Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0269%/8h= +29.4% APRpaid last 24h +0.124%

Price spread now: Reya against Variational Omni+0.107%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Reya is 0.107% dearer against Variational Omni than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	11.253	−0.0025	get 0.0025% / 8h	1h 35m	$3.0M	$2.4M	—
Short	Reya AVAXRUSDPERP	11.265	0.0244	get 0.0030% / 1h	35m 17s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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 Variational OmnibpFee ReyabpOrdersPrice spread, now +0.107%Rate

Funding earned: $56.41
Price spread: +0.107% → 0.000%: $10.74
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $61.15
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	3.20 bp	doesn't fit	11.0 bp −$110	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	−0.0570%	1h	11.220	−0.295%	$17K	$151K	12x	as long as short
Variational Omni AVAXlong	−0.0025%	8h	11.253	long leg	$3.0M	$2.4M	—
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.268	+0.131%	$5.4M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.250	−0.031%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.268	+0.131%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0002%	1h	11.267	+0.118%	$297K	$896K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.269	+0.142%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.260	+0.060%	$16K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.254	+0.011%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.266	+0.112%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.258	+0.040%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.267	+0.126%	$120.5M	$526.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.267	+0.123%	$88.4M	$157.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.272	+0.167%	$20.3M	$146.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.266	+0.114%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.267	+0.123%	$52.2M	$100.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.273	+0.176%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.269	+0.140%	$34.3M	$60.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.269	+0.140%	—	$89.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.271	+0.158%	$360K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.255	+0.013%	$360K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.258	+0.043%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.269	+0.140%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.278	+0.220%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.297	+0.392%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.269	+0.140%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.255	+0.011%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.269	+0.140%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.268	+0.129%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.271	+0.158%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.272	+0.167%	$909K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.268	+0.131%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.265	+0.107%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0402% / S −0.0244%	1h	11.266	+0.116%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0590%	1h	11.285	+0.283%	$43.7M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0627%	1h	11.275	+0.193%	$4.6M	$13.5M	50x	as long as short