Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0154%/8h= +16.9% APRpaid last 24h +0.022%

Price spread now: HTX against Nado+0.022%7-day average −0.023% · 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−$92as in the Price arb table

costs, in and out, $10k−$960.961% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.037%+$4 on $10k

Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.022%, 7d avg −0.023%

Together, before fees−0.076%+ Points / potential airdropNado: Active · farm board−$8 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 HTX is 0.045% dearer against Nado than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.126	−0.0054	get 0.0007% / 1h	32m 45s	$292K	$831K	10x
Short	HTX AVAX-USDT	11.129	0.0100	get 0.0100% / 8h	7h 32m	$360K	$951K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $32.33
Price spread: +0.022% → −0.023%: $4.54
Slippage, 4 orders: −$77.1
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$59.23
Costs to cover: 0.961%
Break-even: 19.8 days

Slippage from Nado: live order book, 41 min ago; HTX: live order book, 26 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, 41 min ago	1.78 bp	10.9 bp −$11	23.4 bp −$234	doesn't fit	doesn't fit
Sell HTX live order book, 26 min ago	27.31 bp	33.4 bp −$33	82.1 bp −$821	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	−0.1363%	1h	11.090	−0.324%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.125	−0.009%	$5.3M	$8.6M	25x	as long as short
Nado AVAX-PERPlong	−0.0054%	1h	11.126	long leg	$292K	$831K	10x
dYdX AVAX-USD	0.0000%	1h	11.121	−0.040%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.128	+0.016%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.122	−0.040%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.129	+0.027%	$18K	$627K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.117	−0.081%	$13K	$514	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.127	+0.008%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.123	−0.028%	$295K	$106K	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	11.120	−0.056%	$118.3M	$487.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.118	−0.072%	$88.5M	$149.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.116	−0.090%	$19.9M	$133.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.121	−0.045%	$12.1M	$38.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.118	−0.072%	$48.7M	$88.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.123	−0.027%	$15.2M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.115	−0.099%	$33.6M	$54.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.115	−0.099%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.126	0.000%	$356K	$558K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.134	+0.070%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.027%	$358K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.135	+0.081%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.131	+0.045%	$131K	$376K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.134	+0.072%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.159	+0.298%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.129	+0.027%	$18K	$72K	10x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	11.129	+0.022%	$360K	$951K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.129	+0.027%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.110	−0.142%	$667K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.122	−0.037%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.132	+0.054%	$4.3M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.133	+0.063%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.126	+0.003%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.140	+0.126%	$905K	$6.9M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.126	−0.002%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0676%	1h	11.140	+0.126%	$43.4M	$51.0M	10x	as long as short