AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0145%/8h= −15.9% APRnext payment −$0.18 per $10,000 · paid last 24h +0.037%

Price spread now: Hyperliquid against Reya+0.067%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.067% dearer against Reya than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	10.675	0.0245	pay 0.0031% / 1h	22m 20s	$1K	—	20x
Short	Hyperliquid AVAX	10.682	0.0100	get 0.0013% / 1h	22m 20s	$36.7M	$41.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$30.4
Price spread: +0.067% → 0.000%: $6.75
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$38.65
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Hyperliquid: live order book, 11 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 Hyperliquid live order book, 11 min ago	0.94 bp	6.3 bp −$6	10.3 bp −$103	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.680	+0.047%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0162%	1h	10.677	+0.021%	$288K	$329K	10x	as long as short
Variational Omni AVAX	−0.0076%	8h	10.663	−0.115%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.687	+0.112%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.681	+0.058%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.680	+0.051%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0008%	8h	10.675	+0.002%	$13.1M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.798%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0089%	8h	10.684	+0.084%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0094%	8h	10.677	+0.021%	$81.5M	$139.6M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.688	+0.120%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.675	+0.002%	$25K	$467K	50x	as long as short
Hyperliquid AVAXshort	+0.0100%	1h	10.682	+0.067%	$36.7M	$41.7M	10x
Aster AVAXUSDT	+0.0100%	8h	10.679	+0.035%	$2.2M	$904K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.690	+0.143%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.678	+0.033%	$112.8M	$407.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.677	+0.021%	$18.7M	$107.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.680	+0.049%	$45.3M	$79.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.674	−0.007%	$13.7M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.677	+0.021%	$32.3M	$46.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.676	+0.011%	—	$53.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.696	+0.199%	$436K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.674	−0.008%	$335K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.678	+0.030%	$172K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.676	+0.011%	$134K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.686	+0.105%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.708	+0.311%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.679	+0.039%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.680	+0.044%	$325K	$863K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.691	+0.152%	$28.5M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.674	−0.011%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.678	+0.035%	$245K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.693	+0.171%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.668	−0.064%	$847K	$4.7M	50x	as long as short
Reya AVAXRUSDPERPlong	+0.0245%	1h	10.675	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.679	+0.040%	$225K	—	120x	as long as short