5K
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	−0.1421%	1h	10.950	−0.382%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.991	−0.009%	$5.1M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.003	+0.099%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.993	+0.009%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.994	+0.018%	$4.2M	$11.3M	50x	as long as short
Nado AVAX-PERP	+0.0061%	1h	10.994	+0.018%	$285K	$372K	10x	as long as short
Lighter AVAX	+0.0096%	1h	10.993	+0.009%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.996	+0.036%	$15K	$505K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.998	+0.052%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.995	+0.027%	$2.2M	$1.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.001	+0.084%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.992	0.000%	$115.9M	$429.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.988	−0.036%	$85.0M	$139.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.992	0.000%	$20.2M	$114.3M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	10.992	long leg	$12.1M	$32.0M	75x
MEXC AVAX_USDT	+0.0100%	8h	10.992	0.000%	$46.1M	$77.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.998	+0.055%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.987	−0.045%	$32.9M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.991	−0.009%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.991	−0.009%	$368K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	+0.033%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.997	+0.045%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	+0.064%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.995	+0.027%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.000	+0.073%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.028	+0.329%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.993	+0.009%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.989	−0.029%	$366K	$811K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.994	+0.018%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.987	−0.041%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.992	−0.005%	$252K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.987	−0.045%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.004	+0.109%	$894K	$5.3M	50x	as long as short
Hyperliquid AVAX	+0.0242%	1h	11.006	+0.127%	$42.7M	$41.9M	10x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	10.988	−0.039%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.994	+0.016%	$233K	—	120x	as long as short