Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.059%

Price spread now: Reya against Binance−0.012%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropReya: 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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	10.594	0.0100	pay 0.0100% / 8h	2h 49m	$111.0M	$424.7M	75x
Short	Reya AVAXRUSDPERP	10.593	0.0244	get 0.0031% / 1h	49m 32s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now −0.012%Rate

Funding earned: $30.34
Price spread: −0.012% → 0.000%: −$1.23
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $13.11
Costs to cover: 0.160%
Break-even: 4.0 days

Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago	0.47 bp	7.6 bp −$8	13.7 bp −$137	39.4 bp −$3,941	133.6 bp −$66.8K
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	+1.568%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.593	−0.011%	$4.2M	$11.3M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0127%	1h	10.601	+0.067%	$4.8M	$7.6M	25x	as long as short
ApeX Omni AVAXUSDT	−0.0063%	1h	10.619	+0.237%	$171K	$666K	50x	as long as short
Polymarket Perps AVAX-USD	−0.0022%	1h	10.596	+0.020%	$130K	$345K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.599	+0.048%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.614	+0.193%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0017%	8h	10.601	+0.067%	$12.0M	$31.7M	75x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	+0.215%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0058%	1h	10.592	−0.018%	$369K	$534K	15x	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	+0.0096%	8h	10.606	+0.115%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.598	+0.044%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.595	+0.011%	$10K	$447K	50x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.588	−0.055%	$18K	$72K	10x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.595	+0.015%	$289K	$326K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.600	+0.058%	$38.2M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.589	−0.044%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.604	+0.096%	$267K	$130K	10x	as long as short
Binance AVAXUSDTlong	+0.0100%	8h	10.594	long leg	$111.0M	$424.7M	75x
Bybit AVAXUSDT	+0.0100%	8h	10.585	−0.084%	$78.5M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.590	−0.037%	$18.6M	$110.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.600	+0.058%	$40.7M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.599	+0.048%	$13.3M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.592	−0.018%	$31.3M	$48.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.603	+0.086%	—	$55.0M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.618	+0.229%	$335K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.612	+0.171%	$186K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.653	+0.557%	$12K	$738K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.599	+0.048%	$351K	$787K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.595	+0.011%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.594	−0.003%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.600	+0.055%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.589	−0.046%	$860K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.629	+0.332%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	10.593	−0.012%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.614	+0.190%	$232K	—	120x	as long as short