Funding you earn now, next payment 05:00 UTC−0.0400%/8h= −43.8% APRnext payment −$0.50 per $10,000 · paid last 24h −0.111%
Price spread now: Nado against GMX−0.165%52s7-day average −0.045% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.361%−$36 on $10k
+Price spread, last 4 days (all we have)+0.245%+$25 · spread now −0.165%, 7d avg −0.045%
=Together, before fees−0.116%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Nado is 0.120% cheaper against GMX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.045%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX AVAX/USD [AVAX-USDC] | 10.783 | L +0.0444% / S −0.0272% | pay 0.0056% / 1h | 0m 35s | $235K | — | 120x |
| Short | Nado AVAX-PERP | 10.765 | 0.0044 | get 0.0005% / 1h | 0m 35s | $282K | $310K | 10x |
GMX AVAX/USD [AVAX-USDC]
Nado AVAX-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$84.03
- Price spread: −0.165% → −0.045%
- −$12
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$115.04
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Nado: live order book, 52 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 52 min ago | 1.82 bp | 8.5 bp −$8 | 16.6 bp −$166 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1421% | 1h | 10.760 | −0.216% | $17K | $152K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0028% | 1h | 10.787 | +0.034% | $4.9M | $7.5M | 25x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.770 | −0.128% | $94K | $97K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.782 | −0.009% | $12K | — | 150x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0020% | 1h | 10.789 | +0.053% | $4.2M | $11.1M | 50x | as long as short |
| Nado AVAX-PERPshort | +0.0044% | 1h | 10.765 | −0.165% | $282K | $310K | 10x | |
| Gate AVAX_USDT | +0.0044% | 8h | 10.762 | −0.198% | $12.2M | $33.0M | 75x | as long as short |
| Variational Omni AVAX | +0.0067% | 8h | 10.769 | −0.136% | $2.8M | $2.2M | — | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.767 | −0.148% | $1.2M | $2.7M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.766 | −0.161% | $8K | $443K | 50x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Kraken Futures PF_AVAXUSD
Gate AVAX_USDT
Variational Omni AVAX
Lighter AVAX
Popdex AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AVAX-USD-PERP | +0.0097% | 8h | 10.765 | −0.171% | $12K | $212 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.768 | −0.142% | $2.2M | $1.1M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.771 | −0.118% | $271K | $130K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.767 | −0.150% | $113.0M | $420.2M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 10.758 | −0.235% | $80.4M | $141.4M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.764 | −0.179% | $19.5M | $109.2M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.764 | −0.179% | $43.9M | $79.7M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.766 | −0.161% | $14.7M | $21.9M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.761 | −0.207% | $32.0M | $48.0M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 10.767 | −0.151% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.784 | +0.006% | $368K | $528K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 10.847 | +0.589% | $341K | $942K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.839 | +0.516% | $174K | $664K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.766 | −0.161% | $132K | $368K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.788 | +0.044% | $189K | $310K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.815 | +0.298% | $11K | $725K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 10.784 | +0.006% | $18K | $71K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.786 | +0.020% | $358K | $780K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.790 | +0.062% | $28.8M | $5.8M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.762 | −0.201% | $664K | $1.3M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.776 | −0.065% | $248K | — | 3x | as long as short |
| Hyperliquid AVAX | +0.0171% | 1h | 10.776 | −0.068% | $40.6M | $40.3M | 10x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.793 | +0.090% | $4.8M | $5.4M | 100x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0232% | 1h | 10.795 | +0.108% | $886K | $4.7M | 50x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 10.760 | −0.214% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC]long | L +0.0444% / S −0.0272% | 1h | 10.783 | long leg | $235K | — | 120x |
Paradex AVAX-USD-PERP
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Hyperliquid AVAX
BloFin AVAX-USDT
Coinbase International AVAX-PERP-INTX
Reya AVAXRUSDPERP