AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0144%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.065%

Price spread now: Reya against Backpack−0.077%7-day average — · you buy dearer than you sell

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

Long on Backpack 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 0.077% cheaper against Backpack than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 43 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	11.334	0.0100	pay 0.0013% / 1h	58m 29s	$341K	$564K	15x
Short	Reya AVAXRUSDPERP	11.325	0.0244	get 0.0030% / 1h	58m 29s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.077%Rate

Funding earned: $30.16
Price spread: −0.077% → 0.000%: −$7.7
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $6.45
Costs to cover: 0.160%
Break-even: 5.5 days

Slippage unknown: Backpack: live order book, 25 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 Backpack live order book, 25 min ago	0.44 bp	10.3 bp −$10	35.3 bp −$353	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	11.280	−0.476%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0191%	1h	11.325	−0.079%	$5.4M	$9.3M	25x	as long as short
Nado AVAX-PERP	−0.0100%	1h	11.331	−0.031%	$299K	$958K	10x	as long as short
Variational Omni AVAX	−0.0065%	8h	11.332	−0.018%	$3.0M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.325	−0.081%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.330	−0.035%	$16K	—	150x	as long as short
Gate AVAX_USDT	+0.0077%	8h	11.329	−0.044%	$12.7M	$39.1M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.326	−0.071%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.323	−0.097%	$13K	$705K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.320	−0.119%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.327	−0.064%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.325	−0.075%	$301K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.323	−0.097%	$121.5M	$534.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.325	−0.079%	$91.1M	$156.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.325	−0.079%	$20.4M	$149.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.324	−0.088%	$54.9M	$99.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.327	−0.062%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.324	−0.088%	$34.9M	$60.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.323	−0.097%	—	$89.9M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	11.334	long leg	$341K	$564K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.331	−0.028%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.333	−0.009%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.328	−0.053%	$135K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.336	+0.018%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.364	+0.266%	$12K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.326	−0.071%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.323	−0.093%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.329	−0.044%	$30.5M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.321	−0.113%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.323	−0.093%	$260K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.343	+0.079%	$995K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.330	−0.035%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.325	−0.077%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.328	−0.054%	$245K	—	120x	as long as short
Hyperliquid AVAX	+0.0522%	1h	11.340	+0.053%	$44.0M	$58.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0624%	1h	11.330	−0.033%	$4.6M	$13.5M	50x	as long as short