AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0088%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h +0.014%

Price spread now: Nado against dYdX−0.201%7-day average +0.023% · 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−$332as in the Price arb table

costs, in and out, $10k−$3103.100% of the position

Long on dYdX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.065%+$7 on $10k

Price spread, last 3 days (all we have)+0.540%+$54 · spread now −0.201%, 7d avg +0.023%

Together, before fees+0.605%+ Points / potential airdropNado: Active · farm board+$60 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 0.224% cheaper against dYdX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.023%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.065%, 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	dYdX AVAX-USD	11.304	0	get 0.0000% / 1h	21m 34s	$99K	$115K	10x
Short	Nado AVAX-PERP	11.281	−0.0088	pay 0.0011% / 1h	21m 34s	$298K	$960K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against dYdX. 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 dYdXbpFee NadobpOrdersPrice spread, now −0.201%Rate

Funding earned: −$18.56
Price spread: −0.201% → +0.023%: −$22.43
Slippage, 4 orders: −$293.01
Fee dYdX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$350.99
Costs to cover: 3.100%
Break-even: never at this rate

Slippage from dYdX: live order book, 2 min ago; Nado: live order book, 2 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 dYdX live order book, 2 min ago	142.74 bp	147.7 bp −$148	147.7 bp −$1,477	162.2 bp −$16.2K	185.2 bp −$92.6K
Sell Nado live order book, 2 min ago	1.77 bp	5.3 bp −$5	17.8 bp −$178	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
Deribit AVAX_USDC-PERPETUAL	−0.0191%	1h	11.327	+0.206%	$5.4M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0130%	8h	11.287	−0.147%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERPshort	−0.0088%	1h	11.281	−0.201%	$298K	$960K	10x
Injective AVAX/USDC PERP	−0.0043%	1h	11.280	−0.210%	$17K	$152K	12x	as long as short
dYdX AVAX-USDlong	0.0000%	1h	11.304	long leg	$99K	$115K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.332	+0.247%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0056%	1h	11.294	−0.082%	$676K	$2.2M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.351	+0.418%	$919K	$8.3M	50x	as long as short
Gate AVAX_USDT	+0.0059%	8h	11.302	−0.015%	$12.7M	$40.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0067%	8h	11.282	−0.192%	$20.0M	$148.6M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0072%	8h	11.319	+0.135%	$30.3M	$4.9M	50x	as long as short
MEXC AVAX_USDT	+0.0088%	8h	11.294	−0.086%	$55.8M	$110.0M	200x	as long as short
Binance AVAXUSDT	+0.0089%	8h	11.279	−0.222%	$120.9M	$537.4M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.297	−0.057%	$1.3M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.280	−0.210%	$9K	$705K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.294	−0.083%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.307	+0.026%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.304	−0.001%	$300K	$122K	10x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.284	−0.174%	$89.5M	$154.9M	75x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.306	+0.020%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.278	−0.228%	$34.8M	$61.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.295	−0.077%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.318	+0.126%	$335K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.323	+0.171%	$358K	$909K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.325	+0.188%	$182K	$683K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.284	−0.174%	$131K	$479K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.335	+0.277%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.365	+0.539%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.319	+0.135%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.316	+0.113%	$363K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.324	+0.180%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0207%	8h	11.317	+0.118%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.276	−0.243%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.326	+0.194%	$4.6M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.332	+0.249%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0617%	1h	11.300	−0.033%	$44.1M	$58.6M	10x	as long as short