Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.050%

Price spread now: Reya against Paradex−0.081%7-day average — · you buy dearer than you sell

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

Long on Paradex 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 airdropParadex: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.081% cheaper against Paradex than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 45 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	Paradex AVAX-USD-PERP	11.167	0.0100	pay 0.0100% / 8h	5h 59m	$13K	$434	20x
Short	Reya AVAXRUSDPERP	11.158	0.0244	get 0.0031% / 1h	59m 11s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Paradex. 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 ParadexbpFee ReyabpOrdersPrice spread, now −0.081%Rate

Funding earned: $30.26
Price spread: −0.081% → 0.000%: −$8.11
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.15
Costs to cover: 0.100%
Break-even: 4.2 days

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Paradex and 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 35 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	−0.1374%	1h	11.130	−0.333%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.159	−0.073%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.164	−0.029%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.159	−0.070%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.165	−0.023%	$4.3M	$11.7M	50x	as long as short
Nado AVAX-PERP	+0.0053%	1h	11.160	−0.064%	$287K	$467K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.160	−0.061%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.160	−0.064%	$15K	$567K	50x	as long as short
Gate AVAX_USDT	+0.0097%	8h	11.162	−0.047%	$12.2M	$34.8M	75x	as long as short
Paradex AVAX-USD-PERPlong	+0.0100%	8h	11.167	long leg	$13K	$434	20x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.163	−0.041%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.167	−0.002%	$291K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.162	−0.047%	$119.2M	$442.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.162	−0.047%	$88.6M	$139.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.163	−0.038%	$20.1M	$121.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.163	−0.038%	$48.8M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.164	−0.029%	$15.6M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.160	−0.064%	$33.5M	$49.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.164	−0.029%	—	$82.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	−0.047%	$357K	$500K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.156	−0.104%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.154%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	−0.118%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.163	−0.038%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.165	−0.020%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.189	+0.195%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.161	−0.055%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.146	−0.185%	$362K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.158	−0.082%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.157	−0.093%	$675K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.159	−0.069%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.164	−0.029%	$906K	$5.6M	50x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.158	−0.081%	$1K	—	20x
Hyperliquid AVAX	+0.0314%	1h	11.175	+0.070%	$43.4M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.159	−0.073%	$237K	—	120x	as long as short