AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0054%/8h= −6.0% APRnext payment −$0.07 per $10,000 · paid last 24h −0.024%

Price spread now: Nado against Lighter+0.002%47s7-day average +0.040% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.266% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now +0.002%, 7d avg +0.040%

Together, before fees+0.251%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.038% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.040%). Swap the legs. The two prices were read 47 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	Lighter AVAX	10.767	0.0096	pay 0.0012% / 1h	0m 46s	$1.2M	$2.7M	10x
Short	Nado AVAX-PERP	10.768	0.0042	get 0.0005% / 1h	0m 46s	$281K	$308K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now +0.002%Rate

Funding earned: −$11.42
Price spread: +0.002% → +0.040%: −$3.78
Slippage, 4 orders: −$19.64
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$41.84
Costs to cover: 0.266%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Nado: live order book, 52 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 Lighter live order book, 6 min ago	2.95 bp	3.7 bp −$4	10.6 bp −$106	82.8 bp −$8,275	doesn't fit
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

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	−0.068%	$17K	$152K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0028%	1h	10.787	+0.183%	$4.9M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.770	+0.021%	$94K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.782	+0.139%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.789	+0.202%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERPshort	+0.0042%	1h	10.768	+0.002%	$281K	$308K	10x
Gate AVAX_USDT	+0.0044%	8h	10.762	−0.049%	$12.2M	$33.0M	75x	as long as short
Variational Omni AVAX	+0.0067%	8h	10.769	+0.012%	$2.8M	$2.2M	—	as long as short
Lighter AVAXlong	+0.0096%	1h	10.767	long leg	$1.2M	$2.7M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.777	+0.090%	$8K	$442K	50x	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	+0.0097%	8h	10.765	−0.022%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.768	+0.007%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.771	+0.030%	$271K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.767	−0.007%	$112.9M	$420.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.755	−0.114%	$80.4M	$141.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.761	−0.059%	$19.5M	$109.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.769	+0.016%	$44.0M	$79.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.766	−0.012%	$14.7M	$21.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.762	−0.049%	$32.0M	$48.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.767	−0.003%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.784	+0.155%	$368K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.847	+0.739%	$341K	$942K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.839	+0.666%	$174K	$664K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.776	+0.081%	$133K	$368K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.788	+0.192%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.815	+0.447%	$11K	$725K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.784	+0.155%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.786	+0.169%	$358K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.790	+0.211%	$28.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.762	−0.053%	$664K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.776	+0.083%	$248K	—	3x	as long as short
Hyperliquid AVAX	+0.0173%	1h	10.778	+0.099%	$40.6M	$40.3M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.793	+0.239%	$4.8M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.795	+0.257%	$886K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.774	+0.065%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0272%	1h	10.783	+0.149%	$235K	—	120x	as long as short