Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h −0.033%

Price spread now: BloFin against Reya−0.028%7-day average — · you buy dearer than you sell

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

Long on Reya Short on BloFin

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.028% cheaper against Reya than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	11.323	0.0244	pay 0.0030% / 1h	9m 21s	$1K	—	20x
Short	BloFin AVAX-USDT	11.320	0.0218	get 0.0218% / 8h	2h 09m	$5.0M	$8.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$5.34
Price spread: −0.028% → 0.000%: −$2.8
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.14
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 9 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 BloFin live order book, 9 min ago	0.44 bp	8.2 bp −$8	9.0 bp −$90	29.1 bp −$2,910	75.3 bp −$37.7K

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
Deribit AVAX_USDC-PERPETUAL	−0.0103%	1h	11.324	+0.007%	$5.4M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0092%	8h	11.306	−0.150%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0078%	1h	11.322	−0.010%	$299K	$959K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	−0.558%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.323	+0.001%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.323	−0.003%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.327	+0.034%	$994K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0059%	8h	11.324	+0.007%	$12.7M	$40.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0089%	8h	11.321	−0.019%	$20.4M	$149.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.323	−0.001%	$1.3M	$3.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	11.322	−0.010%	$10K	$702K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.319	−0.033%	$13K	$766	20x	as long as short
MEXC AVAX_USDT	+0.0098%	8h	11.321	−0.019%	$55.9M	$110.3M	200x	as long as short
Binance AVAXUSDT	+0.0098%	8h	11.322	−0.008%	$121.5M	$537.1M	75x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.321	−0.021%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.323	−0.005%	$301K	$121K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.325	+0.016%	$90.8M	$156.0M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.326	+0.025%	$16.2M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.324	+0.007%	$34.9M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.323	−0.002%	—	$90.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.309	−0.125%	$338K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.314	−0.082%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.313	−0.090%	$182K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.325	+0.016%	$133K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.332	+0.078%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.351	+0.250%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.324	+0.007%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.322	−0.015%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.326	+0.025%	$30.3M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.322	−0.010%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.319	−0.036%	$260K	—	3x	as long as short
BloFin AVAX-USDTshort	+0.0218%	8h	11.320	−0.028%	$5.0M	$8.6M	100x
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.323	long leg	$1K	—	20x
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.335	+0.107%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.322	−0.010%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0675%	1h	11.341	+0.157%	$44.1M	$58.5M	10x	as long as short