Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.043%

Price spread now: Reya against KuCoin−0.061%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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 0.061% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 33 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	KuCoin AVAXUSDTM	10.932	0.0100	pay 0.0100% / 8h	6h 00m	$14.3M	$19.1M	75x
Short	Reya AVAXRUSDPERP	10.925	0.0245	get 0.0031% / 1h	0m 10s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now −0.061%Rate

Funding earned: $30.46
Price spread: −0.061% → 0.000%: −$6.05
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $6.41
Costs to cover: 0.180%
Break-even: 5.5 days

Slippage unknown: KuCoin: 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 KuCoin live order book, 2 min ago	0.46 bp	14.0 bp −$14	28.1 bp −$281	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 exchanges

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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.934	+0.016%	$3.8M	$11.0M	50x	as long as short
Variational Omni AVAX	−0.0139%	8h	10.909	−0.211%	$3.1M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0091%	8h	10.928	−0.037%	$14.6M	$28.6M	75x	as long as short
Phemex AVAXUSDT	−0.0030%	8h	10.930	−0.018%	$29.1M	$5.6M	50x	as long as short
Bybit AVAXUSDT	−0.0029%	8h	10.924	−0.073%	$85.2M	$133.1M	75x	as long as short
Nado AVAX-PERP	−0.0007%	1h	10.923	−0.082%	$278K	$302K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.932	−0.003%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.934	+0.018%	$5.0M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.921	−0.105%	$23K	—	150x	as long as short
SoDEX AVAX-USD	+0.0003%	1h	10.929	−0.027%	$19K	$68K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.573%	$17K	$151K	12x	as long as short
Lighter AVAX	+0.0096%	1h	10.930	−0.022%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.926	−0.055%	$23K	$442K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.932	+0.001%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.932	0.000%	$2.3M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.931	−0.009%	$275K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.930	−0.020%	$115.5M	$376.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.924	−0.073%	$19.5M	$103.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.928	−0.037%	$53.7M	$73.5M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.932	long leg	$14.3M	$19.1M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.928	−0.037%	$33.2M	$44.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.927	−0.046%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.926	−0.055%	$441K	$527K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.913	−0.175%	$350K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.929	−0.027%	$176K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.928	−0.037%	$138K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.937	+0.046%	$236K	$218K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.959	+0.243%	$12K	$774K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.914	−0.165%	$327K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.924	−0.074%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.119	+1.708%	$255K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	10.924	−0.073%	$863K	$5.1M	50x	as long as short
Hyperliquid AVAX	+0.0215%	1h	10.945	+0.120%	$36.4M	$38.1M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.922	−0.091%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.925	−0.061%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.933	+0.005%	$231K	—	120x	as long as short