Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0395%/8h= +43.2% APRpaid last 24h +0.031%

Price spread now: MEXC against Nado+0.023%7-day average −0.011% · 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−$17as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Nado Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.489%−$49 · spread now +0.023%, 7d avg −0.011%

Together, before fees−0.449%+ Points / potential airdropNado: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and MEXC is 0.034% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.011%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.040% in total (about 4.1% 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	10.778	−0.0295	get 0.0037% / 1h	48m 09s	$281K	$331K	10x
Short	MEXC AVAX_USDT	10.781	0.0100	get 0.0100% / 8h	7h 48m	$53.1M	$78.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.023%Rate

Funding earned: $82.93
Price spread: +0.023% → −0.011%: $3.43
Slippage, 4 orders: −$13.27
Fee Nado: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $66.09
Costs to cover: 0.203%
Break-even: 1.4 days

Slippage from Nado: live order book, 50 min ago; MEXC: live order book, 1 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, 50 min ago	0.94 bp	9.2 bp −$9	20.4 bp −$204	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.93 bp	0.9 bp −$1	4.1 bp −$41	37.9 bp −$3,787	105.0 bp −$52.5K

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
Nado AVAX-PERPlong	−0.0295%	1h	10.778	long leg	$281K	$331K	10x
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.781	+0.024%	$3.7M	$11.6M	50x	as long as short
Phemex AVAXUSDT	−0.0099%	8h	10.775	−0.032%	$28.7M	$5.7M	50x	as long as short
Variational Omni AVAX	−0.0077%	8h	10.764	−0.137%	$3.0M	$2.1M	—	as long as short
Gate AVAX_USDT	−0.0004%	8h	10.778	−0.005%	$13.6M	$28.6M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.770	−0.078%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.782	+0.032%	$4.9M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.785	+0.057%	$12K	—	150x	as long as short
SoDEX AVAX-USD	+0.0017%	1h	10.779	+0.005%	$18K	$68K	10x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.172%	$17K	$151K	12x	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	+0.0093%	8h	10.762	−0.154%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.779	+0.007%	$1.2M	$2.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.773	−0.051%	$28K	$463K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.791	+0.112%	$37.0M	$40.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.780	+0.011%	$2.4M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.768	−0.096%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.779	+0.003%	$114.0M	$398.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.778	−0.005%	$84.2M	$139.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.778	−0.005%	$19.0M	$107.0M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.781	+0.023%	$53.1M	$78.9M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.780	+0.014%	$14.0M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.780	+0.014%	$32.8M	$45.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.778	−0.005%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.783	+0.042%	$439K	$531K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.778	−0.005%	$340K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.782	+0.032%	$174K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.778	−0.005%	$135K	$287K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.787	+0.079%	$233K	$248K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.793	+0.130%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.777	−0.019%	$332K	$867K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.778	−0.006%	$601K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.775	−0.035%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.770	−0.079%	$850K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.767	−0.107%	$4.6M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.776	−0.020%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.785	+0.058%	$228K	—	120x	as long as short