Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.019%

Price spread now: Nado against BingX−0.018%7-day average — · 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−$40as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	10.938	0.0100	pay 0.0100% / 8h	3h 20m	—	$6.5M	—
Short	Nado AVAX-PERP	10.936	0.0032	get 0.0004% / 1h	20m 12s	$284K	$309K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now −0.018%Rate

Funding earned: −$14.32
Price spread: −0.018% → 0.000%: −$1.83
Slippage, 4 orders: −$21.63
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$54.78
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from BingX: live order book, 16 min ago; Nado: live order book, 32 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 BingX live order book, 16 min ago	0.91 bp	8.0 bp −$8	13.4 bp −$134	80.0 bp −$8,001	428.5 bp −$214.3K
Sell Nado live order book, 32 min ago	1.82 bp	8.5 bp −$8	16.6 bp −$166	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	−0.1421%	1h	10.860	−0.713%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.930	−0.077%	$96K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.939	+0.009%	$5.0M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.942	+0.037%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.941	+0.027%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERPshort	+0.0032%	1h	10.936	−0.018%	$284K	$309K	10x
Gate AVAX_USDT	+0.0089%	8h	10.938	0.000%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.938	0.000%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.940	+0.018%	$7K	$449K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.940	+0.022%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.936	−0.020%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.936	−0.017%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.939	+0.006%	$114.8M	$420.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.931	−0.064%	$82.8M	$138.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.938	0.000%	$19.8M	$111.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.941	+0.027%	$45.5M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.942	+0.037%	$15.1M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.939	+0.009%	$33.0M	$47.1M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	10.938	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.919	−0.174%	$371K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.916	−0.205%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.931	−0.064%	$352K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.931	−0.064%	$176K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.940	+0.018%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.947	+0.082%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.971	+0.298%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.938	0.000%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.938	−0.005%	$359K	$777K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.939	+0.009%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.933	−0.050%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.935	−0.026%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	−0.137%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.933	−0.046%	$891K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.937	−0.011%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0265%	1h	10.955	+0.155%	$42.0M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.943	+0.046%	$238K	—	120x	as long as short