Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.077%

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

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

Long on Bybit 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.023% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	11.176	0.0100	pay 0.0100% / 8h	4h 40m	$88.8M	$137.6M	75x
Short	Reya AVAXRUSDPERP	11.179	0.0244	get 0.0031% / 1h	40m 09s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bybit. 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 BybitbpFee ReyabpOrdersPrice spread, now +0.023%Rate

Funding earned: $30.29
Price spread: +0.023% → 0.000%: $2.33
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: $15.62
Costs to cover: 0.170%
Break-even: 3.4 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.45 bp	7.6 bp −$8	13.8 bp −$138	41.9 bp −$4,189	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	11.080	−0.859%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0038%	1h	11.179	+0.027%	$288K	$373K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.173	−0.023%	$98K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.178	+0.018%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.176	0.000%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.175	−0.005%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.180	+0.036%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.175	−0.009%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.181	+0.042%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.182	+0.049%	$292K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.169	−0.063%	$118.5M	$427.2M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	11.176	long leg	$88.8M	$137.6M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.172	−0.036%	$20.4M	$116.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.174	−0.018%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.174	−0.018%	$48.2M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.182	+0.054%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.174	−0.018%	$33.5M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.175	−0.009%	—	$79.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	+0.009%	$338K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	−0.130%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.232%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	−0.206%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.186	+0.089%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.186	+0.089%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.210	+0.302%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.176	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.178	+0.022%	$368K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.173	−0.027%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.175	−0.008%	$684K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.178	+0.018%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.182	+0.051%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.167	−0.081%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.184	+0.072%	$894K	$5.3M	50x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.179	+0.023%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.176	0.000%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0614%	1h	11.188	+0.107%	$43.4M	$42.5M	10x	as long as short