AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0149%/8h= −16.3% APRnext payment −$0.19 per $10,000 · paid last 24h −0.044%

Price spread now: Lighter against Reya+0.056%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.056% dearer against Reya than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	10.910	0.0245	pay 0.0031% / 1h	3m 54s	$1K	—	20x
Short	Lighter AVAX	10.916	0.0096	get 0.0012% / 1h	3m 54s	$1.2M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$31.32
Price spread: +0.056% → 0.000%: $5.55
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$31.77
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Lighter: 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 Lighter live order book, 6 min ago	2.48 bp	2.8 bp −$3	10.5 bp −$105	84.8 bp −$8,476	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 exchanges

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
Variational Omni AVAX	−0.0159%	8h	10.914	+0.032%	$3.1M	$2.0M	—	as long as short
Gate AVAX_USDT	−0.0102%	8h	10.916	+0.054%	$14.9M	$26.9M	75x	as long as short
Bybit AVAXUSDT	−0.0073%	8h	10.904	−0.056%	$85.0M	$129.7M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.920	+0.091%	$3.8M	$10.7M	50x	as long as short
Phemex AVAXUSDT	−0.0055%	8h	10.915	+0.045%	$29.1M	$5.5M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.923	+0.119%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.920	+0.090%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.918	+0.077%	$24K	—	150x	as long as short
Nado AVAX-PERP	+0.0008%	1h	10.913	+0.026%	$279K	$273K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0030%	1h	10.914	+0.035%	$60K	$366K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.376%	$17K	$151K	12x	as long as short
SoDEX AVAX-USD	+0.0052%	1h	10.916	+0.054%	$19K	$65K	10x	as long as short
OKX AVAX-USDT-SWAP	+0.0054%	8h	10.901	−0.084%	$19.4M	$99.8M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.915	+0.044%	$12K	$62	20x	as long as short
MEXC AVAX_USDT	+0.0095%	8h	10.901	−0.084%	$53.6M	$70.5M	200x	as long as short
Binance AVAXUSDT	+0.0095%	8h	10.914	+0.031%	$114.9M	$364.4M	75x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.916	+0.056%	$1.2M	$1.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.917	+0.063%	$25K	$429K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.930	+0.182%	$36.4M	$36.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.916	+0.051%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.923	+0.119%	$275K	$86K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.916	+0.054%	$14.4M	$18.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.896	−0.130%	$33.2M	$42.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.915	+0.045%	—	$38.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.918	+0.072%	$392K	$566K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.895	−0.140%	$342K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.898	−0.111%	$155K	$679K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.925	+0.136%	$239K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.946	+0.330%	$12K	$773K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.923	+0.121%	$329K	$901K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.895	−0.140%	$621K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.912	+0.017%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.930	+0.182%	$857K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0215%	8h	10.924	+0.127%	$4.7M	$5.2M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0245%	1h	10.910	long leg	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.924	+0.126%	$242K	—	120x	as long as short