Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0228%/8h= −24.9% APRpaid last 24h −0.064%

Price spread now: Nado against BloFin−0.215%7-day average −0.004% · 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−$57as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.163%−$16 on $10k

Price spread, last 4 days (all we have)+0.336%+$34 · spread now −0.215%, 7d avg −0.004%

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Nado is 0.211% cheaper against BloFin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	10.927	0.0217	pay 0.0217% / 8h	4h 09m	$4.7M	$5.0M	100x
Short	Nado AVAX-PERP	10.903	−0.0011	pay 0.0001% / 1h	9m 47s	$278K	$256K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.215%Rate

Funding earned: −$47.84
Price spread: −0.215% → −0.004%: −$21.1
Slippage, 4 orders: −$16.69
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$104.63
Costs to cover: 0.357%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Nado: live order book, 31 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 BloFin live order book, 2 min ago	0.92 bp	9.5 bp −$10	12.3 bp −$123	33.0 bp −$3,303	doesn't fit
Sell Nado live order book, 31 min ago	2.29 bp	9.0 bp −$9	18.2 bp −$182	doesn't fit	doesn't fit

AVAX on 36 exchanges

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	−0.0162%	8h	10.916	−0.096%	$3.1M	$1.9M	—	as long as short
Kraken Futures PF_AVAXUSD	−0.0113%	1h	10.930	+0.024%	$3.8M	$10.2M	50x	as long as short
Gate AVAX_USDT	−0.0082%	8h	10.933	+0.055%	$15.2M	$25.0M	75x	as long as short
Bybit AVAXUSDT	−0.0079%	8h	10.939	+0.110%	$85.6M	$127.5M	75x	as long as short
Polymarket Perps AVAX-USD	−0.0044%	1h	10.921	−0.055%	$60K	$325K	10x	as long as short
Nado AVAX-PERPshort	−0.0011%	1h	10.903	−0.215%	$278K	$256K	10x
dYdX AVAX-USD	0.0000%	1h	10.941	+0.124%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.928	+0.009%	$5.0M	$6.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.927	+0.002%	$24K	—	150x	as long as short
Phemex AVAXUSDT	+0.0014%	8h	10.924	−0.027%	$29.1M	$5.3M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.528%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0034%	8h	10.939	+0.110%	$19.4M	$96.0M	50x	as long as short
SoDEX AVAX-USD	+0.0072%	1h	10.923	−0.037%	$19K	$65K	10x	as long as short
MEXC AVAX_USDT	+0.0095%	8h	10.940	+0.119%	$54.8M	$67.7M	200x	as long as short
Lighter AVAX	+0.0096%	1h	10.940	+0.114%	$1.2M	$1.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.926	−0.009%	$22K	$425K	50x	as long as short
Binance AVAXUSDT	+0.0096%	8h	10.940	+0.123%	$115.6M	$349.1M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.939	+0.114%	$12K	$62	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.940	+0.119%	$2.3M	$1.2M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.942	+0.137%	$275K	$87K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.945	+0.165%	$14.0M	$18.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.933	+0.055%	$33.4M	$40.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.931	+0.037%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.929	+0.018%	$388K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.935	+0.074%	$343K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.945	+0.165%	$156K	$680K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.931	+0.037%	$239K	$211K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.955	+0.254%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.925	−0.023%	$325K	$917K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.928	+0.006%	$621K	$1.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.919	−0.073%	$251K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.930	+0.027%	$856K	$4.6M	50x	as long as short
BloFin AVAX-USDTlong	+0.0217%	8h	10.927	long leg	$4.7M	$5.0M	100x
Hyperliquid AVAX	+0.0230%	1h	10.949	+0.201%	$36.6M	$30.7M	10x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.921	−0.059%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.927	+0.002%	$242K	—	120x	as long as short