Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0110%/8h= −12.1% APRpaid last 24h −0.016%

Price spread now: Nado against Bitget−0.023%7-day average +0.045% · 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−$44as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Bitget 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 4 days (all we have)+0.335%+$34 · spread now −0.023%, 7d avg +0.045%

Together, before fees+0.308%+ Points / potential airdropNado: Active · farm board+$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.068% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AVAXUSDT	10.993	0.0100	pay 0.0100% / 8h	4h 02m	$32.9M	$47.9M	75x
Short	Nado AVAX-PERP	10.990	−0.0010	pay 0.0001% / 1h	2m 32s	$285K	$372K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.023%Rate

Funding earned: −$23.12
Price spread: −0.023% → +0.045%: −$6.76
Slippage, 4 orders: −$17.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$66.66
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Nado: live order book, 55 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 Bitget live order book, 1 min ago	0.46 bp	8.2 bp −$8	13.9 bp −$139	32.5 bp −$3,248	doesn't fit
Sell Nado live order book, 55 min ago	1.35 bp	8.8 bp −$9	18.1 bp −$181	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	−0.1423%	1h	10.950	−0.391%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.994	+0.009%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERPshort	−0.0010%	1h	10.990	−0.023%	$285K	$372K	10x
dYdX AVAX-USD	0.0000%	1h	10.990	−0.024%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.995	+0.018%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.991	−0.022%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.992	−0.009%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.990	−0.025%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.994	+0.009%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.993	−0.003%	$277K	$129K	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	10.991	−0.018%	$115.8M	$429.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.991	−0.018%	$85.0M	$139.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.998	+0.045%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.990	−0.027%	$12.0M	$34.7M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.990	−0.027%	$46.1M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.995	+0.018%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDTlong	+0.0100%	8h	10.993	long leg	$32.9M	$47.9M	75x
BingX AVAX-USDC	+0.0100%	8h	10.991	−0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.995	+0.018%	$368K	$549K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	+0.023%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.994	+0.008%	$344K	$883K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.998	+0.045%	$177K	$669K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.997	+0.036%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.001	+0.073%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.025	+0.291%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.995	+0.018%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.986	−0.059%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.997	+0.036%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.987	−0.055%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.992	−0.014%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	10.997	+0.033%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.991	−0.018%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.004	+0.100%	$891K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.994	+0.007%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.996	+0.023%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0465%	1h	11.003	+0.091%	$42.7M	$41.9M	10x	as long as short