Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.053%

Price spread now: BingX against Reya+0.017%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 BingX

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 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	11.068	0.0244	pay 0.0031% / 1h	25m 18s	$1K	—	20x
Short	BingX AVAX-USDT	11.070	0.0100	get 0.0100% / 8h	4h 25m	—	$78.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$30.3
Price spread: +0.017% → 0.000%: $1.72
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$44.58
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 14 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 BingX live order book, 14 min ago	0.90 bp	5.9 bp −$6	6.8 bp −$68	11.3 bp −$1,131	24.6 bp −$12.3K

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	11.020	−0.435%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0029%	1h	11.064	−0.037%	$285K	$368K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0021%	1h	11.063	−0.046%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.067	−0.010%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.068	0.000%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.063	−0.042%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.072	+0.035%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.063	−0.043%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.067	−0.010%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.071	+0.027%	$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 AVAXUSDT	+0.0100%	8h	11.070	+0.017%	$117.5M	$426.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.067	−0.010%	$87.8M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.067	−0.010%	$20.4M	$114.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.071	+0.026%	$12.2M	$34.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.070	+0.017%	$47.7M	$77.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.074	+0.053%	$15.6M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.068	−0.001%	$33.2M	$47.9M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.070	+0.017%	—	$78.4M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.071	+0.026%	$334K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.064	−0.033%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.078	+0.089%	$350K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.079	+0.099%	$178K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.073	+0.044%	$130K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.070	+0.017%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.102	+0.310%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.066	−0.019%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.071	+0.023%	$362K	$811K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.067	−0.010%	$29.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.061	−0.064%	$685K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.063	−0.042%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0213%	1h	11.069	+0.007%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.066	−0.019%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.074	+0.053%	$885K	$5.2M	50x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.068	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.069	+0.006%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0570%	1h	11.087	+0.168%	$43.0M	$42.4M	10x	as long as short