Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.008%

Price spread now: BingX against Nado−0.027%7-day average −0.047% · 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−$38as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.015%+$2 on $10k

Price spread, last 3 days (all we have)−0.217%−$22 · spread now −0.027%, 7d avg −0.047%

Together, before fees−0.201%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.020% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.255	0.0004	pay 0.0000% / 1h	35m 49s	$297K	$896K	10x
Short	BingX AVAX-USDC	11.252	0.0100	get 0.0100% / 8h	1h 35m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.027%Rate

Funding earned: $20.21
Price spread: −0.027% → −0.047%: $2.02
Slippage, 4 orders: −$22.58
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.35
Costs to cover: 0.396%
Break-even: 13.0 days

Slippage from Nado: live order book, 48 min ago; BingX: live order book, 16 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, 48 min ago	1.77 bp	9.3 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	1.34 bp	10.5 bp −$11	22.4 bp −$224	90.2 bp −$9,024	503.5 bp −$251.7K

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	−0.0570%	1h	11.220	−0.311%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0031%	8h	11.242	−0.114%	$3.0M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.253	−0.018%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.257	+0.022%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.255	+0.003%	$16K	—	150x	as long as short
Nado AVAX-PERPlong	+0.0004%	1h	11.255	long leg	$297K	$896K	10x
Lighter AVAX	+0.0096%	1h	11.253	−0.020%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.257	+0.018%	$16K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.255	−0.001%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.252	−0.025%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.261	+0.053%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.250	−0.041%	$120.2M	$526.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.249	−0.053%	$88.2M	$157.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.251	−0.036%	$20.2M	$146.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.251	−0.036%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.250	−0.044%	$52.2M	$99.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.256	+0.009%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.252	−0.027%	$34.3M	$60.3M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	11.252	−0.027%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.252	−0.027%	$359K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.254	−0.009%	$359K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.258	+0.027%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.256	+0.009%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.263	+0.071%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.284	+0.260%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.251	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.254	−0.013%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.254	−0.009%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.248	−0.066%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.190	−0.578%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.278	+0.204%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.256	+0.009%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.252	−0.026%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.254	−0.009%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0581%	1h	11.270	+0.133%	$43.6M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.257	+0.018%	$4.6M	$13.5M	50x	as long as short