AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0149%/8h= +16.3% APRnext payment +$0.19 per $10,000 · paid last 24h +0.045%

Price spread now: Reya against Lighter−0.054%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.054% cheaper against Lighter than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 29 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	Lighter AVAX	10.940	0.0096	pay 0.0012% / 1h	9m 33s	$1.2M	$1.7M	10x
Short	Reya AVAXRUSDPERP	10.934	0.0245	get 0.0031% / 1h	9m 33s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter. 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 LighterbpFee ReyabpOrdersPrice spread, now −0.054%Rate

Funding earned: $31.35
Price spread: −0.054% → 0.000%: −$5.41
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $19.94
Costs to cover: 0.060%
Break-even: 2.5 days

Slippage unknown: Lighter: 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 Lighter live order book, 5 min ago	4.71 bp	5.1 bp −$5	12.7 bp −$127	88.8 bp −$8,875	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 exchanges

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	−0.0162%	8h	10.916	−0.210%	$3.1M	$1.9M	—	as long as short
Kraken Futures PF_AVAXUSD	−0.0113%	1h	10.930	−0.091%	$3.8M	$10.2M	50x	as long as short
Bybit AVAXUSDT	−0.0079%	8h	10.937	−0.023%	$85.6M	$127.5M	75x	as long as short
Gate AVAX_USDT	−0.0078%	8h	10.936	−0.032%	$15.2M	$25.0M	75x	as long as short
Polymarket Perps AVAX-USD	−0.0044%	1h	10.936	−0.032%	$60K	$325K	10x	as long as short
Nado AVAX-PERP	−0.0016%	1h	10.939	−0.005%	$279K	$254K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.941	+0.010%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.928	−0.105%	$5.0M	$6.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.927	−0.112%	$24K	—	150x	as long as short
Phemex AVAXUSDT	+0.0014%	8h	10.924	−0.142%	$29.1M	$5.3M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.641%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0034%	8h	10.936	−0.032%	$19.4M	$96.0M	50x	as long as short
SoDEX AVAX-USD	+0.0072%	1h	10.923	−0.151%	$19K	$65K	10x	as long as short
MEXC AVAX_USDT	+0.0095%	8h	10.940	+0.005%	$54.8M	$67.7M	200x	as long as short
Lighter AVAXlong	+0.0096%	1h	10.940	long leg	$1.2M	$1.7M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.939	−0.005%	$25K	$425K	50x	as long as short
Binance AVAXUSDT	+0.0096%	8h	10.939	−0.006%	$115.6M	$349.2M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.939	0.000%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.940	+0.005%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.942	+0.023%	$275K	$87K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.945	+0.050%	$14.0M	$18.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.938	−0.014%	$33.5M	$40.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.941	+0.014%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.929	−0.096%	$388K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.914	−0.232%	$343K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.915	−0.224%	$155K	$680K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.931	−0.078%	$239K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.955	+0.139%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.925	−0.137%	$325K	$917K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.936	−0.030%	$621K	$1.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.919	−0.187%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.930	−0.087%	$856K	$4.6M	50x	as long as short
BloFin AVAX-USDT	+0.0217%	8h	10.927	−0.114%	$4.7M	$5.0M	100x	as long as short
Hyperliquid AVAX	+0.0230%	1h	10.949	+0.087%	$36.6M	$30.7M	10x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.934	−0.054%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.927	−0.113%	$242K	—	120x	as long as short