Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0234%/8h= −25.6% APRpaid last 24h −0.073%

Price spread now: Gate against Reya+0.016%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 Gate

What this pair did over the last

the charts below follow

Funding, last 4 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: −$7 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	10.709	0.0245	pay 0.0031% / 1h	8m 12s	$1K	—	20x
Short	Gate AVAX_USDT	10.711	0.0011	get 0.0011% / 8h	8m 12s	$13.2M	$30.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: −$49.1
Price spread: +0.016% → 0.000%: $1.64
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$68.46
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Gate: live order book, 6 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 Gate live order book, 6 min ago	0.93 bp	15.5 bp −$15	23.8 bp −$238	38.1 bp −$3,805	65.4 bp −$32.7K

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
Nado AVAX-PERP	−0.0201%	1h	10.712	+0.030%	$289K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.713	+0.037%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0076%	8h	10.702	−0.066%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.718	+0.086%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.716	+0.063%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.716	+0.062%	$12K	—	150x	as long as short
Gate AVAX_USDTshort	+0.0011%	8h	10.711	+0.016%	$13.2M	$30.9M	75x
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.474%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.713	+0.031%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.711	+0.016%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.715	+0.054%	$25K	$467K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.722	+0.119%	$36.7M	$40.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.713	+0.032%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.718	+0.082%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.711	+0.021%	$113.4M	$404.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.711	+0.016%	$81.8M	$139.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.713	+0.035%	$18.8M	$107.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.713	+0.035%	$52.8M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.713	+0.035%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.716	+0.063%	$32.7M	$46.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.712	+0.026%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.718	+0.082%	$440K	$545K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.708	−0.012%	$337K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.709	−0.002%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.714	+0.044%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.720	+0.100%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.745	+0.329%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.711	+0.016%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.710	+0.012%	$327K	$857K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.712	+0.026%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.710	+0.007%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.711	+0.016%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.717	+0.072%	$4.6M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.724	+0.138%	$852K	$4.7M	50x	as long as short
Reya AVAXRUSDPERPlong	+0.0245%	1h	10.709	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.715	+0.055%	$226K	—	120x	as long as short