Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0145%/8h= +15.8% APRpaid last 24h +0.061%

Price spread now: Reya against OKX+0.017%7-day average — · you sell dearer than you buy

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

Long on OKX 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	10.718	0.0100	pay 0.0100% / 8h	1h 51m	$18.7M	$113.3M	50x
Short	Reya AVAXRUSDPERP	10.720	0.0245	get 0.0031% / 1h	51m 27s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against OKX. 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 OKXbpFee ReyabpOrdersPrice spread, now +0.017%Rate

Funding earned: $30.36
Price spread: +0.017% → 0.000%: $1.72
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $16.08
Costs to cover: 0.160%
Break-even: 3.3 days

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	0.47 bp	9.1 bp −$9	16.8 bp −$168	56.8 bp −$5,682	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
Nado AVAX-PERP	−0.0203%	1h	10.711	−0.065%	$287K	$339K	10x	as long as short
Variational Omni AVAX	−0.0033%	8h	10.709	−0.087%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.712	−0.053%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.715	−0.028%	$4.8M	$7.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.717	−0.006%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0033%	8h	10.708	−0.093%	$12.7M	$32.0M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.392%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0087%	1h	10.709	−0.084%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.715	−0.028%	$81.8M	$147.6M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0095%	8h	10.711	−0.061%	$12K	$212	20x	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	10.710	−0.077%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.713	−0.047%	$23K	$433K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.713	−0.047%	$37.5M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.710	−0.077%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.712	−0.056%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.717	−0.010%	$114.0M	$429.3M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	10.718	long leg	$18.7M	$113.3M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.711	−0.065%	$45.1M	$80.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.710	−0.075%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.721	+0.028%	$32.5M	$49.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.709	−0.084%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.707	−0.103%	$428K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.717	−0.009%	$347K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	+0.037%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.724	+0.056%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.723	+0.047%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.750	+0.299%	$12K	$764K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	−0.089%	$344K	$876K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	−0.084%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.706	−0.111%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.713	−0.047%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.712	−0.054%	$4.2M	$11.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.736	+0.168%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.714	−0.037%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.720	+0.017%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.717	−0.007%	$227K	—	120x	as long as short