Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.7% APRpaid last 24h +0.033%

Price spread now: Reya against BloFin+0.051%46s7-day average — · you sell dearer than you buy

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

Long on BloFin 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Reya is 0.051% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	11.139	0.0220	pay 0.0220% / 8h	4h 37m	$5.0M	$5.4M	100x
Short	Reya AVAXRUSDPERP	11.145	0.0244	get 0.0031% / 1h	37m 38s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now +0.051%Rate

Funding earned: $5.09
Price spread: +0.051% → 0.000%: $5.14
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$7.77
Costs to cover: 0.180%
Break-even: 17.7 days

Slippage unknown: BloFin: live order book, 6 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 BloFin live order book, 6 min ago	0.45 bp	9.4 bp −$9	13.6 bp −$136	33.6 bp −$3,358	76.3 bp −$38.2K
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	11.120	−0.171%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0032%	1h	11.144	+0.049%	$287K	$373K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.143	+0.036%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.138	−0.009%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.144	+0.048%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.136	−0.022%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.129	−0.090%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.137	−0.019%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.138	−0.010%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.141	+0.016%	$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	11.137	−0.022%	$118.2M	$426.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.135	−0.036%	$88.4M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.136	−0.027%	$20.4M	$115.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.136	−0.027%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.136	−0.027%	$48.1M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.140	+0.009%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.135	−0.036%	$33.4M	$48.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.133	−0.054%	—	$78.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	+0.027%	$337K	$521K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	+0.201%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.157	+0.159%	$352K	$845K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	+0.135%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.150	+0.099%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.151	+0.108%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.175	+0.319%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.143	+0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.140	+0.013%	$366K	$826K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.139	0.000%	$29.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.131	−0.074%	$689K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.140	+0.006%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.148	+0.084%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	11.139	long leg	$5.0M	$5.4M	100x
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.156	+0.153%	$892K	$5.3M	50x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.145	+0.051%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.144	+0.044%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0596%	1h	11.153	+0.127%	$43.2M	$42.3M	10x	as long as short