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 +0.043%

Price spread now: Reya against HTX−0.129%7-day average — · you buy dearer than you sell

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

Long on HTX 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

Funding pays, the price is against you. Reya is 0.129% cheaper against HTX than usual: you would sell low and buy high (spread −0.129% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 3.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	10.604	0.0100	pay 0.0100% / 8h	2h 48m	$351K	$787K	75x
Short	Reya AVAXRUSDPERP	10.591	0.0244	get 0.0031% / 1h	48m 21s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now −0.129%Rate

Funding earned: $30.34
Price spread: −0.129% → 0.000%: −$12.91
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$0.57
Costs to cover: 0.180%
Break-even: 7.1 days

Slippage unknown: HTX: live order book, 5 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 HTX live order book, 5 min ago	24.18 bp	55.3 bp −$55	162.5 bp −$1,625	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	+1.466%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.598	−0.058%	$4.2M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	−0.0063%	1h	10.619	+0.137%	$171K	$666K	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0033%	1h	10.592	−0.118%	$4.8M	$7.6M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0013%	1h	10.599	−0.052%	$130K	$345K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.595	−0.089%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.598	−0.061%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0015%	8h	10.596	−0.080%	$12.0M	$31.7M	75x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	+0.114%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0053%	1h	10.594	−0.099%	$369K	$532K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AVAX-PERP	+0.0093%	1h	10.601	−0.033%	$290K	$326K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.589	−0.148%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.590	−0.136%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.597	−0.071%	$10K	$447K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.602	−0.024%	$38.2M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.586	−0.172%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.601	−0.038%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.596	−0.080%	$111.1M	$425.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.594	−0.099%	$78.6M	$142.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.599	−0.052%	$18.6M	$110.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.597	−0.071%	$41.0M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.597	−0.071%	$13.5M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.587	−0.165%	$31.4M	$48.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.593	−0.108%	—	$54.7M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.618	+0.128%	$335K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.598	−0.061%	$165K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.620	+0.144%	$11K	$740K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.590	−0.137%	$18K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.604	long leg	$351K	$787K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.600	−0.042%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.585	−0.183%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.591	−0.132%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.598	−0.061%	$856K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.599	−0.052%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	10.591	−0.129%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0277%	1h	10.597	−0.075%	$230K	—	120x	as long as short