AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0765%/8h= −83.7% APRnext payment −$0.96 per $10,000 · paid last 24h −0.073%

Price spread now: Nado against Hyperliquid−0.031%7-day average −0.039% · 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−$26as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Hyperliquid Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 3 days (all we have)+0.339%+$34 · spread now −0.031%, 7d avg −0.039%

Together, before fees+0.250%+ Points / potential airdropHyperliquid: Season 2 · Nado: Active · farm board+$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.088% in total (about -10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.96 per $10,000. 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	Hyperliquid AVAX	11.377	0.0684	pay 0.0085% / 1h	6m 37s	$44.2M	$58.5M	10x
Short	Nado AVAX-PERP	11.373	−0.0081	pay 0.0010% / 1h	6m 37s	$300K	$958K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Hyperliquid. 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 HyperliquidbpFee NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: −$160.6
Price spread: −0.031% → −0.039%: $0.8
Slippage, 4 orders: −$11.27
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$187.07
Costs to cover: 0.273%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Nado: live order book, 17 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 Hyperliquid live order book, 7 min ago	0.44 bp	6.1 bp −$6	14.0 bp −$140	doesn't fit	doesn't fit
Sell Nado live order book, 17 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
Variational Omni AVAX	−0.0092%	8h	11.306	−0.622%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERPshort	−0.0081%	1h	11.373	−0.031%	$300K	$958K	10x
Injective AVAX/USDC PERP	−0.0043%	1h	11.320	−0.501%	$17K	$152K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0014%	1h	11.367	−0.088%	$5.4M	$9.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.349	−0.247%	$100K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.370	−0.066%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.339	−0.334%	$995K	$8.4M	50x	as long as short
Gate AVAX_USDT	+0.0069%	8h	11.344	−0.290%	$12.7M	$40.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0090%	8h	11.353	−0.211%	$20.4M	$149.8M	50x	as long as short
Phemex AVAXUSDT	+0.0095%	8h	11.366	−0.097%	$30.4M	$4.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	11.359	−0.162%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.351	−0.229%	$12K	$704K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.339	−0.336%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.352	−0.221%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.353	−0.211%	$302K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.349	−0.246%	$121.8M	$536.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.355	−0.193%	$91.4M	$156.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.340	−0.325%	$55.7M	$110.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.349	−0.246%	$16.5M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.343	−0.299%	$35.0M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.343	−0.299%	—	$90.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.368	−0.079%	$340K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.320	−0.502%	$358K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.325	−0.457%	$183K	$682K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.372	−0.044%	$135K	$484K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.374	−0.026%	$205K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.399	+0.189%	$12K	$722K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.365	−0.105%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.368	−0.076%	$365K	$1.1M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.340	−0.322%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.361	−0.143%	$261K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.368	−0.079%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.366	−0.093%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.368	−0.079%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.369	−0.070%	$245K	—	120x	as long as short
Hyperliquid AVAXlong	+0.0684%	1h	11.377	long leg	$44.2M	$58.5M	10x