Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.051%

Price spread now: Reya against Paradex−0.146%7-day average — · you buy dearer than you sell

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

Long on Paradex 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 airdropParadex: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.146% cheaper against Paradex than usual: you would sell low and buy high (spread −0.146% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 3.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex AVAX-USD-PERP	10.629	0.0096	pay 0.0096% / 8h	2h 44m	$12K	$212	20x
Short	Reya AVAXRUSDPERP	10.614	0.0244	get 0.0031% / 1h	44m 14s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Paradex. 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 ParadexbpFee ReyabpOrdersPrice spread, now −0.146%Rate

Funding earned: $31.24
Price spread: −0.146% → 0.000%: −$14.58
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $6.65
Costs to cover: 0.100%
Break-even: 5.5 days

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Paradex and 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	10.760	+1.230%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.623	−0.057%	$4.2M	$11.3M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.625	−0.044%	$93K	$101K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.621	−0.078%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.616	−0.125%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0016%	8h	10.613	−0.153%	$12.1M	$31.9M	75x	as long as short
Variational Omni AVAX	+0.0026%	8h	10.572	−0.542%	$2.8M	$2.2M	—	as long as short
Polymarket Perps AVAX-USD	+0.0029%	1h	10.618	−0.106%	$131K	$346K	10x	as long as short
Nado AVAX-PERP	+0.0033%	1h	10.612	−0.163%	$287K	$325K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0086%	1h	10.590	−0.370%	$171K	$665K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack AVAX_USDC_PERP	+0.0091%	1h	10.615	−0.135%	$373K	$534K	15x	as long as short
Paradex AVAX-USD-PERPlong	+0.0096%	8h	10.629	long leg	$12K	$212	20x
Lighter AVAX	+0.0096%	1h	10.617	−0.116%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.615	−0.135%	$12K	$442K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.620	−0.088%	$38.3M	$43.2M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.619	−0.097%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.629	−0.004%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.617	−0.117%	$111.4M	$425.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.608	−0.200%	$78.7M	$143.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.608	−0.200%	$18.6M	$110.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.612	−0.163%	$41.4M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.610	−0.182%	$13.3M	$22.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.612	−0.163%	$31.7M	$48.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.615	−0.135%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.578	−0.483%	$333K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.622	−0.069%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.646	+0.159%	$12K	$744K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.616	−0.125%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.613	−0.158%	$351K	$794K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.618	−0.106%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.613	−0.152%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.615	−0.135%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.625	−0.041%	$847K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.612	−0.163%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	10.614	−0.146%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0281%	1h	10.616	−0.126%	$229K	—	120x	as long as short