AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h +0.029%

Price spread now: Backpack against Nado−0.009%7-day average +0.005% · 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−$39as in the Price arb table

costs, in and out, $10k−$380.379% of the position

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now −0.009%, 7d avg +0.005%

Together, before fees−0.310%+ Points / potential airdropNado: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	10.891	0.0025	pay 0.0003% / 1h	56m 45s	$277K	$300K	10x
Short	Backpack AVAX_USDC_PERP	10.890	0.0100	get 0.0013% / 1h	56m 45s	$440K	$524K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Nado. 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 NadobpFee BackpackbpOrdersPrice spread, now −0.009%Rate

Funding earned: $15.67
Price spread: −0.009% → +0.005%: −$1.44
Slippage, 4 orders: −$20.94
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$23.72
Costs to cover: 0.379%
Break-even: 17.6 days

Slippage from Nado: live order book, 54 min ago; Backpack: live order book, 55 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 Nado live order book, 54 min ago	1.39 bp	9.4 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit
Sell Backpack live order book, 55 min ago	0.46 bp	8.3 bp −$8	43.5 bp −$435	doesn't fit	doesn't fit

AVAX on 36 exchanges

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	−0.0139%	8h	10.909	+0.165%	$3.1M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0107%	1h	10.888	−0.028%	$19K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0103%	8h	10.883	−0.073%	$14.5M	$26.6M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.893	+0.020%	$3.8M	$11.0M	50x	as long as short
Bybit AVAXUSDT	−0.0039%	8h	10.882	−0.083%	$84.9M	$132.6M	75x	as long as short
Phemex AVAXUSDT	−0.0030%	8h	10.889	−0.018%	$29.0M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.896	+0.050%	$93K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.892	+0.009%	$5.0M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.892	+0.012%	$23K	—	150x	as long as short
Nado AVAX-PERPlong	+0.0025%	1h	10.891	long leg	$277K	$300K	10x

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	−1.203%	$17K	$151K	12x	as long as short
Lighter AVAX	+0.0096%	1h	10.891	−0.002%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.888	−0.028%	$23K	$441K	50x	as long as short
OKX AVAX-USDT-SWAP	+0.0097%	8h	10.880	−0.101%	$19.4M	$102.8M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.881	−0.093%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.903	+0.110%	$36.2M	$38.1M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.889	−0.014%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.889	−0.021%	$274K	$122K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.887	−0.041%	$115.0M	$375.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.884	−0.064%	$53.7M	$69.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.889	−0.018%	$14.3M	$18.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.881	−0.092%	$33.1M	$43.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.882	−0.083%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERPshort	+0.0100%	1h	10.890	−0.009%	$440K	$524K	15x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.909	+0.165%	$343K	$1.5M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.913	+0.202%	$175K	$660K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.889	−0.018%	$137K	$247K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.896	+0.046%	$236K	$217K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.918	+0.245%	$12K	$773K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.889	−0.023%	$327K	$948K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.877	−0.124%	$618K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.894	+0.025%	$250K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.924	+0.303%	$863K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.887	−0.037%	$4.8M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.884	−0.061%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0294%	1h	10.893	+0.015%	$230K	—	120x	as long as short