Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.048%

Price spread now: Reya against KuCoin−0.100%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.100% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.100% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.3 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	KuCoin AVAXUSDTM	11.146	0.0100	pay 0.0100% / 8h	7h 28m	$15.3M	$23.3M	75x
Short	Reya AVAXRUSDPERP	11.135	0.0244	get 0.0030% / 1h	28m 56s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now −0.100%Rate

Funding earned: $30.22
Price spread: −0.100% → 0.000%: −$10.02
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $2.2
Costs to cover: 0.180%
Break-even: 6.5 days

Slippage unknown: KuCoin: 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 KuCoin live order book, 5 min ago	0.45 bp	12.2 bp −$12	28.7 bp −$287	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.080	−0.592%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0050%	1h	11.134	−0.108%	$292K	$830K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.133	−0.115%	$102K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.139	−0.063%	$5.2M	$8.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.137	−0.083%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	−0.065%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.137	−0.081%	$17K	$625K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.133	−0.121%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.142	−0.034%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.139	−0.063%	$296K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.146	+0.004%	$118.7M	$485.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.147	+0.009%	$88.8M	$149.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.149	+0.027%	$19.9M	$133.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.141	−0.045%	$12.1M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.143	−0.027%	$48.8M	$88.8M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.146	long leg	$15.3M	$23.3M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.159	+0.117%	$33.9M	$54.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.146	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.139	−0.063%	$356K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.145	−0.011%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	+0.025%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	−0.161%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.139	−0.063%	$131K	$375K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.148	+0.018%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.166	+0.180%	$12K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	−0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.142	−0.040%	$361K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.141	−0.045%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.139	−0.066%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.141	−0.045%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.142	−0.034%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.144	−0.018%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.135	−0.100%	$1K	—	20x
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.132	−0.126%	$904K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.137	−0.082%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0686%	1h	11.155	+0.081%	$43.5M	$51.0M	10x	as long as short