Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h −0.051%

Price spread now: Aster against Reya+0.109%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.109% dearer against Reya than usual: you sell high and buy low (spread +0.109% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	11.290	0.0244	pay 0.0030% / 1h	21m 50s	$1K	—	20x
Short	Aster AVAXUSDT	11.302	0.0100	get 0.0100% / 8h	1h 21m	$2.3M	$1.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$30.17
Price spread: +0.109% → 0.000%: $10.87
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$33.3
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Aster: live order book, 2 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 2 min ago	2.22 bp	8.9 bp −$9	18.0 bp −$180	doesn't fit	doesn't fit

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	−0.0570%	1h	11.220	−0.621%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0104%	1h	11.298	+0.070%	$5.4M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0035%	1h	11.294	+0.039%	$298K	$895K	10x	as long as short
Variational Omni AVAX	−0.0005%	8h	11.249	−0.363%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.283	−0.063%	$104K	$112K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.297	+0.061%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.302	+0.107%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.294	+0.035%	$17K	$688K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.287	−0.025%	$13K	$766	20x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	11.302	+0.109%	$2.3M	$1.8M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.289	−0.010%	$300K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.304	+0.119%	$120.9M	$525.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.301	+0.097%	$89.5M	$157.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.302	+0.105%	$20.4M	$147.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.302	+0.105%	$12.4M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.304	+0.123%	$52.4M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.309	+0.167%	$16.1M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.302	+0.105%	$34.3M	$60.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.301	+0.097%	—	$89.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.306	+0.141%	$362K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.247	−0.379%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.248	−0.373%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.295	+0.043%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.304	+0.123%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.323	+0.290%	$12K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.301	+0.097%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.296	+0.048%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.298	+0.070%	$30.4M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.301	+0.095%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.297	+0.057%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.261	−0.258%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.279	−0.098%	$5.1M	$8.0M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.290	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0406% / S −0.0251%	1h	11.296	+0.050%	$238K	—	120x	as long as short
Kraken Futures PF_AVAXUSD	+0.0626%	1h	11.307	+0.150%	$4.6M	$13.5M	50x	as long as short
Hyperliquid AVAX	+0.0631%	1h	11.315	+0.221%	$43.8M	$56.8M	10x	as long as short