Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.043%

Price spread now: Reya against HTX+0.032%7-day average — · you sell dearer than you buy

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

Long on HTX 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 +$4 a day on $10k at the current rate, and Reya is 0.032% dearer against HTX than usual: you sell high and buy low: +$3 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	HTX AVAX-USDT	11.173	0.0100	pay 0.0100% / 8h	7h 52m	$361K	$980K	75x
Short	Reya AVAXRUSDPERP	11.177	0.0244	get 0.0030% / 1h	52m 07s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now +0.032%Rate

Funding earned: $30.21
Price spread: +0.032% → 0.000%: $3.16
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $15.37
Costs to cover: 0.180%
Break-even: 3.4 days

Slippage unknown: HTX: live order book, 7 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 HTX live order book, 7 min ago	27.31 bp	44.9 bp −$45	119.1 bp −$1,191	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	−0.1363%	1h	11.130	−0.388%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0198%	1h	11.161	−0.110%	$5.3M	$8.8M	25x	as long as short
Nado AVAX-PERP	−0.0018%	1h	11.180	+0.064%	$293K	$861K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.198	+0.221%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.181	+0.068%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0037%	8h	11.167	−0.056%	$12.2M	$37.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.165	−0.079%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	+0.051%	$18K	$652K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.196	+0.201%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.166	−0.065%	$2.3M	$1.7M	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	11.199	+0.227%	$297K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.160	−0.119%	$119.2M	$507.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.161	−0.110%	$88.9M	$152.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.158	−0.137%	$20.1M	$139.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.165	−0.074%	$49.5M	$87.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.171	−0.021%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.163	−0.092%	$33.8M	$56.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.159	−0.128%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.160	−0.119%	$357K	$562K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.210	+0.328%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.219	+0.409%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	+0.391%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.181	+0.069%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.174	+0.006%	$203K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.225	+0.463%	$12K	$736K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.164	−0.083%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.173	long leg	$361K	$980K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.166	−0.065%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.161	−0.113%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.164	−0.084%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.166	−0.065%	$4.5M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	+0.203%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.177	+0.032%	$1K	—	20x
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.176	+0.024%	$904K	$7.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.180	+0.057%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0649%	1h	11.179	+0.051%	$43.6M	$53.6M	10x	as long as short