AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1667%/8h= +182.6% APRnext payment +$2.08 per $10,000 · paid last 24h +0.328%

Price spread now: Reya against Injective−1.405%52s7-day average — · you buy dearer than you sell

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

Long on Injective 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 1.405% cheaper against Injective than usual: you would sell low and buy high (spread −1.405% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$141 on $10k: about 2.8 days of funding at the current rate (+$50 a day). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	10.760	−0.1423	get 0.0178% / 1h	49m 42s	$17K	$152K	12x
Short	Reya AVAXRUSDPERP	10.609	0.0244	get 0.0031% / 1h	49m 42s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Injective. 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 InjectivebpFee ReyabpOrdersPrice spread, now −1.405%Rate

Funding earned: $350.13
Price spread: −1.405% → 0.000%: −$140.51
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: $203.59
Costs to cover: 0.060%
Break-even: 2.9 days

Slippage unknown: Injective: live order book, 64 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 Injective live order book, 64 min ago	40.93 bp	59.0 bp −$59	doesn't fit	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 PERPlong	−0.1423%	1h	10.760	long leg	$17K	$152K	12x
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.593	−1.555%	$4.2M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	−0.0251%	1h	10.655	−0.976%	$172K	$666K	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0127%	1h	10.601	−1.478%	$4.8M	$7.6M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0019%	1h	10.612	−1.375%	$131K	$345K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.599	−1.496%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.614	−1.354%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0014%	8h	10.590	−1.580%	$12.0M	$31.7M	75x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	−1.332%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0058%	1h	10.592	−1.561%	$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	−1.431%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.598	−1.501%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.610	−1.394%	$9K	$444K	50x	as long as short
SoDEX AVAX-USD	+0.0097%	1h	10.588	−1.599%	$18K	$72K	10x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.613	−1.366%	$281K	$322K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.600	−1.487%	$38.2M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.594	−1.545%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.604	−1.450%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.600	−1.487%	$111.1M	$425.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.596	−1.524%	$78.6M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.607	−1.422%	$18.6M	$110.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.600	−1.487%	$40.7M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.599	−1.496%	$13.3M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.591	−1.571%	$31.3M	$48.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.603	−1.459%	—	$55.0M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.654	−0.988%	$336K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.612	−1.375%	$186K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.653	−0.995%	$12K	$738K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.599	−1.496%	$351K	$787K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.595	−1.533%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.588	−1.600%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.600	−1.490%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.589	−1.589%	$860K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.629	−1.217%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	10.609	−1.405%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.614	−1.356%	$232K	—	120x	as long as short