Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0172%/8h= +18.9% APRpaid last 24h 0.000%

Price spread now: Orderly against Nado+0.067%7-day average +0.037% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.532%−$53 · spread now +0.067%, 7d avg +0.037%

Together, before fees−0.559%+ Points / potential airdropNado: Active · farm board−$56 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 Orderly is 0.030% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.137	−0.0072	get 0.0009% / 1h	34m 42s	$287K	$448K	10x
Short	Orderly PERP_AVAX_USDC	11.145	0.0100	get 0.0100% / 8h	5h 34m	$196K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.067%Rate

Funding earned: $36.17
Price spread: +0.067% → +0.037%: $3.01
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $26.18
Costs to cover: 0.130%
Break-even: 1.9 days

Slippage unknown: Nado: live order book, 28 min ago; Orderly: no order-book sample. Net counts fees only.

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, 28 min ago	1.79 bp	9.7 bp −$10	21.8 bp −$218	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1374%	1h	11.100	−0.337%	$17K	$151K	12x	as long as short
Nado AVAX-PERPlong	−0.0072%	1h	11.137	long leg	$287K	$448K	10x
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.138	+0.004%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	−0.069%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.138	+0.004%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.142	+0.038%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.129	−0.076%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.141	+0.031%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.029%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.135	−0.019%	$2.3M	$1.2M	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	11.133	−0.044%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.131	−0.058%	$118.8M	$433.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.132	−0.049%	$88.4M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.134	−0.031%	$20.0M	$117.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.129	−0.076%	$12.1M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.131	−0.058%	$47.8M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.127	−0.094%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.128	−0.085%	$33.4M	$48.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.131	−0.058%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.142	+0.040%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.138	+0.007%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.132%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.119	−0.166%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.140	+0.022%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.145	+0.067%	$196K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.170	+0.288%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.140	+0.022%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.134	−0.027%	$365K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.141	+0.031%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.129	−0.072%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.133	−0.040%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	+0.013%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.144	+0.058%	$900K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.136	−0.017%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.138	0.000%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0464%	1h	11.137	−0.004%	$43.3M	$43.0M	10x	as long as short