AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0211%/8h= −23.2% APRnext payment −$0.26 per $10,000 · paid last 24h −0.346%

Price spread now: Injective against Reya−0.091%52s7-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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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 −$6 a day on $10k at the current rate, and Injective is 0.091% 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. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	10.770	0.0245	pay 0.0031% / 1h	53m 57s	$1K	—	20x
Short	Injective AVAX/USDC PERP	10.760	0.0033	get 0.0004% / 1h	53m 57s	$17K	$151K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.091%Rate

Funding earned: −$44.41
Price spread: −0.091% → 0.000%: −$9.13
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$59.57
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Injective: live order book, 45 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 Injective live order book, 45 min ago	28.12 bp	28.1 bp −$28	doesn't fit	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	−0.0323%	1h	10.771	+0.011%	$291K	$324K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0266%	1h	10.765	−0.042%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0075%	8h	10.715	−0.512%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.739	−0.285%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.766	−0.036%	$4.9M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.761	−0.082%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0011%	8h	10.764	−0.054%	$13.4M	$28.5M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0032%	8h	10.719	−0.472%	$345K	$1.2M	10x	as long as short
Injective AVAX/USDC PERPshort	+0.0033%	1h	10.760	−0.091%	$17K	$151K	12x
Phemex AVAXUSDT	+0.0076%	8h	10.764	−0.054%	$28.7M	$5.7M	50x	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	+0.0092%	1h	10.763	−0.063%	$18K	$68K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.768	−0.016%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.762	−0.073%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.773	+0.029%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.769	−0.008%	$37.0M	$40.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.761	−0.084%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.741	−0.266%	$270K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.760	−0.091%	$113.9M	$400.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.765	−0.045%	$84.2M	$139.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.767	−0.026%	$18.9M	$107.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.765	−0.045%	$52.9M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.765	−0.045%	$13.9M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.768	−0.017%	$32.8M	$45.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.764	−0.054%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.765	−0.045%	$438K	$532K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	−0.444%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.776	+0.057%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.773	+0.029%	$233K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.797	+0.255%	$12K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.762	−0.068%	$332K	$873K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.764	−0.055%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.759	−0.096%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.774	+0.039%	$841K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.724	−0.426%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0245%	1h	10.770	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.772	+0.019%	$227K	—	120x	as long as short