Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.048%

Price spread now: Reya against KuCoin+0.006%49s7-day average — · you sell dearer than you buy

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

Long on KuCoin 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. The two prices were read 49 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	KuCoin AVAXUSDTM	10.999	0.0100	pay 0.0100% / 8h	4h 08m	$15.5M	$21.7M	75x
Short	Reya AVAXRUSDPERP	11.000	0.0244	get 0.0031% / 1h	8m 38s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now +0.006%Rate

Funding earned: $30.3
Price spread: +0.006% → 0.000%: $0.63
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $12.93
Costs to cover: 0.180%
Break-even: 4.0 days

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	1.36 bp	17.6 bp −$18	36.4 bp −$364	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	10.940	−0.536%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.998	−0.009%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0012%	1h	11.001	+0.018%	$286K	$372K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.996	−0.028%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.003	+0.037%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.995	−0.034%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.995	−0.036%	$16K	$548K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.994	−0.045%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.993	−0.057%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.001	+0.014%	$277K	$129K	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	10.995	−0.034%	$115.9M	$430.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.990	−0.082%	$85.0M	$139.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.996	−0.027%	$20.2M	$114.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.995	−0.036%	$12.1M	$34.5M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.995	−0.036%	$46.2M	$78.7M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	10.999	long leg	$15.5M	$21.7M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.990	−0.082%	$32.9M	$47.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.990	−0.082%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.999	0.000%	$331K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.006	+0.068%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.015	+0.143%	$351K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.017	+0.164%	$177K	$669K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.004	+0.045%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.008	+0.082%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.033	+0.310%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.998	−0.009%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.988	−0.104%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.998	−0.009%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.989	−0.092%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.997	−0.023%	$253K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.001	+0.015%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.996	−0.027%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.008	+0.082%	$891K	$5.3M	50x	as long as short
Reya AVAXRUSDPERPshort	+0.0244%	1h	11.000	+0.006%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.004	+0.043%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0485%	1h	11.009	+0.091%	$42.7M	$41.9M	10x	as long as short