Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.014%

Price spread now: Nado against Aster−0.027%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 3 days (all we have)+0.201%+$20 · spread now −0.027%, 7d avg +0.026%

Together, before fees+0.173%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.053% cheaper against Aster than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster AVAXUSDT	11.182	0.0100	pay 0.0100% / 8h	7h 16m	$2.3M	$1.5M	75x
Short	Nado AVAX-PERP	11.179	−0.0056	pay 0.0007% / 1h	16m 09s	$293K	$732K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.027%Rate

Funding earned: −$32.75
Price spread: −0.027% → +0.026%: −$5.31
Slippage, 4 orders: −$19.82
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$72.88
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Nado: live order book, 57 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 Aster live order book, 2 min ago	1.34 bp	9.4 bp −$9	19.0 bp −$190	doesn't fit	doesn't fit
Sell Nado live order book, 57 min ago	1.78 bp	6.9 bp −$7	14.9 bp −$149	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
Injective AVAX/USDC PERP	−0.1363%	1h	11.120	−0.554%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.181	−0.009%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERPshort	−0.0056%	1h	11.179	−0.027%	$293K	$732K	10x
dYdX AVAX-USD	0.0000%	1h	11.181	−0.011%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.180	−0.021%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.184	+0.018%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	−0.027%	$15K	$612K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.179	−0.026%	$13K	$434	20x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	11.182	long leg	$2.3M	$1.5M	75x
Pacifica AVAX	+0.0100%	1h	11.181	−0.008%	$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	11.186	+0.035%	$119.4M	$476.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.185	+0.027%	$89.1M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.184	+0.018%	$20.0M	$131.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.179	−0.027%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.187	+0.045%	$48.8M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.185	+0.027%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.188	+0.054%	$34.0M	$53.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.178	−0.036%	—	$85.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	−0.045%	$357K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.038%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.159	−0.205%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	−0.170%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.182	0.000%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.187	+0.045%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.211	+0.258%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.185	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.176	−0.054%	$362K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.187	+0.045%	$30.0M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.180	−0.021%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.179	−0.027%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.187	+0.042%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.173	−0.080%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.180	−0.019%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.241%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.178	−0.036%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0687%	1h	11.196	+0.125%	$43.7M	$49.6M	10x	as long as short