Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.048%

Price spread now: KuCoin against Reya+0.182%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 KuCoin

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 pays, funding is against you. KuCoin is 0.182% dearer against Reya than usual: you sell high and buy low (spread +0.182% 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 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	10.828	0.0244	pay 0.0031% / 1h	3m 35s	$1K	—	20x
Short	KuCoin AVAXUSDTM	10.848	0.0100	get 0.0100% / 8h	3h 03m	$14.9M	$21.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.182%Rate

Funding earned: −$30.33
Price spread: +0.182% → 0.000%: $18.22
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.11
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	0.92 bp	17.0 bp −$17	27.8 bp −$278	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 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	−0.1421%	1h	10.810	−0.169%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.838	+0.087%	$95K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.851	+0.210%	$4.9M	$7.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.852	+0.224%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.852	+0.221%	$4.2M	$10.9M	50x	as long as short
Nado AVAX-PERP	+0.0038%	1h	10.833	+0.046%	$281K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0039%	8h	10.832	+0.034%	$12.3M	$32.7M	75x	as long as short
Variational Omni AVAX	+0.0081%	8h	10.844	+0.142%	$2.8M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.834	+0.048%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.832	+0.034%	$7K	$436K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.833	+0.042%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.837	+0.081%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.839	+0.101%	$273K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.833	+0.039%	$113.6M	$415.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.827	−0.012%	$81.8M	$137.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.831	+0.025%	$19.5M	$108.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.833	+0.044%	$44.5M	$79.3M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.848	+0.182%	$14.9M	$21.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.827	−0.012%	$32.2M	$47.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.830	+0.016%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.852	+0.219%	$365K	$523K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.847	+0.171%	$341K	$942K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.856	+0.256%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.831	+0.025%	$127K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.855	+0.247%	$191K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.878	+0.458%	$12K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.849	+0.191%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.851	+0.214%	$357K	$766K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.852	+0.219%	$28.9M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.826	−0.019%	$667K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.846	+0.159%	$249K	—	3x	as long as short
Hyperliquid AVAX	+0.0187%	1h	10.844	+0.145%	$41.0M	$39.8M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.842	+0.127%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.850	+0.201%	$882K	$4.7M	50x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	10.828	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0276%	1h	10.852	+0.221%	$237K	—	120x	as long as short