Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0203%/8h= +22.2% APRpaid last 24h +0.020%

Price spread now: BingX against Nado+0.061%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on Nado Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.061% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	10.713	−0.0103	get 0.0013% / 1h	2m 15s	$287K	$340K	10x
Short	BingX AVAX-USDC	10.720	0.0100	get 0.0100% / 8h	2h 02m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.061%Rate

Funding earned: $42.6
Price spread: +0.061% → 0.000%: $6.07
Slippage, 4 orders: −$29.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: $2.5
Costs to cover: 0.462%
Break-even: 6.6 days

Slippage from Nado: live order book, 45 min ago; BingX: live order book, 3 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, 45 min ago	1.89 bp	10.3 bp −$10	23.3 bp −$233	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	1.40 bp	13.5 bp −$13	28.9 bp −$289	84.1 bp −$8,412	503.1 bp −$251.5K

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	−0.1423%	1h	10.760	+0.434%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0278%	1h	10.728	+0.134%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERPlong	−0.0103%	1h	10.713	long leg	$287K	$340K	10x
Variational Omni AVAX	−0.0030%	8h	10.729	+0.141%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.718	+0.041%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.724	+0.098%	$4.8M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.722	+0.076%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0040%	8h	10.719	+0.051%	$12.6M	$33.3M	75x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.724	+0.098%	$82.2M	$149.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.723	+0.084%	$1.2M	$2.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.721	+0.070%	$18K	$432K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	10.715	+0.012%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.731	+0.163%	$37.6M	$44.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.725	+0.104%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.720	+0.061%	$268K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.725	+0.110%	$114.4M	$432.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.724	+0.098%	$18.8M	$114.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.720	+0.061%	$45.5M	$81.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.718	+0.042%	$13.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.722	+0.079%	$32.5M	$49.3M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	10.720	+0.061%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.726	+0.117%	$428K	$589K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.721	+0.069%	$335K	$999K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.743	+0.275%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.722	+0.079%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	+0.126%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.744	+0.285%	$11K	$767K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.724	+0.098%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.725	+0.103%	$343K	$879K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.727	+0.126%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.717	+0.031%	$615K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.718	+0.039%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.738	+0.229%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.727	+0.126%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.719	+0.047%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.721	+0.071%	$227K	—	120x	as long as short