Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h −0.002%

Price spread now: Gate against Nado−0.023%7-day average −0.025% · 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−$48as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.290%−$29 · spread now −0.023%, 7d avg −0.025%

Together, before fees−0.290%+ Points / potential airdropNado: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: +$3 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	11.001	−0.0010	get 0.0001% / 1h	0m 50s	$286K	$372K	10x
Short	Gate AVAX_USDT	10.998	0.0100	get 0.0100% / 8h	4h 00m	$12.1M	$34.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.023%Rate

Funding earned: $23.11
Price spread: −0.023% → −0.025%: $0.18
Slippage, 4 orders: −$25.8
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$24.51
Costs to cover: 0.478%
Break-even: 14.4 days

Slippage from Nado: live order book, 57 min ago; Gate: 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	1.35 bp	10.3 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.91 bp	16.9 bp −$17	23.5 bp −$235	37.3 bp −$3,732	63.7 bp −$31.8K

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	−0.1423%	1h	10.950	−0.459%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0023%	1h	10.997	−0.032%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERPlong	−0.0010%	1h	11.001	long leg	$286K	$372K	10x
dYdX AVAX-USD	0.0000%	1h	10.996	−0.037%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.997	−0.032%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.001	+0.005%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.001	+0.005%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.998	−0.022%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.997	−0.028%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.002	+0.013%	$277K	$129K	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	11.002	+0.014%	$116.0M	$429.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.999	−0.014%	$85.0M	$139.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.001	+0.005%	$20.2M	$114.6M	50x	as long as short
Gate AVAX_USDTshort	+0.0100%	8h	10.998	−0.023%	$12.1M	$34.7M	75x
MEXC AVAX_USDT	+0.0100%	8h	10.999	−0.014%	$46.1M	$78.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.004	+0.032%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.996	−0.041%	$32.9M	$47.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.998	−0.023%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.999	−0.014%	$368K	$549K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.996	−0.045%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.997	−0.032%	$351K	$882K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	−0.014%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.001	+0.005%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.004	+0.032%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.029	+0.260%	$12K	$717K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.998	−0.023%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.990	−0.098%	$366K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.002	+0.014%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.994	−0.063%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.993	−0.068%	$253K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.000	−0.002%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.000	−0.005%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.001	+0.005%	$891K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.994	−0.061%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.997	−0.028%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0463%	1h	11.015	+0.132%	$42.7M	$41.9M	10x	as long as short