Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.015%

Price spread now: KuCoin against Nado+0.067%7-day average −0.016% · 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−$41as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)−0.245%−$24 · spread now +0.067%, 7d avg −0.016%

Together, before fees−0.231%+ Points / potential airdropNado: Active · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.083% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.016%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.013% in total (about 1.5% a year). A funding rate is set anew for every payment. 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	11.212	−0.0099	get 0.0012% / 1h	24m 06s	$296K	$878K	10x
Short	KuCoin AVAXUSDTM	11.220	0.0100	get 0.0100% / 8h	24m 06s	$15.8M	$24.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.067%Rate

Funding earned: $41.72
Price spread: +0.067% → −0.016%: $8.32
Slippage, 4 orders: −$30.26
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.79
Costs to cover: 0.493%
Break-even: 6.9 days

Slippage from Nado: live order book, 54 min ago; KuCoin: live order book, 5 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	1.33 bp	10.0 bp −$10	26.6 bp −$266	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.44 bp	17.7 bp −$18	32.9 bp −$329	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	11.210	−0.022%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0285%	1h	11.211	−0.013%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERPlong	−0.0099%	1h	11.212	long leg	$296K	$878K	10x
dYdX AVAX-USD	0.0000%	1h	11.220	+0.065%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.220	+0.066%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0084%	8h	11.245	+0.292%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.217	+0.037%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.218	+0.049%	$18K	$671K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.214	+0.017%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.222	+0.087%	$2.3M	$1.7M	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	11.222	+0.086%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.214	+0.013%	$120.0M	$512.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.214	+0.013%	$89.4M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.216	+0.031%	$20.2M	$143.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.216	+0.031%	$12.4M	$40.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.215	+0.022%	$50.5M	$93.5M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.220	+0.067%	$15.8M	$24.2M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.215	+0.022%	$34.2M	$57.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.215	+0.022%	—	$86.7M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.217	+0.040%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.250	+0.334%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.243	+0.272%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.220	+0.067%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.223	+0.094%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.246	+0.298%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.215	+0.022%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.216	+0.031%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.215	+0.022%	$30.1M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.212	−0.003%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.214	+0.018%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.229	+0.147%	$5.0M	$7.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.216	+0.030%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0271%	1h	11.220	+0.068%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.229	+0.147%	$913K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0426% / S −0.0283%	1h	11.219	+0.058%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0804%	1h	11.235	+0.201%	$43.6M	$54.9M	10x	as long as short