Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.011%

Price spread now: Bitget against Nado+0.081%7-day average −0.047% · 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−$24as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 3 days (all we have)−0.223%−$22 · spread now +0.081%, 7d avg −0.047%

Together, before fees−0.197%+ Points / potential airdropNado: Active · farm board−$20 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 Bitget is 0.127% dearer against Nado than usual: you sell high and buy low: +$13 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	11.179	−0.0056	get 0.0007% / 1h	16m 17s	$293K	$732K	10x
Short	Bitget AVAXUSDT	11.188	0.0100	get 0.0100% / 8h	7h 16m	$34.0M	$53.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.081%Rate

Funding earned: $32.75
Price spread: +0.081% → −0.047%: $12.73
Slippage, 4 orders: −$18.15
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $8.33
Costs to cover: 0.372%
Break-even: 5.2 days

Slippage from Nado: live order book, 57 min ago; Bitget: live order book, 3 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, 57 min ago	1.78 bp	10.9 bp −$11	23.4 bp −$234	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.45 bp	10.4 bp −$10	17.4 bp −$174	29.4 bp −$2,943	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	−0.1363%	1h	11.120	−0.528%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.181	+0.018%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERPlong	−0.0056%	1h	11.179	long leg	$293K	$732K	10x
dYdX AVAX-USD	0.0000%	1h	11.181	+0.016%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.180	+0.006%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.184	+0.045%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	0.000%	$15K	$612K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.179	+0.001%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.182	+0.027%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.181	+0.019%	$297K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.186	+0.062%	$119.4M	$476.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.185	+0.054%	$89.1M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.184	+0.045%	$20.0M	$131.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.179	0.000%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.187	+0.072%	$48.8M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.185	+0.054%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.188	+0.081%	$34.0M	$53.5M	75x
BingX AVAX-USDT	+0.0100%	8h	11.178	−0.009%	—	$85.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	−0.018%	$357K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.011%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.159	−0.178%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	−0.143%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.182	+0.027%	$131K	$372K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.187	+0.072%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.211	+0.284%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.185	+0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.176	−0.027%	$362K	$939K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.187	+0.072%	$30.0M	$5.2M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.180	+0.006%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.179	0.000%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.187	+0.069%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.173	−0.054%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.180	+0.007%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.155	−0.215%	$921K	$6.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.178	−0.009%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0687%	1h	11.196	+0.152%	$43.7M	$49.6M	10x	as long as short