Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.073%

Price spread now: Reya against Gate−0.063%7-day average — · you buy dearer than you sell

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

Long on Gate 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 0.063% cheaper against Gate than usual: you would sell low and buy high (spread −0.063% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 23 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	10.756	0.0028	pay 0.0028% / 8h	1h 12m	$12.9M	$32.4M	75x
Short	Reya AVAXRUSDPERP	10.749	0.0245	get 0.0031% / 1h	12m 20s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now −0.063%Rate

Funding earned: $45.5
Price spread: −0.063% → 0.000%: −$6.29
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $18.21
Costs to cover: 0.210%
Break-even: 4.2 days

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	0.93 bp	15.4 bp −$15	23.8 bp −$238	40.2 bp −$4,024	63.2 bp −$31.6K
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
Nado AVAX-PERP	−0.0197%	1h	10.755	−0.005%	$282K	$340K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.732	−0.227%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.763	+0.069%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.754	−0.019%	$4.8M	$7.0M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.765	+0.082%	$12K	—	150x	as long as short
Gate AVAX_USDTlong	+0.0028%	8h	10.756	long leg	$12.9M	$32.4M	75x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.037%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.757	+0.007%	$12K	$212	20x	as long as short
SoDEX AVAX-USD	+0.0089%	1h	10.752	−0.037%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0089%	8h	10.749	−0.065%	$82.1M	$146.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.756	−0.001%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.759	+0.028%	$24K	$458K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.768	+0.112%	$37.4M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.756	−0.002%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.757	+0.011%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.755	−0.008%	$114.2M	$421.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.749	−0.065%	$18.9M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.758	+0.019%	$45.6M	$81.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.756	0.000%	$13.8M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.752	−0.037%	$32.5M	$48.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.753	−0.028%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.763	+0.065%	$439K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.739	−0.160%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.742	−0.130%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.760	+0.037%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.759	+0.028%	$231K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.787	+0.284%	$11K	$767K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.755	−0.014%	$327K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.749	−0.065%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.748	−0.074%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.749	−0.069%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.752	−0.035%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.761	+0.046%	$859K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.759	+0.028%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.749	−0.063%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.757	+0.007%	$227K	—	120x	as long as short