Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.06 per $10,000 · paid last 24h −0.017%
Price spread now: Coinbase International against Reya+0.071%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Coinbase International is 0.071% dearer against Reya than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya AVAXRUSDPERP | 10.783 | 0.0245 | pay 0.0031% / 1h | 52m 33s | $1K | — | 20x |
| Short | Coinbase International AVAX-PERP-INTX | 10.791 | 0.0200 | get 0.0025% / 1h | 52m 33s | $845K | $5.2M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$9.41
- Price spread: +0.071% → 0.000%
- $7.11
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18.3
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 1 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 Coinbase International live order book, 1 min ago | 1.39 bp | 11.6 bp −$12 | 17.2 bp −$172 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Nado AVAX-PERP | −0.0344% | 1h | 10.783 | −0.003% | $291K | $322K | 10x | as long as short |
| Phemex AVAXUSDT | −0.0278% | 8h | 10.780 | −0.031% | $28.8M | $5.7M | 50x | as long as short |
| Kraken Futures PF_AVAXUSD | −0.0265% | 1h | 10.786 | +0.023% | $3.8M | $11.6M | 50x | as long as short |
| Gate AVAX_USDT | −0.0148% | 8h | 10.766 | −0.161% | $13.4M | $28.5M | 75x | as long as short |
| Variational Omni AVAX | −0.0075% | 8h | 10.715 | −0.636% | $2.9M | $2.1M | — | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0028% | 1h | 10.787 | +0.034% | $4.9M | $6.8M | 25x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.769 | −0.131% | $92K | $111K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.761 | −0.207% | $12K | — | 150x | as long as short |
| Injective AVAX/USDC PERP | +0.0033% | 1h | 10.760 | −0.216% | $17K | $151K | 12x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0081% | 8h | 10.709 | −0.690% | $342K | $1.2M | 10x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SoDEX AVAX-USD | +0.0088% | 1h | 10.784 | +0.006% | $18K | $68K | 10x | as long as short |
| Paradex AVAX-USD-PERP | +0.0093% | 8h | 10.761 | −0.204% | $12K | $212 | 20x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.764 | −0.182% | $1.2M | $2.0M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.766 | −0.161% | $25K | $464K | 50x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.777 | −0.062% | $37.0M | $40.0M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.773 | −0.097% | $2.2M | $1.1M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.772 | −0.109% | $271K | $128K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.764 | −0.179% | $113.9M | $399.4M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 10.765 | −0.170% | $84.1M | $139.6M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.770 | −0.124% | $18.9M | $107.1M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.764 | −0.179% | $52.8M | $78.8M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.769 | −0.133% | $13.9M | $21.5M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.766 | −0.161% | $32.7M | $45.8M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 10.769 | −0.133% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.787 | +0.034% | $439K | $531K | 15x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.713 | −0.652% | $173K | $663K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.783 | −0.003% | $135K | $287K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.794 | +0.099% | $233K | $254K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.814 | +0.288% | $11K | $769K | 20x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.800 | +0.154% | $333K | $874K | 75x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.769 | −0.135% | $601K | $1.4M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.780 | −0.031% | $248K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTXshort | +0.0200% | 1h | 10.791 | +0.071% | $845K | $5.2M | 50x | |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.781 | −0.022% | $4.7M | $5.5M | 100x | as long as short |
| Reya AVAXRUSDPERPlong | +0.0245% | 1h | 10.783 | long leg | $1K | — | 20x | |
| GMX AVAX/USD [AVAX-USDC] | L +0.0443% / S −0.0294% | 1h | 10.787 | +0.034% | $228K | — | 120x | as long as short |
Coinbase International AVAX-PERP-INTX
Phemex AVAXUSDT
Kraken Futures PF_AVAXUSD
Gate AVAX_USDT
Variational Omni AVAX
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Injective AVAX/USDC PERP
GRVT AVAX_USDT_Perp
SoDEX AVAX-USD
Paradex AVAX-USD-PERP
Lighter AVAX
Popdex AVAXUSDT
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
SunX AVAX-USDT
HTX AVAX-USDT
Extended AVAX-USD
BloFin AVAX-USDT
GMX AVAX/USD [AVAX-USDC]