Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h −0.028%

Price spread now: Nado against BloFin+0.049%7-day average −0.011% · 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−$23as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.107%−$11 on $10k

Price spread, last 3 days (all we have)+0.108%+$11 · spread now +0.049%, 7d avg −0.011%

Together, before fees+0.001%+ Points / potential airdropNado: Active · farm board$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.060% dearer against BloFin than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.011%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.107% in total) that is about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin AVAX-USDT	11.246	0.0220	pay 0.0220% / 8h	1h 23m	$5.0M	$8.0M	100x
Short	Nado AVAX-PERP	11.252	−0.0030	pay 0.0004% / 1h	23m 37s	$297K	$895K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee NadobpOrdersPrice spread, now +0.049%Rate

Funding earned: −$52.46
Price spread: +0.049% → −0.011%: $5.97
Slippage, 4 orders: −$9.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$75.44
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Nado: live order book, 60 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 BloFin live order book, 5 min ago	0.44 bp	7.7 bp −$8	13.5 bp −$135	29.2 bp −$2,918	75.0 bp −$37.5K
Sell Nado live order book, 60 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
Injective AVAX/USDC PERP	−0.0570%	1h	11.200	−0.409%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.252	+0.053%	$5.3M	$9.2M	25x	as long as short
Nado AVAX-PERPshort	−0.0030%	1h	11.252	+0.049%	$297K	$895K	10x
Variational Omni AVAX	−0.0005%	8h	11.249	+0.028%	$3.0M	$2.4M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.259	+0.115%	$104K	$112K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.254	+0.069%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.261	+0.132%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.253	+0.062%	$17K	$688K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.255	+0.084%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.254	+0.071%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.262	+0.140%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.259	+0.116%	$120.4M	$526.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.267	+0.187%	$89.2M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.271	+0.222%	$20.3M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.267	+0.187%	$12.4M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.258	+0.107%	$52.2M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.260	+0.124%	$16.1M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.269	+0.205%	$34.2M	$60.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.272	+0.231%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.254	+0.071%	$361K	$570K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.266	+0.176%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.270	+0.213%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.254	+0.071%	$134K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.261	+0.133%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.283	+0.326%	$12K	$731K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.252	+0.053%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.252	+0.058%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.250	+0.036%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.267	+0.185%	$673K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.252	+0.053%	$258K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.261	+0.133%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	11.246	long leg	$5.0M	$8.0M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.251	+0.041%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0250%	1h	11.254	+0.071%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0625%	1h	11.274	+0.249%	$43.7M	$56.7M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.258	+0.109%	$4.6M	$13.5M	50x	as long as short