Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0144%/8h= −15.7% APRpaid last 24h −0.043%

Price spread now: SunX against Reya+0.121%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 SunX

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

The price spread pays, funding is against you. SunX is 0.121% dearer against Reya than usual: you sell high and buy low (spread +0.121% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	11.315	0.0244	pay 0.0030% / 1h	10m 59s	$1K	—	20x
Short	SunX AVAX-USDT	11.328	0.0100	get 0.0100% / 8h	2h 10m	$12K	$721K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.121%Rate

Funding earned: −$30.15
Price spread: +0.121% → 0.000%: $12.07
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$32.08
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; SunX: live order book, 70 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 SunX live order book, 70 min ago	41.89 bp	101.3 bp −$101	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
Deribit AVAX_USDC-PERPETUAL	−0.0103%	1h	11.319	+0.038%	$5.4M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0102%	8h	11.280	−0.307%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0079%	1h	11.310	−0.044%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.250	−0.572%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.304	−0.093%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.319	+0.038%	$16K	—	150x	as long as short
Gate AVAX_USDT	+0.0056%	8h	11.322	+0.064%	$12.7M	$40.4M	75x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.318	+0.029%	$993K	$8.3M	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0085%	8h	11.320	+0.046%	$20.3M	$149.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.319	+0.038%	$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
Extended AVAX-USD	+0.0096%	1h	11.321	+0.056%	$676K	$2.2M	25x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.309	−0.051%	$10K	$702K	50x	as long as short
MEXC AVAX_USDT	+0.0096%	8h	11.323	+0.073%	$55.9M	$110.3M	200x	as long as short
Binance AVAXUSDT	+0.0097%	8h	11.323	+0.076%	$121.4M	$537.4M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.298	−0.149%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.319	+0.038%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.303	−0.106%	$300K	$121K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.325	+0.091%	$90.8M	$155.9M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.324	+0.082%	$16.2M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.323	+0.073%	$34.9M	$61.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.322	+0.064%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.322	+0.064%	$339K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.317	+0.017%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.295	−0.175%	$182K	$681K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.317	+0.020%	$133K	$482K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.327	+0.108%	$204K	$302K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.328	+0.121%	$12K	$721K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.319	+0.038%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.316	+0.015%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.321	+0.055%	$30.3M	$4.9M	50x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.317	+0.020%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0217%	8h	11.315	+0.002%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.315	long leg	$1K	—	20x
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.327	+0.111%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.317	+0.024%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0670%	1h	11.339	+0.214%	$44.1M	$58.9M	10x	as long as short