AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.07 per $10,000 · paid last 24h +0.024%

Price spread now: Lighter against Nado−0.028%7-day average −0.040% · 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−$25as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.243%−$24 · spread now −0.028%, 7d avg −0.040%

Together, before fees−0.225%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$2 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	10.757	0.0044	pay 0.0005% / 1h	1m 50s	$280K	$308K	10x
Short	Lighter AVAX	10.754	0.0096	get 0.0012% / 1h	1m 50s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $11
Price spread: −0.028% → −0.040%: $1.17
Slippage, 4 orders: −$19.64
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.47
Costs to cover: 0.266%
Break-even: 16.2 days

Slippage from Nado: live order book, 51 min ago; Lighter: 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, 51 min ago	1.82 bp	10.8 bp −$11	20.6 bp −$206	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	2.95 bp	3.7 bp −$4	11.2 bp −$112	78.8 bp −$7,881	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	−0.1421%	1h	10.800	+0.400%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0122%	1h	10.757	0.000%	$4.9M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.779	+0.202%	$94K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.756	−0.013%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.759	+0.014%	$4.1M	$11.1M	50x	as long as short
Gate AVAX_USDT	+0.0042%	8h	10.771	+0.130%	$12.2M	$32.9M	75x	as long as short
Nado AVAX-PERPlong	+0.0044%	1h	10.757	long leg	$280K	$308K	10x
Variational Omni AVAX	+0.0081%	8h	10.844	+0.805%	$2.8M	$2.2M	—	as long as short
Lighter AVAXshort	+0.0096%	1h	10.754	−0.028%	$1.2M	$2.7M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.744	−0.121%	$7K	$436K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.777	+0.183%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.768	+0.102%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.772	+0.138%	$271K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.771	+0.130%	$113.0M	$419.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.763	+0.056%	$80.6M	$141.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.769	+0.112%	$19.5M	$109.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.774	+0.158%	$43.8M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.770	+0.121%	$14.7M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.762	+0.046%	$32.0M	$47.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.770	+0.121%	—	$54.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.751	−0.056%	$367K	$528K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.847	+0.835%	$341K	$942K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.856	+0.920%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.755	−0.019%	$126K	$344K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.757	0.000%	$189K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.785	+0.264%	$11K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.755	−0.019%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.762	+0.047%	$358K	$780K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.759	+0.019%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.761	+0.039%	$663K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.758	+0.005%	$247K	—	3x	as long as short
Hyperliquid AVAX	+0.0181%	1h	10.776	+0.177%	$40.6M	$40.2M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.831	+0.688%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.755	−0.019%	$884K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.758	+0.007%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0275%	1h	10.758	+0.005%	$234K	—	120x	as long as short