Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0145%/8h= +15.9% APRpaid last 24h +0.053%

Price spread now: Reya against BingX−0.023%7-day average — · you buy dearer than you sell

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

Long on BingX Short on Reya

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 · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.023% cheaper against BingX than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDT	10.715	0.0100	pay 0.0100% / 8h	13m 28s	—	$53.5M	—
Short	Reya AVAXRUSDPERP	10.713	0.0245	get 0.0031% / 1h	13m 28s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now −0.023%Rate

Funding earned: $30.4
Price spread: −0.023% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.15
Costs to cover: 0.160%
Break-even: 4.2 days

Slippage unknown: BingX: live order book, 6 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 BingX live order book, 6 min ago	0.47 bp	5.5 bp −$5	5.7 bp −$57	10.6 bp −$1,064	20.9 bp −$10.5K
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
Nado AVAX-PERP	−0.0187%	1h	10.716	+0.014%	$289K	$328K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.727	+0.108%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.711	−0.039%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.718	+0.027%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.730	+0.140%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.717	+0.017%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0010%	8h	10.716	+0.009%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.420%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0091%	8h	10.715	−0.002%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.717	+0.023%	$1.2M	$2.4M	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	10.713	−0.019%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.722	+0.068%	$36.8M	$41.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.719	+0.035%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.720	+0.044%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.714	−0.009%	$113.4M	$406.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.713	−0.019%	$81.8M	$139.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.715	0.000%	$18.8M	$107.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.715	0.000%	$52.6M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.714	−0.009%	$13.8M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.714	−0.009%	$32.6M	$46.6M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	10.715	long leg	—	$53.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.734	+0.177%	$437K	$546K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.714	−0.010%	$344K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.716	+0.009%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.716	+0.009%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.723	+0.075%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.754	+0.366%	$11K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.727	+0.112%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.726	+0.107%	$327K	$859K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.726	+0.103%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.708	−0.061%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.725	+0.089%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.717	+0.019%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.733	+0.168%	$853K	$4.7M	50x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.713	−0.023%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.719	+0.034%	$226K	—	120x	as long as short