Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.043%

Price spread now: HTX against Reya−0.094%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 HTX

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 −$4 a day on $10k at the current rate, and HTX is 0.094% cheaper against Reya than usual: you would sell low and buy high (−$9 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	11.150	0.0244	pay 0.0031% / 1h	55m 56s	$1K	—	20x
Short	HTX AVAX-USDT	11.140	0.0100	get 0.0100% / 8h	5h 55m	$362K	$853K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$30.26
Price spread: −0.094% → 0.000%: −$9.41
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$57.67
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; HTX: live order book, 13 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 HTX live order book, 13 min ago	34.99 bp	41.1 bp −$41	87.0 bp −$870	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	−0.1374%	1h	11.070	−0.719%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0075%	1h	11.150	−0.002%	$287K	$453K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.144	−0.056%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.137	−0.122%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.146	−0.042%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.148	−0.016%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	−0.103%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.153	+0.025%	$15K	$567K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.151	+0.004%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.133	−0.152%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.141	−0.083%	$291K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.118	−0.289%	$118.7M	$441.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.113	−0.334%	$88.3M	$139.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.125	−0.226%	$20.0M	$120.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.132	−0.163%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.123	−0.244%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.134	−0.145%	$15.6M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.122	−0.253%	$33.4M	$49.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.115	−0.316%	—	$82.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.134	−0.145%	$356K	$499K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.151	+0.004%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.158	+0.070%	$353K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.167	+0.151%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.156	+0.052%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.151	+0.007%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.181	+0.276%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.145	−0.047%	$19K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.140	−0.094%	$362K	$853K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.139	−0.100%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.119	−0.277%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.140	−0.093%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.148	−0.020%	$904K	$5.6M	50x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.150	long leg	$1K	—	20x
Hyperliquid AVAX	+0.0268%	1h	11.145	−0.047%	$43.3M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.149	−0.015%	$237K	—	120x	as long as short