Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0144%/8h= −15.8% APRpaid last 24h −0.054%

Price spread now: Bitget against Reya+0.014%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 Bitget

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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	10.924	0.0244	pay 0.0031% / 1h	23m 51s	$1K	—	20x
Short	Bitget AVAXUSDT	10.925	0.0100	get 0.0100% / 8h	3h 23m	$33.0M	$47.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.014%Rate

Funding earned: −$30.32
Price spread: +0.014% → 0.000%: $1.36
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.96
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Bitget: 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 Bitget live order book, 5 min ago	0.46 bp	8.7 bp −$9	16.8 bp −$168	33.6 bp −$3,363	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	−0.1421%	1h	10.890	−0.307%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0025%	1h	10.925	+0.014%	$5.0M	$7.7M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.927	+0.031%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.927	+0.032%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.928	+0.040%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERP	+0.0030%	1h	10.924	0.000%	$284K	$317K	10x	as long as short
Gate AVAX_USDT	+0.0095%	8h	10.923	−0.005%	$12.2M	$32.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.927	+0.034%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.929	+0.050%	$15K	$452K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.927	+0.031%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.931	+0.072%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.933	+0.087%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.925	+0.015%	$114.9M	$425.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.920	−0.032%	$83.0M	$140.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.927	+0.032%	$19.9M	$112.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.925	+0.014%	$45.4M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.928	+0.041%	$15.2M	$21.7M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	10.925	+0.014%	$33.0M	$47.5M	75x
BingX AVAX-USDC	+0.0100%	8h	10.924	+0.004%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.926	+0.023%	$371K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.927	+0.036%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.942	+0.172%	$345K	$939K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.943	+0.178%	$176K	$666K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.928	+0.041%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.932	+0.078%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.957	+0.311%	$11K	$724K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.925	+0.014%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.925	+0.009%	$363K	$779K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.926	+0.023%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.918	−0.050%	$675K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.925	+0.009%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.929	+0.050%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.943	+0.178%	$890K	$5.1M	50x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	10.924	long leg	$1K	—	20x
Hyperliquid AVAX	+0.0288%	1h	10.940	+0.151%	$42.0M	$40.2M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0287%	1h	10.927	+0.032%	$234K	—	120x	as long as short