Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0121%/8h= +13.3% APRpaid last 24h +0.016%

Price spread now: Bitget against Nado−0.027%7-day average −0.045% · 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−$37as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 4 days (all we have)−0.285%−$29 · spread now −0.027%, 7d avg −0.045%

Together, before fees−0.258%+ Points / potential airdropNado: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$4 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	11.036	−0.0021	get 0.0003% / 1h	17m 14s	$288K	$370K	10x
Short	Bitget AVAXUSDT	11.033	0.0100	get 0.0100% / 8h	4h 17m	$33.1M	$48.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.027%Rate

Funding earned: $25.51
Price spread: −0.027% → −0.045%: $1.77
Slippage, 4 orders: −$19.42
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$11.14
Costs to cover: 0.384%
Break-even: 10.1 days

Slippage from Nado: live order book, 41 min ago; Bitget: live order book, 2 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, 41 min ago	1.35 bp	10.3 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.45 bp	9.7 bp −$10	17.2 bp −$172	40.6 bp −$4,062	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	−0.1423%	1h	10.950	−0.779%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0022%	1h	11.041	+0.045%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERPlong	−0.0021%	1h	11.036	long leg	$288K	$370K	10x
dYdX AVAX-USD	0.0000%	1h	11.032	−0.040%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.047	+0.101%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.043	+0.068%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.042	+0.054%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.033	−0.027%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.039	+0.026%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.038	+0.018%	$288K	$114K	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	11.045	+0.084%	$116.3M	$429.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.043	+0.063%	$87.6M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.048	+0.109%	$20.2M	$115.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.041	+0.045%	$12.1M	$34.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.047	+0.100%	$46.5M	$78.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.049	+0.118%	$15.5M	$21.7M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.033	−0.027%	$33.1M	$48.0M	75x
BingX AVAX-USDT	+0.0100%	8h	11.037	+0.009%	—	$78.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.043	+0.063%	$332K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.013	−0.204%	$2.8M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.017	−0.175%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.021	−0.136%	$177K	$670K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.044	+0.072%	$130K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.050	+0.127%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.074	+0.346%	$12K	$711K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.044	+0.072%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.036	−0.005%	$367K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.046	+0.091%	$29.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.040	+0.032%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.044	+0.077%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0213%	1h	11.047	+0.097%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.044	+0.072%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.055	+0.172%	$885K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.039	+0.029%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.047	+0.103%	$234K	—	120x	as long as short
Hyperliquid AVAX	+0.0533%	1h	11.051	+0.136%	$42.9M	$42.0M	10x	as long as short