Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.022%

Price spread now: Nado against HTX−0.025%7-day average +0.023% · 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−$98as in the Price arb table

costs, in and out, $10k−$930.929% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 3 days (all we have)+0.115%+$12 · spread now −0.025%, 7d avg +0.023%

Together, before fees+0.078%+ Points / potential airdropNado: Active · farm board+$8 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 0.048% cheaper against HTX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX AVAX-USDT	11.192	0.0100	pay 0.0100% / 8h	7h 04m	$364K	$942K	75x
Short	Nado AVAX-PERP	11.189	−0.0070	pay 0.0009% / 1h	4m 36s	$293K	$680K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.025%Rate

Funding earned: −$35.76
Price spread: −0.025% → +0.023%: −$4.79
Slippage, 4 orders: −$73.88
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$133.43
Costs to cover: 0.929%
Break-even: never at this rate

Slippage from HTX: live order book, 9 min ago; Nado: live order book, 4 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 HTX live order book, 9 min ago	11.76 bp	39.5 bp −$40	110.6 bp −$1,106	doesn't fit	doesn't fit
Sell Nado live order book, 4 min ago	0.89 bp	7.5 bp −$7	15.1 bp −$151	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	−0.1363%	1h	11.150	−0.373%	$17K	$151K	12x	as long as short
Nado AVAX-PERPshort	−0.0070%	1h	11.189	−0.025%	$293K	$680K	10x
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.190	−0.016%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.197	+0.050%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.191	−0.003%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.192	+0.004%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.187	−0.043%	$15K	$605K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.196	+0.041%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.194	+0.020%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.194	+0.023%	$297K	$107K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.187	−0.042%	$119.5M	$474.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.189	−0.025%	$89.0M	$146.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.188	−0.034%	$20.0M	$130.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.189	−0.025%	$12.2M	$38.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.188	−0.034%	$50.9M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.200	+0.073%	$15.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.188	−0.034%	$34.0M	$53.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.188	−0.034%	—	$84.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.190	−0.016%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.188	−0.030%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.209	+0.154%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.211	+0.172%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.192	+0.002%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.198	+0.055%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.220	+0.252%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.193	+0.011%	$19K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	11.192	long leg	$364K	$942K	75x
Phemex AVAXUSDT	+0.0100%	8h	11.192	+0.002%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.183	−0.080%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.188	−0.036%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.193	+0.007%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.191	−0.007%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.188	−0.035%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.199	+0.064%	$910K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.190	−0.016%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0665%	1h	11.215	+0.207%	$43.8M	$48.9M	10x	as long as short