Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.059%

Price spread now: Binance against Reya+0.065%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 Binance

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 · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.065% dearer against Reya than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	11.064	0.0244	pay 0.0031% / 1h	25m 55s	$1K	—	20x
Short	Binance AVAXUSDT	11.071	0.0100	get 0.0100% / 8h	4h 25m	$117.5M	$426.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.065%Rate

Funding earned: −$30.3
Price spread: +0.065% → 0.000%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.8
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Binance: live order book, 3 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 Binance live order book, 3 min ago	0.45 bp	6.1 bp −$6	10.6 bp −$106	40.6 bp −$4,060	116.6 bp −$58.3K

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	−0.1423%	1h	11.080	+0.143%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0030%	1h	11.066	+0.012%	$285K	$368K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0021%	1h	11.068	+0.035%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.075	+0.101%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.068	+0.037%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.071	+0.062%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.068	+0.035%	$15K	$548K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.071	+0.065%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.070	+0.048%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.083	+0.170%	$289K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDTshort	+0.0100%	8h	11.071	+0.065%	$117.5M	$426.9M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.063	−0.011%	$87.7M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.069	+0.044%	$20.4M	$114.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.071	+0.062%	$12.2M	$34.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.073	+0.080%	$47.4M	$77.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.078	+0.125%	$15.6M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.065	+0.007%	$33.2M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.069	+0.044%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.071	+0.062%	$334K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.064	+0.002%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.143	+0.714%	$353K	$853K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.140	+0.685%	$179K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.068	+0.035%	$130K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.075	+0.098%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.108	+0.401%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.072	+0.071%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.073	+0.083%	$362K	$819K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.075	+0.098%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.067	+0.022%	$685K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.066	+0.018%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0213%	1h	11.074	+0.086%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	+0.260%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.087	+0.206%	$886K	$5.2M	50x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.064	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.065	+0.010%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0571%	1h	11.082	+0.161%	$43.0M	$42.4M	10x	as long as short