AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h −0.065%

Price spread now: Backpack against Reya+0.145%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Backpack

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 pays, funding is against you. Backpack is 0.145% dearer against Reya than usual: you sell high and buy low (spread +0.145% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	11.125	0.0244	pay 0.0030% / 1h	31m 41s	$1K	—	20x
Short	Backpack AVAX_USDC_PERP	11.141	0.0100	get 0.0013% / 1h	31m 41s	$356K	$558K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Reya. 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 ReyabpFee BackpackbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$30.22
Price spread: +0.145% → 0.000%: $14.53
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$31.69
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Backpack: live order book, 42 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Backpack live order book, 42 min ago	0.44 bp	8.4 bp −$8	33.6 bp −$336	doesn't fit	doesn't fit

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	−0.1363%	1h	11.090	−0.313%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.136	+0.100%	$5.3M	$8.6M	25x	as long as short
Nado AVAX-PERP	−0.0051%	1h	11.122	−0.021%	$292K	$831K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.145	+0.179%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.131	+0.054%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.146	+0.188%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.120	−0.043%	$18K	$627K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.117	−0.071%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.144	+0.177%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.123	−0.018%	$295K	$106K	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	11.147	+0.201%	$118.6M	$487.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.148	+0.208%	$88.7M	$149.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.147	+0.199%	$19.9M	$134.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.142	+0.154%	$12.2M	$38.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.143	+0.163%	$48.9M	$88.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.147	+0.199%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.144	+0.172%	$33.8M	$54.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.142	+0.154%	—	$85.0M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	11.141	+0.145%	$356K	$558K	15x
Variational Omni AVAX	+0.0100%	8h	11.134	+0.080%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.017%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.135	+0.091%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.128	+0.028%	$131K	$375K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.142	+0.154%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.254%	$12K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.138	+0.118%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.136	+0.096%	$361K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.138	+0.118%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.142	+0.152%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.132	+0.060%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.141	+0.143%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.133	+0.073%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.125	long leg	$1K	—	20x
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.140	+0.136%	$905K	$6.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.131	+0.060%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0682%	1h	11.163	+0.343%	$43.5M	$51.0M	10x	as long as short