AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0177%/8h= −19.4% APRnext payment −$0.22 per $10,000 · paid last 24h +0.006%

Price spread now: Nado against Backpack−0.035%7-day average −0.003% · 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−$34as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Backpack Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.030%+$3 on $10k

Price spread, last 3 days (all we have)+0.352%+$35 · spread now −0.035%, 7d avg −0.003%

Together, before fees+0.382%+ Points / potential airdropNado: Active · farm board+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.033% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	11.316	0.0100	pay 0.0013% / 1h	4m 26s	$341K	$564K	15x
Short	Nado AVAX-PERP	11.312	−0.0077	pay 0.0010% / 1h	4m 26s	$298K	$958K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Backpack. 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 BackpackbpFee NadobpOrdersPrice spread, now −0.035%Rate

Funding earned: −$37.12
Price spread: −0.035% → −0.003%: −$3.28
Slippage, 4 orders: −$13.3
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$70.7
Costs to cover: 0.303%
Break-even: never at this rate

Slippage from Backpack: live order book, 19 min ago; Nado: live order book, 19 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 Backpack live order book, 19 min ago	0.44 bp	10.3 bp −$10	35.3 bp −$353	doesn't fit	doesn't fit
Sell Nado live order book, 19 min ago	1.77 bp	5.3 bp −$5	17.8 bp −$178	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
Deribit AVAX_USDC-PERPETUAL	−0.0279%	1h	11.327	+0.097%	$5.4M	$9.3M	25x	as long as short
Nado AVAX-PERPshort	−0.0077%	1h	11.312	−0.035%	$298K	$958K	10x
Variational Omni AVAX	−0.0076%	8h	11.354	+0.340%	$3.1M	$2.2M	—	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.300	−0.141%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.325	+0.083%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.306	−0.091%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.358	+0.371%	$997K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0072%	8h	11.326	+0.088%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0096%	8h	11.305	−0.097%	$20.3M	$149.0M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.325	+0.080%	$1.3M	$3.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	11.308	−0.071%	$12K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.328	+0.107%	$13K	$766	20x	as long as short
Phemex AVAXUSDT	+0.0099%	8h	11.313	−0.027%	$30.3M	$4.9M	50x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.309	−0.059%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.326	+0.090%	$301K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.310	−0.056%	$121.4M	$536.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.310	−0.053%	$91.1M	$156.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.301	−0.133%	$55.4M	$110.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.313	−0.027%	$16.5M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.306	−0.088%	$34.8M	$61.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.305	−0.097%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	11.316	long leg	$341K	$564K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	+0.034%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.368	+0.460%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.310	−0.053%	$134K	$485K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.336	+0.177%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.360	+0.391%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.316	0.000%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.304	−0.109%	$365K	$1.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.311	−0.042%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.321	+0.042%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.311	−0.044%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.307	−0.079%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.320	+0.034%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.304	−0.102%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0682%	1h	11.323	+0.062%	$44.0M	$58.6M	10x	as long as short