Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.051%

Price spread now: Paradex against Reya−0.013%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Paradex

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 · Paradex: 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: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	10.670	0.0245	pay 0.0031% / 1h	39m 32s	$1K	—	20x
Short	Paradex AVAX-USD-PERP	10.668	0.0088	get 0.0088% / 8h	1h 39m	$12K	$212	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$32.82
Price spread: −0.013% → 0.000%: −$1.33
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$44.14
Costs to cover: 0.100%
Break-even: never at this rate

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

Reya and Paradex: 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	−0.0177%	1h	10.666	−0.036%	$284K	$339K	10x	as long as short
Variational Omni AVAX	−0.0042%	8h	10.695	+0.232%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.675	+0.048%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.678	+0.076%	$4.8M	$7.2M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.688	+0.168%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0025%	8h	10.666	−0.036%	$12.7M	$32.1M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.845%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0063%	1h	10.674	+0.039%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERPshort	+0.0088%	8h	10.668	−0.013%	$12K	$212	20x
Bybit AVAXUSDT	+0.0092%	8h	10.670	+0.001%	$80.9M	$147.2M	75x	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	10.663	−0.064%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.671	+0.011%	$22K	$428K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.679	+0.086%	$37.2M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.674	+0.039%	$2.1M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.670	+0.003%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.672	+0.020%	$113.3M	$426.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.670	+0.001%	$18.7M	$112.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.668	−0.017%	$44.6M	$80.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.669	−0.008%	$13.7M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.672	+0.020%	$32.3M	$48.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.667	−0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.670	+0.001%	$435K	$565K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.699	+0.278%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.704	+0.320%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.675	+0.048%	$135K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.686	+0.151%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.718	+0.450%	$11K	$765K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.683	+0.127%	$342K	$874K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.684	+0.133%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.661	−0.084%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.674	+0.036%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.681	+0.106%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.711	+0.386%	$935K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.696	+0.245%	$4.7M	$5.6M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0245%	1h	10.670	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.687	+0.161%	$226K	—	120x	as long as short