Funding you earn now, next payment 06:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.014%
Price spread now: Nado against Binance−0.068%48s7-day average +0.014% · 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—prices read too far apart to compare
costs, in and out, $10k−$330.329% of the position
Funding, last 3 days (all we have)−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.239%+$24 · spread now −0.068%, 7d avg +0.014%
=Together, before fees+0.217%+ Points / potential airdropNado: Active · farm board+$22 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 0.082% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.014%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.023% in total (about -2.4% 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 | Binance AVAXUSDT | 10.721 | 0.0100 | pay 0.0100% / 8h | 2h 01m | $114.2M | $432.6M | 75x |
| Short | Nado AVAX-PERP | 10.713 | −0.0103 | pay 0.0013% / 1h | 1m 40s | $287K | $340K | 10x |
Binance AVAXUSDT
Nado AVAX-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Binance. 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
- −$42.6
- Price spread: −0.068% → +0.014%
- −$8.2
- Slippage, 4 orders
- −$15.85
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$83.65
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Nado: live order book, 46 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 Binance live order book, 12 min ago | 0.47 bp | 6.1 bp −$6 | 9.2 bp −$92 | 36.3 bp −$3,631 | 132.4 bp −$66.2K |
| Sell Nado live order book, 46 min ago | 1.89 bp | 9.5 bp −$10 | 21.3 bp −$213 | 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 | −0.1423% | 1h | 10.760 | +0.365% | $17K | $152K | 12x | as long as short |
| Kraken Futures PF_AVAXUSD | −0.0278% | 1h | 10.728 | +0.065% | $4.2M | $11.5M | 50x | as long as short |
| Nado AVAX-PERPshort | −0.0103% | 1h | 10.713 | −0.068% | $287K | $340K | 10x | |
| Variational Omni AVAX | −0.0030% | 8h | 10.729 | +0.073% | $2.8M | $2.1M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.725 | +0.042% | $89K | $117K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | 0.0000% | 1h | 10.724 | +0.030% | $4.8M | $7.5M | 25x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.722 | +0.007% | $12K | — | 150x | as long as short |
| Gate AVAX_USDT | +0.0040% | 8h | 10.724 | +0.030% | $12.6M | $33.3M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0085% | 8h | 10.718 | −0.026% | $82.2M | $149.0M | 75x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.722 | +0.010% | $1.2M | $2.6M | 10x | as long as short |
Injective AVAX/USDC PERP
Kraken Futures PF_AVAXUSD
Variational Omni AVAX
dYdX AVAX-USD
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Gate AVAX_USDT
Bybit AVAXUSDT
Lighter AVAXShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex AVAXUSDT | +0.0096% | 1h | 10.721 | +0.002% | $18K | $432K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0097% | 8h | 10.718 | −0.027% | $12K | $212 | 20x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.733 | +0.114% | $37.6M | $44.7M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.721 | +0.005% | $2.2M | $1.0M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.722 | +0.015% | $268K | $131K | 10x | as long as short |
| Binance AVAXUSDTlong | +0.0100% | 8h | 10.721 | long leg | $114.2M | $432.6M | 75x | |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.714 | −0.064% | $18.8M | $114.2M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.719 | −0.017% | $45.5M | $81.2M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.721 | +0.002% | $13.3M | $22.9M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.724 | +0.030% | $32.5M | $49.3M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 10.724 | +0.030% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.728 | +0.067% | $428K | $589K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 10.721 | +0.001% | $335K | $999K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.743 | +0.207% | $173K | $662K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.722 | +0.011% | $136K | $354K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.727 | +0.058% | $231K | $351K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.744 | +0.216% | $11K | $767K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 10.724 | +0.030% | $18K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.725 | +0.034% | $343K | $879K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.727 | +0.058% | $28.6M | $5.8M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.721 | +0.005% | $615K | $1.5M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.718 | −0.029% | $246K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0216% | 1h | 10.738 | +0.160% | $934K | $5.1M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.727 | +0.058% | $4.7M | $5.7M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0245% | 1h | 10.719 | −0.022% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0444% / S −0.0295% | 1h | 10.721 | +0.003% | $227K | — | 120x | as long as short |
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]