Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h +0.052%

Price spread now: Reya against MEXC−0.027%7-day average — · you buy dearer than you sell

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

Long on MEXC 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

Funding pays, the price is against you. Reya is 0.027% cheaper against MEXC than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 13 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.805	0.0080	pay 0.0080% / 8h	3h 24m	$55.9M	$62.0M	200x
Short	Reya AVAXRUSDPERP	10.802	0.0245	get 0.0031% / 1h	24m 02s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now −0.027%Rate

Funding earned: $34.73
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $26.01
Costs to cover: 0.060%
Break-even: 1.8 days

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.46 bp	1.6 bp −$2	4.6 bp −$46	17.7 bp −$1,768	92.4 bp −$46.2K
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	−0.0175%	8h	10.834	+0.270%	$3.1M	$1.9M	—	as long as short
Kraken Futures PF_AVAXUSD	−0.0158%	1h	10.812	+0.069%	$3.7M	$10.2M	50x	as long as short
Polymarket Perps AVAX-USD	−0.0135%	1h	10.805	0.000%	$43K	$345K	10x	as long as short
Bybit AVAXUSDT	−0.0112%	8h	10.802	−0.028%	$84.3M	$128.6M	75x	as long as short
Gate AVAX_USDT	−0.0079%	8h	10.810	+0.046%	$15.2M	$24.5M	75x	as long as short
Nado AVAX-PERP	−0.0051%	1h	10.804	−0.009%	$287K	$255K	10x	as long as short
OKX AVAX-USDT-SWAP	−0.0012%	8h	10.802	−0.028%	$19.1M	$94.1M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.822	+0.155%	$92K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.812	+0.065%	$4.8M	$6.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.810	+0.051%	$24K	—	150x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX AVAX-USD	+0.0005%	1h	10.807	+0.019%	$18K	$65K	10x	as long as short
Phemex AVAXUSDT	+0.0018%	8h	10.812	+0.065%	$28.8M	$5.3M	50x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.416%	$17K	$151K	12x	as long as short
MEXC AVAX_USDTlong	+0.0080%	8h	10.805	long leg	$55.9M	$62.0M	200x
Binance AVAXUSDT	+0.0081%	8h	10.806	+0.009%	$113.6M	$343.7M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.810	+0.046%	$1.2M	$1.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.807	+0.019%	$26K	$424K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.809	+0.040%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.821	+0.148%	$36.4M	$29.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.812	+0.065%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.813	+0.074%	$272K	$88K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.804	−0.009%	$13.7M	$18.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.796	−0.083%	$32.4M	$39.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.807	+0.019%	—	$37.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.809	+0.037%	$395K	$552K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.843	+0.351%	$346K	$1.7M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.850	+0.416%	$148K	$690K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.814	+0.083%	$237K	$171K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.842	+0.345%	$12K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.806	+0.014%	$323K	$908K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.794	−0.104%	$623K	$1.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.804	−0.013%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0184%	1h	10.848	+0.398%	$854K	$4.6M	50x	as long as short
BloFin AVAX-USDT	+0.0201%	8h	10.816	+0.102%	$4.7M	$4.8M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.802	−0.027%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0473% / S −0.0295%	1h	10.811	+0.058%	$254K	—	120x	as long as short