AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h +0.035%

Price spread now: Hyperliquid against Reya+0.183%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.183% dearer against Reya than usual: you sell high and buy low (spread +0.183% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	10.846	0.0245	pay 0.0031% / 1h	52m 27s	$1K	—	20x
Short	Hyperliquid AVAX	10.866	0.0106	get 0.0013% / 1h	52m 27s	$36.2M	$37.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Reya. 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 ReyabpFee HyperliquidbpOrdersPrice spread, now +0.183%Rate

Funding earned: −$29.23
Price spread: +0.183% → 0.000%: $18.25
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$25.98
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 4 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 4 min ago	0.46 bp	6.5 bp −$6	12.8 bp −$128	doesn't fit	doesn't fit

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
Variational Omni AVAX	−0.0140%	8h	10.876	+0.270%	$3.1M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0119%	8h	10.859	+0.116%	$14.5M	$26.6M	75x	as long as short
SoDEX AVAX-USD	−0.0083%	1h	10.880	+0.310%	$19K	$68K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.885	+0.360%	$3.7M	$10.9M	50x	as long as short
Bybit AVAXUSDT	−0.0049%	8h	10.846	−0.004%	$84.6M	$131.6M	75x	as long as short
Phemex AVAXUSDT	−0.0042%	8h	10.878	+0.291%	$29.0M	$5.6M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0026%	1h	10.884	+0.347%	$5.0M	$6.6M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.868	+0.195%	$92K	$100K	10x	as long as short
Nado AVAX-PERP	+0.0001%	1h	10.849	+0.029%	$276K	$300K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.884	+0.347%	$23K	—	150x	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	−0.797%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0094%	8h	10.848	+0.015%	$19.3M	$102.2M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.868	+0.203%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.851	+0.042%	$23K	$438K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.868	+0.199%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.855	+0.075%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.869	+0.208%	$273K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.852	+0.049%	$114.6M	$373.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.854	+0.070%	$52.6M	$69.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.854	+0.070%	$14.2M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.850	+0.033%	$33.1M	$43.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.851	+0.042%	—	$39.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.883	+0.337%	$439K	$522K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.889	+0.390%	$343K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.893	+0.430%	$175K	$658K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.851	+0.042%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.858	+0.107%	$235K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.909	+0.574%	$12K	$772K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.878	+0.289%	$326K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.855	+0.078%	$615K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.876	+0.273%	$250K	—	3x	as long as short
Hyperliquid AVAXshort	+0.0106%	1h	10.866	+0.183%	$36.2M	$37.5M	10x
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.887	+0.374%	$861K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.879	+0.301%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0245%	1h	10.846	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.881	+0.318%	$230K	—	120x	as long as short