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 −0.114%

Price spread now: Variational Omni against Reya+0.092%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.092% dearer against Reya than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya AVAXRUSDPERP	11.170	0.0244	pay 0.0030% / 1h	25m 27s	$1K	—	20x
Short	Variational Omni AVAX	11.181	0.0100	get 0.0100% / 8h	7h 25m	$2.9M	$2.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.092%Rate

Funding earned: −$30.22
Price spread: +0.092% → 0.000%: $9.24
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$26.98
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	3.19 bp	doesn't fit	14.3 bp −$143	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.090	−0.719%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0047%	1h	11.165	−0.048%	$293K	$829K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.180	+0.087%	$5.3M	$8.6M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.178	+0.070%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.182	+0.103%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.177	+0.060%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.171	+0.006%	$17K	$618K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.164	−0.052%	$13K	$405	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.180	+0.091%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.178	+0.065%	$297K	$100K	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	11.172	+0.015%	$119.0M	$481.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.172	+0.015%	$88.9M	$148.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.171	+0.006%	$20.0M	$132.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.176	+0.051%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.173	+0.024%	$49.1M	$88.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.177	+0.060%	$15.4M	$23.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.174	+0.033%	$33.9M	$54.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.168	−0.021%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.176	+0.051%	$357K	$551K	15x	as long as short
Variational Omni AVAXshort	+0.0100%	8h	11.181	+0.092%	$2.9M	$2.2M	—
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.162	−0.072%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	−0.066%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.175	+0.042%	$131K	$373K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.189	+0.167%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.212	+0.374%	$11K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.182	+0.104%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.182	+0.109%	$362K	$950K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.182	+0.104%	$30.0M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.162	−0.074%	$670K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.180	+0.087%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.186	+0.141%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.154	−0.146%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERPlong	+0.0244%	1h	11.170	long leg	$1K	—	20x
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.173	+0.024%	$908K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.181	+0.097%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0690%	1h	11.190	+0.176%	$43.7M	$51.1M	10x	as long as short