Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0123%/8h= +13.4% APRpaid last 24h +0.011%

Price spread now: OKX against Nado+0.023%7-day average −0.047% · 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−$30as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.339%−$34 · spread now +0.023%, 7d avg −0.047%

Together, before fees−0.320%+ Points / potential airdropNado: Active · farm board−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and OKX is 0.069% dearer against Nado than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.005	−0.0023	get 0.0003% / 1h	51m 31s	$286K	$318K	10x
Short	OKX AVAX-USDT-SWAP	11.008	0.0100	get 0.0100% / 8h	3h 51m	$20.2M	$114.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $25.75
Price spread: +0.023% → −0.047%: $6.93
Slippage, 4 orders: −$20.32
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$4.64
Costs to cover: 0.373%
Break-even: 8.3 days

Slippage from Nado: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago	1.82 bp	10.8 bp −$11	20.6 bp −$206	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.46 bp	9.5 bp −$10	20.5 bp −$205	62.5 bp −$6,246	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	10.950	−0.504%	$17K	$151K	12x	as long as short
Nado AVAX-PERPlong	−0.0023%	1h	11.005	long leg	$286K	$318K	10x
Deribit AVAX_USDC-PERPETUAL	−0.0022%	1h	11.016	+0.095%	$5.1M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.016	+0.091%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.020	+0.133%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	11.014	+0.079%	$4.3M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	+0.0084%	1h	11.008	+0.023%	$177K	$671K	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.016	+0.093%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.008	+0.023%	$15K	$458K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.010	+0.039%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.016	+0.099%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.013	+0.068%	$277K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.008	+0.023%	$116.1M	$428.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.003	−0.023%	$84.2M	$140.9M	75x	as long as short
OKX AVAX-USDT-SWAPshort	+0.0100%	8h	11.008	+0.023%	$20.2M	$114.2M	50x
Gate AVAX_USDT	+0.0100%	8h	11.012	+0.059%	$12.1M	$32.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.012	+0.059%	$46.0M	$78.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.018	+0.114%	$15.5M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.004	−0.014%	$33.1M	$47.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.006	+0.005%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.019	+0.123%	$371K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.987	−0.172%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.010	+0.040%	$345K	$891K	10x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.018	+0.114%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.021	+0.141%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.046	+0.367%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.015	+0.086%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.018	+0.109%	$367K	$791K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.016	+0.095%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.001	−0.037%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.018	+0.109%	$253K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.013	+0.068%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.026	+0.186%	$898K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.014	+0.079%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0387%	1h	11.031	+0.232%	$42.8M	$41.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.021	+0.138%	$234K	—	120x	as long as short