AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.25 per $10,000 · paid last 24h −0.020%

Price spread now: Nado against Pacifica−0.036%7-day average +0.012% · 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−$45as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on Pacifica Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.031%−$3 on $10k

Price spread, last 3 days (all we have)+0.243%+$24 · spread now −0.036%, 7d avg +0.012%

Together, before fees+0.212%+ Points / potential airdropPacifica: Active · Nado: Active · farm board+$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Nado is 0.049% cheaper against Pacifica than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.031% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 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	Pacifica AVAX	11.229	0.0100	pay 0.0013% / 1h	2m 27s	$298K	$118K	10x
Short	Nado AVAX-PERP	11.225	−0.0096	pay 0.0012% / 1h	2m 27s	$296K	$877K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Pacifica. 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 PacificabpFee NadobpOrdersPrice spread, now −0.036%Rate

Funding earned: −$41.26
Price spread: −0.036% → +0.012%: −$4.87
Slippage, 4 orders: −$25.39
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$86.52
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Pacifica: live order book, 11 min ago; Nado: live order book, 11 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 Pacifica live order book, 11 min ago	4.90 bp	8.9 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Nado live order book, 11 min ago	1.78 bp	6.9 bp −$7	14.9 bp −$149	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
Injective AVAX/USDC PERP	−0.1451%	1h	11.180	−0.433%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.229	+0.004%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERPshort	−0.0096%	1h	11.225	−0.036%	$296K	$877K	10x
dYdX AVAX-USD	0.0000%	1h	11.231	+0.022%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.224	−0.042%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.225	−0.028%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.221	−0.068%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.222	−0.056%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.227	−0.019%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.229	long leg	$298K	$118K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.221	−0.068%	$120.2M	$510.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.223	−0.050%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.222	−0.059%	$20.3M	$143.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.221	−0.068%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.221	−0.068%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.227	−0.014%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.222	−0.059%	$34.2M	$57.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.221	−0.068%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.228	−0.005%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.226	−0.023%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.228	−0.005%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.230	+0.013%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.223	−0.050%	$132K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.232	+0.030%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.268	+0.351%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.229	+0.004%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.232	+0.026%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.228	−0.005%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.218	−0.095%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.224	−0.041%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.227	−0.014%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.219	−0.081%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.236	+0.065%	$4.6M	$13.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.245	+0.146%	$918K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0433% / S −0.0256%	1h	11.223	−0.048%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0757%	1h	11.239	+0.094%	$43.8M	$55.0M	10x	as long as short