Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.001%

Price spread now: Binance against Nado+0.130%7-day average −0.017% · 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−$14as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 3 days (all we have)−0.419%−$42 · spread now +0.130%, 7d avg −0.017%

Together, before fees−0.411%+ Points / potential airdropNado: Active · farm board−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.146% dearer against Nado than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.257	−0.0100	get 0.0013% / 1h	29m 50s	$297K	$956K	10x
Short	Binance AVAXUSDT	11.272	0.0078	get 0.0078% / 8h	2h 29m	$120.9M	$538.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now +0.130%Rate

Funding earned: $37.3
Price spread: +0.130% → −0.017%: $14.65
Slippage, 4 orders: −$11.63
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $23.32
Costs to cover: 0.286%
Break-even: 2.6 days

Slippage from Nado: live order book, 58 min ago; Binance: live order book, 14 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 Nado live order book, 58 min ago	1.36 bp	10.2 bp −$10	22.2 bp −$222	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.45 bp	5.7 bp −$6	14.4 bp −$144	51.8 bp −$5,180	143.2 bp −$71.6K

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
Variational Omni AVAX	−0.0142%	8h	11.251	−0.058%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.261	+0.031%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERPlong	−0.0100%	1h	11.257	long leg	$297K	$956K	10x
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−1.399%	$17K	$127K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.258	+0.007%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.262	+0.040%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0016%	1h	11.274	+0.149%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.275	+0.155%	$914K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0057%	8h	11.276	+0.164%	$12.7M	$40.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0058%	8h	11.274	+0.147%	$20.1M	$148.4M	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	+0.0062%	8h	11.276	+0.164%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0077%	8h	11.276	+0.164%	$55.2M	$109.5M	200x	as long as short
Binance AVAXUSDTshort	+0.0078%	8h	11.272	+0.130%	$120.9M	$538.1M	75x
Bybit AVAXUSDT	+0.0083%	8h	11.277	+0.173%	$87.3M	$153.8M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.272	+0.128%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.261	+0.031%	$9K	$700K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	11.255	−0.019%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.276	+0.162%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.259	+0.013%	$299K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.279	+0.191%	$16.1M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.279	+0.191%	$34.7M	$61.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.274	+0.147%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.276	+0.164%	$334K	$562K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.240	−0.160%	$356K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	−0.173%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.269	+0.102%	$131K	$483K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.268	+0.093%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.290	+0.286%	$12K	$715K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.260	+0.022%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.267	+0.087%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.256	−0.015%	$259K	—	3x	as long as short
BloFin AVAX-USDT	+0.0198%	8h	11.246	−0.102%	$5.0M	$8.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.266	+0.072%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.271	+0.121%	$4.7M	$13.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.260	+0.025%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0544%	1h	11.295	+0.333%	$43.7M	$58.5M	10x	as long as short