Funding you earn now, next payment 22:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.015%
Price spread now: Nado against Aevo+0.281%50s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1,12811.276% of the position
Funding, last 3 days (all we have)−0.027%−$3 on $10k
+Price spread, last 3 days (all we have)−0.017%−$2 · spread now +0.281%, 7d avg +0.028%
=Together, before fees−0.045%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.253% dearer against Aevo than usual: you sell high and buy low (spread +0.281% now, against its 7-day average of +0.028%): +$25 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.2 days. At the pace of the last 3 days (−0.027% in total) that is about 29 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.027% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aevo AVAX-PERP | 11.262 | 0.0104 | pay 0.0013% / 1h | 27m 29s | $259K | — | 3x |
| Short | Nado AVAX-PERP | 11.293 | −0.0096 | pay 0.0012% / 1h | 27m 29s | $298K | $960K | 10x |
Aevo AVAX-PERP
Nado AVAX-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Aevo. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.98
- Price spread: +0.281% → +0.028%
- $25.31
- Slippage, 4 orders
- −$1,104.56
- Fee Aevo: 8 bp × 2 orders
- −$16
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$1,144.23
- Costs to cover
- 11.276%
- Break-even
- never at this rate
Slippage from Aevo: live order book, 61 min ago; Nado: live order book, 61 min ago.
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 Aevo live order book, 61 min ago | 256.32 bp | 563.2 bp −$563 | doesn't fit | doesn't fit | doesn't fit |
| Sell Nado live order book, 61 min ago | 1.36 bp | 6.5 bp −$7 | 16.9 bp −$169 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AVAX | −0.0142% | 8h | 11.251 | −0.097% | $2.9M | $2.1M | — | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0105% | 1h | 11.267 | +0.045% | $5.3M | $9.4M | 25x | as long as short |
| Nado AVAX-PERPshort | −0.0096% | 1h | 11.293 | +0.281% | $298K | $960K | 10x | |
| Injective AVAX/USDC PERP | −0.0043% | 1h | 11.100 | −1.438% | $17K | $127K | 12x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.280 | +0.163% | $99K | $115K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.269 | +0.063% | $13K | — | 150x | as long as short |
| Extended AVAX-USD | +0.0024% | 1h | 11.284 | +0.198% | $672K | $2.3M | 25x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0056% | 1h | 11.282 | +0.178% | $914K | $8.2M | 50x | as long as short |
| Gate AVAX_USDT | +0.0061% | 8h | 11.278 | +0.143% | $12.6M | $40.0M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0061% | 8h | 11.300 | +0.338% | $20.1M | $148.7M | 50x | as long as short |
Variational Omni AVAX
Deribit AVAX_USDC-PERPETUAL
Injective AVAX/USDC PERP
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Extended AVAX-USD
Coinbase International AVAX-PERP-INTX
Gate AVAX_USDT
OKX AVAX-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex AVAXUSDT | +0.0068% | 8h | 11.267 | +0.045% | $30.2M | $4.8M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0082% | 8h | 11.278 | +0.143% | $55.4M | $109.6M | 200x | as long as short |
| Binance AVAXUSDT | +0.0083% | 8h | 11.294 | +0.288% | $121.1M | $537.1M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0091% | 8h | 11.298 | +0.321% | $88.3M | $154.0M | 75x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.279 | +0.152% | $1.2M | $3.1M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.292 | +0.267% | $9K | $700K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0096% | 8h | 11.278 | +0.144% | $13K | $766 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.281 | +0.172% | $2.3M | $1.9M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 11.283 | +0.191% | $300K | $122K | 10x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.283 | +0.187% | $16.1M | $24.5M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.296 | +0.303% | $34.8M | $61.2M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 11.291 | +0.258% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.272 | +0.090% | $334K | $563K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.246 | −0.138% | $356K | $910K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.249 | −0.115% | $181K | $684K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.299 | +0.329% | $131K | $483K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.275 | +0.116% | $203K | $302K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.297 | +0.308% | $12K | $716K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.265 | +0.028% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.262 | −0.003% | $362K | $1.1M | 75x | as long as short |
| Aevo AVAX-PERPlong | +0.0104% | 1h | 11.262 | long leg | $259K | — | 3x | |
| BloFin AVAX-USDT | +0.0200% | 8h | 11.263 | +0.010% | $5.0M | $8.5M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.295 | +0.295% | $1K | — | 20x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0255% | 1h | 11.276 | +0.123% | $4.7M | $13.5M | 50x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0405% / S −0.0245% | 1h | 11.271 | +0.078% | $243K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0565% | 1h | 11.298 | +0.321% | $43.7M | $58.5M | 10x | as long as short |
Phemex AVAXUSDT
MEXC AVAX_USDT
Binance AVAXUSDT
Bybit AVAXUSDT
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDT
Pacifica AVAX
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
BloFin AVAX-USDT
Reya AVAXRUSDPERP
Kraken Futures PF_AVAXUSD
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX