AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0217%/8h= +23.8% APRnext payment +$0.27 per $10,000 · paid last 24h +0.033%

Price spread now: Popdex against Nado−0.079%7-day average −0.002% · 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−$46as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Nado Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.773%−$77 · spread now −0.079%, 7d avg −0.002%

Together, before fees−0.731%+ Points / potential airdropNado: Active · farm board−$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.078% cheaper against Nado than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.002%). If the spread goes back, that is −$8 on $10k: about 29 hours of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.042% in total) that is about 6.5 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.042% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.27 per $10,000. 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	10.697	−0.0121	get 0.0015% / 1h	40m 03s	$281K	$330K	10x
Short	Popdex AVAXUSDT	10.688	0.0096	get 0.0012% / 1h	40m 03s	$25K	$471K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.079%Rate

Funding earned: $45.56
Price spread: −0.079% → −0.002%: −$7.76
Slippage, 4 orders: −$24.51
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$0.11
Costs to cover: 0.379%
Break-even: 7.0 days

Slippage from Nado: live order book, 63 min ago; Popdex: live order book, 64 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, 63 min ago	0.47 bp	9.8 bp −$10	20.9 bp −$209	doesn't fit	doesn't fit
Sell Popdex live order book, 64 min ago	3.27 bp	10.8 bp −$11	20.0 bp −$200	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
Kraken Futures PF_AVAXUSD	−0.0185%	1h	10.688	−0.079%	$3.8M	$11.7M	50x	as long as short
Nado AVAX-PERPlong	−0.0121%	1h	10.697	long leg	$281K	$330K	10x
Variational Omni AVAX	−0.0074%	8h	10.700	+0.037%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.691	−0.051%	$4.8M	$6.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.707	+0.097%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.694	−0.022%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0005%	8h	10.685	−0.108%	$13.0M	$30.6M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.594%	$17K	$151K	12x	as long as short
Bybit AVAXUSDT	+0.0086%	8h	10.685	−0.108%	$81.5M	$141.1M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.695	−0.015%	$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
Lighter AVAX	+0.0096%	1h	10.690	−0.061%	$1.2M	$2.4M	10x	as long as short
Popdex AVAXUSDTshort	+0.0096%	1h	10.688	−0.079%	$25K	$471K	50x
Hyperliquid AVAX	+0.0100%	1h	10.698	+0.014%	$36.8M	$43.4M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.692	−0.040%	$2.2M	$913K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.704	+0.066%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.687	−0.089%	$113.2M	$412.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.684	−0.117%	$18.7M	$109.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.681	−0.145%	$45.8M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.688	−0.079%	$13.7M	$22.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.681	−0.145%	$32.4M	$47.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.686	−0.098%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.689	−0.070%	$436K	$552K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	+0.053%	$343K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.705	+0.079%	$173K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.690	−0.061%	$134K	$329K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.698	+0.014%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.728	+0.294%	$12K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.688	−0.079%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.688	−0.084%	$325K	$873K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.691	−0.051%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.679	−0.163%	$608K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.688	−0.079%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.702	+0.051%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.712	+0.145%	$853K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.685	−0.110%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.694	−0.026%	$226K	—	120x	as long as short