Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0149%/8h= −16.4% APRpaid last 24h −0.017%

Price spread now: Nado against KuCoin−0.054%7-day average +0.016% · 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−$59as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 3 days (all we have)+0.188%+$19 · spread now −0.054%, 7d avg +0.016%

Together, before fees+0.163%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.069% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AVAXUSDTM	11.158	0.0100	pay 0.0100% / 8h	7h 23m	$15.3M	$23.2M	75x
Short	Nado AVAX-PERP	11.152	−0.0049	pay 0.0006% / 1h	23m 22s	$292K	$828K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.054%Rate

Funding earned: −$31.37
Price spread: −0.054% → +0.016%: −$6.94
Slippage, 4 orders: −$32.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$90.26
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Nado: live order book, 50 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 KuCoin live order book, 5 min ago	0.90 bp	17.4 bp −$17	35.1 bp −$351	doesn't fit	doesn't fit
Sell Nado live order book, 50 min ago	1.78 bp	6.9 bp −$7	14.9 bp −$149	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	11.090	−0.609%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0108%	1h	11.157	−0.009%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERPshort	−0.0049%	1h	11.152	−0.054%	$292K	$828K	10x
dYdX AVAX-USD	0.0000%	1h	11.156	−0.019%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.161	+0.024%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.161	+0.027%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.158	0.000%	$17K	$614K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.157	−0.005%	$13K	$405	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.158	+0.001%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.160	+0.017%	$296K	$100K	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	11.160	+0.014%	$119.0M	$480.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.161	+0.027%	$88.8M	$148.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.159	+0.009%	$19.9M	$132.3M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.160	+0.018%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.161	+0.027%	$48.9M	$88.8M	200x	as long as short
KuCoin AVAXUSDTMlong	+0.0100%	8h	11.158	long leg	$15.3M	$23.2M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.162	+0.036%	$33.8M	$53.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.159	+0.009%	—	$84.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.160	+0.018%	$357K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.181	+0.203%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.172	+0.122%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.163	+0.045%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.154	−0.036%	$131K	$373K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.166	+0.072%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.190	+0.287%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.161	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.159	+0.004%	$361K	$945K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.159	+0.009%	$29.9M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.157	−0.009%	$671K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.155	−0.029%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.165	+0.059%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.161	+0.027%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.151	−0.064%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.172	+0.125%	$909K	$6.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.159	+0.011%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0686%	1h	11.171	+0.117%	$43.6M	$49.5M	10x	as long as short