Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.043%

Price spread now: Reya against SunX−0.313%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Reya

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

Funding pays, the price is against you. Reya is 0.313% cheaper against SunX than usual: you would sell low and buy high (spread −0.313% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 7.2 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	11.157	0.0100	pay 0.0100% / 8h	4h 47m	$11K	$704K	20x
Short	Reya AVAXRUSDPERP	11.122	0.0244	get 0.0031% / 1h	47m 01s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.313%Rate

Funding earned: $30.29
Price spread: −0.313% → 0.000%: −$31.26
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$14.97
Costs to cover: 0.140%
Break-even: 10.5 days

Slippage unknown: SunX: live order book, 45 min ago; Reya: no order-book sample. 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 SunX live order book, 45 min ago	41.87 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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
Injective AVAX/USDC PERP	−0.1423%	1h	11.030	−1.135%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.116	−0.364%	$5.2M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0012%	1h	11.117	−0.355%	$286K	$394K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.111	−0.413%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.121	−0.319%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.118	−0.350%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.122	−0.310%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.114	−0.382%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.122	−0.309%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.116	−0.360%	$290K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.129	−0.245%	$118.4M	$427.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.126	−0.274%	$88.4M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.130	−0.238%	$20.3M	$116.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.119	−0.337%	$12.2M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.124	−0.292%	$48.2M	$77.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.124	−0.292%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.125	−0.283%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.125	−0.283%	—	$79.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.127	−0.265%	$336K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	−0.592%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.100	−0.507%	$354K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.100	−0.507%	$178K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.127	−0.265%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.125	−0.283%	$195K	$310K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	11.157	long leg	$11K	$704K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.118	−0.346%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.117	−0.350%	$366K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.124	−0.292%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.114	−0.386%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.114	−0.386%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.120	−0.326%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.116	−0.364%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.129	−0.247%	$890K	$5.3M	50x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.122	−0.313%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.120	−0.325%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0666%	1h	11.141	−0.140%	$43.4M	$42.3M	10x	as long as short