Funding you earn now, next payment 00:00 UTC−0.0206%/8h= −22.5% APRnext payment −$0.26 per $10,000 · paid last 24h −0.015%
Price spread now: Nado against Polymarket Perps+0.027%7-day average −0.025% · 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−$28as in the Price arb table
costs, in and out, $10k−$330.327% of the position
Funding, last 3 days (all we have)−0.024%−$2 on $10k
+Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.027%, 7d avg −0.025%
=Together, before fees−0.078%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Nado is 0.052% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.025%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 3 days (−0.024% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.024% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 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 | Polymarket Perps AVAX-USD | 11.269 | 0.0100 | pay 0.0013% / 1h | 51m 52s | $134K | $457K | 10x |
| Short | Nado AVAX-PERP | 11.272 | −0.0106 | pay 0.0013% / 1h | 51m 52s | $297K | $888K | 10x |
Polymarket Perps AVAX-USD
Nado AVAX-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.22
- Price spread: +0.027% → −0.025%
- $5.15
- Slippage, 4 orders
- −$17.74
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$70.82
- Costs to cover
- 0.327%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 26 min ago; Nado: live order book, 27 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 Polymarket Perps live order book, 26 min ago | 2.22 bp | 6.2 bp −$6 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell Nado live order book, 27 min ago | 1.33 bp | 7.7 bp −$8 | 19.3 bp −$193 | 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 | 11.200 | −0.612% | $17K | $151K | 12x | as long as short |
| Nado AVAX-PERPshort | −0.0106% | 1h | 11.272 | +0.027% | $297K | $888K | 10x | |
| Deribit AVAX_USDC-PERPETUAL | −0.0105% | 1h | 11.263 | −0.053% | $5.3M | $9.0M | 25x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.284 | +0.137% | $104K | $111K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.260 | −0.081% | $13K | — | 150x | as long as short |
| Variational Omni AVAX | +0.0042% | 8h | 11.222 | −0.417% | $3.0M | $2.4M | — | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.267 | −0.015% | $1.2M | $3.3M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.266 | −0.027% | $18K | $677K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 11.275 | +0.052% | $13K | $766 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.269 | 0.000% | $2.3M | $1.8M | 75x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Variational Omni AVAX
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAX | +0.0100% | 1h | 11.282 | +0.113% | $300K | $120K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.265 | −0.039% | $120.4M | $520.3M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.266 | −0.027% | $89.6M | $156.4M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.266 | −0.027% | $20.3M | $145.6M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 11.266 | −0.027% | $12.3M | $40.0M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.265 | −0.035% | $51.3M | $93.0M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.271 | +0.018% | $15.8M | $24.4M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.266 | −0.027% | $34.3M | $59.5M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 11.267 | −0.018% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.265 | −0.035% | $360K | $569K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.253 | −0.144% | $359K | $877K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.225 | −0.390% | $180K | $686K | 50x | as long as short |
| Polymarket Perps AVAX-USDlong | +0.0100% | 1h | 11.269 | long leg | $134K | $457K | 10x | |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.268 | −0.009% | $205K | $303K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.292 | +0.201% | $12K | $733K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.265 | −0.035% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.254 | −0.130% | $364K | $1.0M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.266 | −0.027% | $30.3M | $5.0M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.263 | −0.051% | $672K | $2.1M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.259 | −0.085% | $259K | — | 3x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.268 | −0.009% | $5.0M | $7.8M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.262 | −0.066% | $1K | — | 20x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0269% | 1h | 11.271 | +0.015% | $4.6M | $13.3M | 50x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0280% | 1h | 11.293 | +0.213% | $920K | $8.1M | 50x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0417% / S −0.0268% | 1h | 11.263 | −0.057% | $237K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0807% | 1h | 11.284 | +0.133% | $43.7M | $55.2M | 10x | as long as short |
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
BloFin AVAX-USDT
Reya AVAXRUSDPERP
Kraken Futures PF_AVAXUSD
Coinbase International AVAX-PERP-INTX
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX