Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0237%/8h= +26.0% APRpaid last 24h +0.028%

Price spread now: BloFin against Nado+0.018%7-day average +0.011% · 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−$33as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.107%+$11 on $10k

Price spread, last 3 days (all we have)−0.175%−$17 · spread now +0.018%, 7d avg +0.011%

Together, before fees−0.067%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.241	−0.0017	get 0.0002% / 1h	29m 46s	$297K	$895K	10x
Short	BloFin AVAX-USDT	11.243	0.0220	get 0.0220% / 8h	1h 29m	$5.0M	$8.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.018%Rate

Funding earned: $49.79
Price spread: +0.018% → +0.011%: $0.69
Slippage, 4 orders: −$15.09
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $16.4
Costs to cover: 0.341%
Break-even: 4.7 days

Slippage from Nado: live order book, 54 min ago; BloFin: live order book, 4 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, 54 min ago	1.77 bp	9.3 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.89 bp	9.7 bp −$10	16.3 bp −$163	43.9 bp −$4,394	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	−0.0570%	1h	11.210	−0.276%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.250	+0.080%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERPlong	−0.0017%	1h	11.241	long leg	$297K	$895K	10x
Variational Omni AVAX	−0.0016%	8h	11.259	+0.161%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.251	+0.085%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.252	+0.100%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.252	+0.101%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.247	+0.053%	$16K	$691K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.237	−0.036%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.258	+0.148%	$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	11.247	+0.053%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.258	+0.150%	$120.4M	$526.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.258	+0.151%	$88.9M	$157.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.261	+0.178%	$20.3M	$146.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.254	+0.116%	$12.6M	$40.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.258	+0.151%	$52.2M	$100.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.262	+0.187%	$16.2M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.259	+0.160%	$34.2M	$60.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.256	+0.133%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.252	+0.098%	$360K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.261	+0.179%	$360K	$898K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.282	+0.365%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.252	+0.098%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.255	+0.125%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.271	+0.270%	$12K	$730K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.250	+0.080%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.252	+0.093%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.249	+0.071%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.252	+0.097%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.254	+0.117%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.257	+0.142%	$909K	$8.3M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	11.243	+0.018%	$5.0M	$8.0M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.248	+0.063%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0403% / S −0.0247%	1h	11.252	+0.101%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0616%	1h	11.277	+0.320%	$43.7M	$57.2M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.258	+0.149%	$4.6M	$13.5M	50x	as long as short