AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0370%/8h= −40.5% APRnext payment −$0.46 per $10,000 · paid last 24h +0.072%

Price spread now: Nado against Deribit+0.016%7-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−$32as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Deribit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.462%+$46 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now +0.016%, 7d avg +0.028%

Together, before fees+0.563%+ Points / potential airdropNado: Active · farm board+$56 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.462%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	10.726	−0.0030	get 0.0004% / 1h	56m 05s	$4.8M	$6.7M	25x
Short	Nado AVAX-PERP	10.728	−0.0400	pay 0.0050% / 1h	56m 05s	$290K	$326K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Deribit. 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 DeribitbpFee NadobpOrdersPrice spread, now +0.016%Rate

Funding earned: −$77.73
Price spread: +0.016% → +0.028%: −$1.15
Slippage, 4 orders: −$17.19
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$110.07
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; Nado: live order book, 42 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 Deribit live order book, 3 min ago	3.25 bp	7.6 bp −$8	135.0 bp −$1,350	doesn't fit	doesn't fit
Sell Nado live order book, 42 min ago	0.94 bp	7.6 bp −$8	16.7 bp −$167	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
Nado AVAX-PERPshort	−0.0400%	1h	10.728	+0.016%	$290K	$326K	10x
Kraken Futures PF_AVAXUSD	−0.0267%	1h	10.727	+0.009%	$3.8M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0230%	8h	10.723	−0.028%	$28.6M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	−0.186%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0030%	1h	10.726	long leg	$4.8M	$6.7M	25x
dYdX AVAX-USD	0.0000%	1h	10.767	+0.382%	$92K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.726	0.000%	$12K	—	150x	as long as short
GRVT AVAX_USDT_Perp	+0.0032%	8h	10.719	−0.065%	$345K	$1.2M	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.317%	$17K	$151K	12x	as long as short
Gate AVAX_USDT	+0.0066%	8h	10.718	−0.075%	$13.4M	$28.4M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0093%	8h	10.741	+0.141%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.722	−0.037%	$1.1M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.723	−0.028%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.726	0.000%	$36.8M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.723	−0.026%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.761	+0.327%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.708	−0.171%	$113.4M	$401.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.708	−0.168%	$83.7M	$140.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.703	−0.214%	$18.8M	$106.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.723	−0.028%	$53.2M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.724	−0.019%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.707	−0.177%	$32.6M	$45.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.717	−0.084%	—	$53.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.719	−0.065%	$436K	$531K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	−0.037%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.728	+0.019%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.735	+0.084%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.757	+0.292%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.722	−0.037%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.723	−0.023%	$327K	$874K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.722	−0.040%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.721	−0.044%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.732	+0.056%	$838K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.762	+0.336%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.717	−0.085%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.719	−0.065%	$226K	—	120x	as long as short