Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.114%

Price spread now: Reya against Variational Omni−0.094%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.094% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 27 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni AVAX	10.729	−0.0030	get 0.0030% / 8h	2h 02m	$2.8M	$2.1M	—
Short	Reya AVAXRUSDPERP	10.719	0.0245	get 0.0031% / 1h	2m 12s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ReyabpOrdersPrice spread, now −0.094%Rate

Funding earned: $57.7
Price spread: −0.094% → 0.000%: −$9.43
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $42.27
Costs to cover: 0.060%
Break-even: 1.9 days

Slippage unknown: Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	3.21 bp	doesn't fit	15.1 bp −$151	doesn't fit	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
Injective AVAX/USDC PERP	−0.1423%	1h	10.760	+0.292%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.728	−0.008%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0103%	1h	10.713	−0.141%	$287K	$340K	10x	as long as short
Variational Omni AVAXlong	−0.0030%	8h	10.729	long leg	$2.8M	$2.1M	—
dYdX AVAX-USD	0.0000%	1h	10.718	−0.100%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.724	−0.043%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.722	−0.065%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0040%	8h	10.719	−0.090%	$12.6M	$33.3M	75x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.724	−0.043%	$82.2M	$149.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.723	−0.057%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.721	−0.071%	$18K	$432K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.715	−0.129%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.731	+0.022%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.725	−0.037%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.720	−0.080%	$268K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.725	−0.031%	$114.4M	$432.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.724	−0.043%	$18.8M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.720	−0.080%	$45.5M	$81.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.718	−0.099%	$13.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.722	−0.062%	$32.5M	$49.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.720	−0.080%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.726	−0.024%	$428K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.721	−0.072%	$335K	$999K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.743	+0.134%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.722	−0.062%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	−0.015%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.744	+0.143%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.724	−0.043%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.725	−0.038%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.727	−0.015%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.717	−0.110%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.718	−0.102%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.738	+0.087%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.727	−0.015%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.719	−0.094%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.721	−0.070%	$227K	—	120x	as long as short