AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0377%/8h= +41.3% APRnext payment +$0.47 per $10,000 · paid last 24h +0.036%

Price spread now: Coinbase International against Nado+0.058%7-day average +0.055% · 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−$42as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Nado Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.108%+$11 on $10k

Price spread, last 3 days (all we have)−0.163%−$16 · spread now +0.058%, 7d avg +0.055%

Together, before fees−0.056%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.108% in total (about 12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.228	−0.0097	get 0.0012% / 1h	0m 55s	$296K	$877K	10x
Short	Coinbase International AVAX-PERP-INTX	11.235	0.0280	get 0.0035% / 1h	0m 55s	$917K	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.058%Rate

Funding earned: $79.21
Price spread: +0.058% → +0.055%: $0.29
Slippage, 4 orders: −$24.96
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $37.54
Costs to cover: 0.420%
Break-even: 3.7 days

Slippage from Nado: live order book, 12 min ago; Coinbase International: 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, 12 min ago	1.78 bp	10.9 bp −$11	23.4 bp −$234	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.78 bp	10.9 bp −$11	15.5 bp −$155	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	−0.1451%	1h	11.180	−0.432%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.231	+0.022%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERPlong	−0.0097%	1h	11.228	long leg	$296K	$877K	10x
dYdX AVAX-USD	0.0000%	1h	11.231	+0.020%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.232	+0.031%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.232	+0.031%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.228	−0.004%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.228	−0.004%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.233	+0.039%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.233	+0.040%	$298K	$118K	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	11.231	+0.025%	$120.3M	$510.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.232	+0.031%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.231	+0.022%	$20.3M	$143.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.231	+0.022%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.232	+0.031%	$50.1M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.237	+0.076%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.232	+0.031%	$34.3M	$57.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.231	+0.022%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.234	+0.049%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	−0.005%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.228	−0.004%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.085%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.234	+0.049%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.239	+0.094%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.260	+0.281%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.232	+0.031%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.229	0.000%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.230	+0.013%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.229	+0.007%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.228	−0.004%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.232	+0.031%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.230	+0.013%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.237	+0.077%	$4.6M	$12.9M	50x	as long as short
Coinbase International AVAX-PERP-INTXshort	+0.0280%	1h	11.235	+0.058%	$917K	$7.7M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0433% / S −0.0256%	1h	11.231	+0.020%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0755%	1h	11.250	+0.191%	$43.8M	$55.0M	10x	as long as short