Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h +0.001%

Price spread now: Nado against Gate−0.039%7-day average +0.024% · 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−$54as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.039%, 7d avg +0.024%

Together, before fees+0.273%+ Points / potential airdropNado: Active · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Nado is 0.063% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	10.921	0.0088	pay 0.0088% / 8h	3h 20m	$12.2M	$32.5M	75x
Short	Nado AVAX-PERP	10.917	0.0031	get 0.0004% / 1h	20m 55s	$283K	$309K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.039%Rate

Funding earned: −$11.89
Price spread: −0.039% → +0.024%: −$6.26
Slippage, 4 orders: −$26.16
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$66.31
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	0.46 bp	14.0 bp −$14	22.7 bp −$227	37.7 bp −$3,773	63.2 bp −$31.6K
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	−0.559%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.922	+0.009%	$96K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.924	+0.027%	$5.0M	$7.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.925	+0.037%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.927	+0.056%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERPshort	+0.0031%	1h	10.917	−0.039%	$283K	$309K	10x
Gate AVAX_USDTlong	+0.0088%	8h	10.921	long leg	$12.2M	$32.5M	75x
Lighter AVAX	+0.0096%	1h	10.923	+0.020%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.923	+0.018%	$7K	$454K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.920	−0.014%	$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	10.916	−0.042%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.924	+0.027%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.923	+0.018%	$114.7M	$423.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.916	−0.046%	$82.7M	$138.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.921	0.000%	$19.7M	$111.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.923	+0.018%	$45.4M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.924	+0.027%	$15.0M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.918	−0.027%	$32.9M	$47.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.917	−0.037%	—	$54.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.919	−0.018%	$371K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.916	−0.050%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.931	+0.092%	$352K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.931	+0.092%	$176K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.921	0.000%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.930	+0.082%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.954	+0.299%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.924	+0.027%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.924	+0.023%	$360K	$776K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.922	+0.009%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.917	−0.036%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.918	−0.027%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	+0.018%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.923	+0.018%	$890K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.917	−0.040%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0265%	1h	10.931	+0.092%	$41.9M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.925	+0.034%	$237K	—	120x	as long as short