Funding you earn now, next payment 02:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.065%
Price spread now: Backpack against Reya−0.006%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya AVAXRUSDPERP | 11.121 | 0.0244 | pay 0.0031% / 1h | 4m 56s | $1K | — | 20x |
| Short | Backpack AVAX_USDC_PERP | 11.120 | 0.0100 | get 0.0013% / 1h | 4m 56s | $356K | $502K | 15x |
Reya AVAXRUSDPERP
Backpack AVAX_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.26
- Price spread: −0.006% → 0.000%
- −$0.58
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$46.83
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Backpack: live order book, 64 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 Backpack live order book, 64 min ago | 0.45 bp | 7.8 bp −$8 | 33.2 bp −$332 | 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 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 | −0.1423% | 1h | 11.060 | −0.545% | $17K | $151K | 12x | as long as short |
| Nado AVAX-PERP | −0.0039% | 1h | 11.116 | −0.046% | $286K | $475K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0020% | 1h | 11.117 | −0.033% | $5.2M | $8.0M | 25x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.115 | −0.048% | $102K | $91K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.122 | +0.016% | $13K | — | 150x | as long as short |
| Gate AVAX_USDT | +0.0084% | 8h | 11.118 | −0.024% | $12.1M | $36.7M | 75x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.118 | −0.026% | $1.2M | $3.0M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.118 | −0.024% | $16K | $578K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 11.117 | −0.033% | $13K | $434 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.119 | −0.011% | $2.3M | $1.3M | 75x | as long as short |
Injective AVAX/USDC PERP
Nado AVAX-PERP
Deribit AVAX_USDC-PERPETUAL
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Gate AVAX_USDT
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDTShow all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAX | +0.0100% | 1h | 11.120 | −0.007% | $295K | $107K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.121 | +0.003% | $118.5M | $446.7M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.120 | −0.006% | $88.4M | $140.7M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.123 | +0.021% | $20.0M | $121.3M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.118 | −0.024% | $48.6M | $82.8M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.122 | +0.012% | $15.5M | $22.1M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.122 | +0.012% | $33.4M | $49.8M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 11.118 | −0.024% | — | $82.8M | — | as long as short |
| Backpack AVAX_USDC_PERPshort | +0.0100% | 1h | 11.120 | −0.006% | $356K | $502K | 15x | |
| Variational Omni AVAX | +0.0100% | 8h | 11.108 | −0.118% | $2.9M | $2.2M | — | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.086 | −0.313% | $354K | $790K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.106 | −0.132% | $178K | $678K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.125 | +0.039% | $131K | $349K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.125 | +0.039% | $195K | $313K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.153 | +0.290% | $12K | $709K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.119 | −0.015% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.118 | −0.019% | $361K | $855K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.116 | −0.042% | $29.7M | $5.6M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.121 | +0.007% | $671K | $1.6M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.114 | −0.060% | $255K | — | 3x | as long as short |
| Reya AVAXRUSDPERPlong | +0.0244% | 1h | 11.121 | long leg | $1K | — | 20x | |
| Kraken Futures PF_AVAXUSD | +0.0255% | 1h | 11.122 | +0.010% | $4.3M | $11.7M | 50x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0288% | 1h | 11.125 | +0.039% | $902K | $5.7M | 50x | as long as short |
| Hyperliquid AVAX | +0.0385% | 1h | 11.133 | +0.113% | $43.2M | $44.8M | 10x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0436% / S −0.0295% | 1h | 11.121 | +0.006% | $236K | — | 120x | as long as short |
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Variational Omni AVAX
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Kraken Futures PF_AVAXUSD
Coinbase International AVAX-PERP-INTX
Hyperliquid AVAX
GMX AVAX/USD [AVAX-USDC]