Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0145%/8h= +15.8% APRpaid last 24h +0.043%

Price spread now: Reya against SunX−0.362%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Reya

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

Funding pays, the price is against you. Reya is 0.362% cheaper against SunX than usual: you would sell low and buy high (spread −0.362% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$36 on $10k: about 8.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX AVAX-USDT	10.695	0.0100	pay 0.0100% / 8h	36m 30s	$12K	$769K	20x
Short	Reya AVAXRUSDPERP	10.656	0.0245	get 0.0031% / 1h	36m 30s	$1K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against SunX. 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 SunXbpFee ReyabpOrdersPrice spread, now −0.362%Rate

Funding earned: $30.39
Price spread: −0.362% → 0.000%: −$36.24
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$19.84
Costs to cover: 0.140%
Break-even: 11.6 days

Slippage unknown: SunX: live order book, 15 min ago; Reya: no order-book sample. 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 SunX live order book, 15 min ago	41.88 bp	55.4 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	10.659	−0.338%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERP	−0.0135%	1h	10.649	−0.427%	$288K	$335K	10x	as long as short
Variational Omni AVAX	−0.0074%	8h	10.700	+0.049%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.661	−0.320%	$4.8M	$6.9M	25x	as long as short
Gate AVAX_USDT	−0.0003%	8h	10.661	−0.320%	$13.0M	$30.7M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.658	−0.349%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.662	−0.309%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.606%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0086%	8h	10.650	−0.423%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.649	−0.432%	$81.2M	$141.0M	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	10.656	−0.367%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.649	−0.432%	$25K	$469K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.672	−0.217%	$36.7M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.658	−0.350%	$2.2M	$904K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.659	−0.335%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.650	−0.423%	$112.8M	$412.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.653	−0.395%	$18.7M	$108.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.656	−0.367%	$45.4M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.661	−0.320%	$13.7M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.654	−0.385%	$32.3M	$47.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.651	−0.413%	—	$54.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.665	−0.282%	$435K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.674	−0.202%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.711	+0.148%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.662	−0.310%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.668	−0.254%	$231K	$255K	20x	as long as short
SunX AVAX-USDTlong	+0.0100%	8h	10.695	long leg	$12K	$769K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.660	−0.329%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.659	−0.343%	$324K	$867K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.659	−0.338%	$28.4M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.646	−0.464%	$607K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.627	−0.641%	$244K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.663	−0.301%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.671	−0.226%	$849K	$4.7M	50x	as long as short
Reya AVAXRUSDPERPshort	+0.0245%	1h	10.656	−0.362%	$1K	—	20x
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.662	−0.307%	$225K	—	120x	as long as short