AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0149%/8h= −16.3% APRnext payment −$0.19 per $10,000 · paid last 24h −0.044%

Price spread now: Lighter against Reya+0.261%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.261% dearer against Reya than usual: you sell high and buy low (spread +0.261% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	10.792	0.0245	pay 0.0031% / 1h	46m 04s	$1K	—	20x
Short	Lighter AVAX	10.820	0.0096	get 0.0012% / 1h	46m 04s	$1.2M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.261%Rate

Funding earned: −$31.26
Price spread: +0.261% → 0.000%: $26.1
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.16
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 6 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 Lighter live order book, 6 min ago	0.46 bp	3.5 bp −$3	12.3 bp −$123	88.0 bp −$8,803	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
Phemex AVAXUSDT	−0.0375%	8h	10.815	+0.215%	$28.9M	$5.7M	50x	as long as short
Nado AVAX-PERP	−0.0288%	1h	10.797	+0.048%	$281K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0264%	1h	10.828	+0.338%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	−0.260%	$3.0M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.801	+0.082%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.820	+0.261%	$4.9M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.802	+0.098%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0010%	1h	10.822	+0.280%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.295%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.805	+0.122%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAXshort	+0.0096%	1h	10.820	+0.261%	$1.2M	$2.0M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.795	+0.029%	$22K	$463K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.836	+0.409%	$36.0M	$41.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.821	+0.267%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.805	+0.120%	$272K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.819	+0.252%	$114.5M	$399.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.818	+0.242%	$84.4M	$138.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.818	+0.242%	$19.0M	$107.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.823	+0.289%	$13.6M	$28.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.824	+0.298%	$53.7M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.826	+0.317%	$14.0M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.820	+0.261%	$33.0M	$45.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.821	+0.270%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.829	+0.344%	$441K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.769	−0.212%	$340K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.769	−0.212%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.801	+0.085%	$136K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.815	+0.215%	$234K	$248K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.856	+0.591%	$12K	$771K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.848	+0.518%	$336K	$871K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.814	+0.203%	$614K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.806	+0.136%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.818	+0.242%	$854K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.787	−0.045%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0245%	1h	10.792	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.798	+0.056%	$228K	—	120x	as long as short