Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.053%

Price spread now: BingX against Reya+0.084%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 BingX

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. BingX is 0.084% dearer against Reya than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	11.182	0.0244	pay 0.0030% / 1h	4m 23s	$1K	—	20x
Short	BingX AVAX-USDT	11.191	0.0100	get 0.0100% / 8h	7h 04m	—	$84.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$30.23
Price spread: +0.084% → 0.000%: $8.36
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$37.87
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; BingX: live order book, 5 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 BingX live order book, 5 min ago	0.89 bp	5.9 bp −$6	7.8 bp −$78	11.9 bp −$1,187	28.3 bp −$14.1K

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	11.150	−0.283%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0071%	1h	11.186	+0.039%	$293K	$680K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.190	+0.075%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.197	+0.141%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.191	+0.084%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.192	+0.095%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.187	+0.048%	$15K	$605K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.196	+0.132%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.187	+0.050%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.194	+0.114%	$297K	$107K	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	11.190	+0.075%	$119.6M	$474.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.192	+0.093%	$89.0M	$146.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.188	+0.057%	$20.0M	$130.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.186	+0.039%	$12.2M	$38.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.183	+0.012%	$50.8M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.190	+0.075%	$15.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.185	+0.030%	$34.0M	$53.0M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.191	+0.084%	—	$84.1M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.190	+0.075%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.188	+0.061%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.209	+0.245%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.211	+0.263%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.189	+0.066%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.194	+0.110%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.220	+0.343%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.193	+0.102%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.192	+0.091%	$364K	$942K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.192	+0.093%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.183	+0.011%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.188	+0.055%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.193	+0.098%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.191	+0.084%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.182	long leg	$1K	—	20x
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.199	+0.155%	$910K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.191	+0.084%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0663%	1h	11.203	+0.191%	$43.8M	$48.9M	10x	as long as short