Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0310%/8h= −34.0% APRpaid last 24h −0.032%

Price spread now: Nado against Aster−0.052%7-day average +0.021% · 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−$41as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.543%+$54 · spread now −0.052%, 7d avg +0.021%

Together, before fees+0.497%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Nado is 0.073% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.046% in total (about -4.7% a year). A funding rate is set anew for every payment. 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	Aster AVAXUSDT	10.778	0.0100	pay 0.0100% / 8h	7h 25m	$2.2M	$1.4M	75x
Short	Nado AVAX-PERP	10.772	−0.0210	pay 0.0026% / 1h	25m 06s	$280K	$320K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.052%Rate

Funding earned: −$65.18
Price spread: −0.052% → +0.021%: −$7.3
Slippage, 4 orders: −$18.56
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$106.05
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; Nado: live order book, 8 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 Aster live order book, 3 min ago	2.32 bp	10.0 bp −$10	17.2 bp −$172	doesn't fit	doesn't fit
Sell Nado live order book, 8 min ago	0.93 bp	6.0 bp −$6	13.7 bp −$137	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	−0.0265%	1h	10.777	−0.007%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERPshort	−0.0210%	1h	10.772	−0.052%	$280K	$320K	10x
Phemex AVAXUSDT	−0.0125%	8h	10.771	−0.066%	$28.7M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0085%	8h	10.745	−0.303%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0080%	1h	10.771	−0.066%	$18K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0032%	8h	10.772	−0.057%	$13.8M	$29.0M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.778	−0.001%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.776	−0.020%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.774	−0.038%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−0.168%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AVAX_USDT_Perp	+0.0060%	8h	10.753	−0.237%	$339K	$1.2M	10x	as long as short
Paradex AVAX-USD-PERP	+0.0085%	8h	10.773	−0.052%	$12K	$62	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.771	−0.070%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.773	−0.047%	$22K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.785	+0.064%	$35.8M	$40.4M	10x	as long as short
Aster AVAXUSDTlong	+0.0100%	8h	10.778	long leg	$2.2M	$1.4M	75x
Pacifica AVAX	+0.0100%	1h	10.780	+0.014%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.772	−0.059%	$113.6M	$390.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.770	−0.075%	$84.1M	$136.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.771	−0.066%	$19.0M	$105.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.771	−0.066%	$53.5M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.772	−0.057%	$13.9M	$21.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.772	−0.057%	$32.8M	$45.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.771	−0.066%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.778	−0.001%	$437K	$532K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.759	−0.177%	$174K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.781	+0.027%	$135K	$281K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.778	−0.001%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.800	+0.206%	$11K	$770K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.773	−0.052%	$333K	$847K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.767	−0.104%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.763	−0.137%	$247K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.778	−0.001%	$855K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.776	−0.020%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.767	−0.106%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.772	−0.053%	$228K	—	120x	as long as short