AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0206%/8h= −22.6% APRnext payment −$0.26 per $10,000 · paid last 24h −0.140%

Price spread now: Deribit against Nado+0.045%7-day average −0.029% · 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−$24as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.450%−$45 on $10k

Price spread, last 3 days (all we have)−0.166%−$17 · spread now +0.045%, 7d avg −0.029%

Together, before fees−0.616%+ Points / potential airdropNado: Active · farm board−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.074% dearer against Nado than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.029%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 3 days (−0.450% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.114	0.0007	pay 0.0001% / 1h	49m 16s	$291K	$860K	10x
Short	Deribit AVAX_USDC-PERPETUAL	11.119	−0.0199	pay 0.0025% / 1h	49m 16s	$5.3M	$8.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$43.29
Price spread: +0.045% → −0.029%: $7.38
Slippage, 4 orders: −$17.06
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$66.98
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from Nado: live order book, 24 min ago; Deribit: live order book, 5 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, 24 min ago	1.78 bp	10.9 bp −$11	23.4 bp −$234	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	1.34 bp	6.8 bp −$7	36.1 bp −$361	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	11.100	−0.126%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALshort	−0.0199%	1h	11.119	+0.045%	$5.3M	$8.8M	25x
Gate AVAX_USDT	−0.0008%	8h	11.118	+0.036%	$12.2M	$38.0M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.124	+0.086%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.120	+0.052%	$13K	—	150x	as long as short
Nado AVAX-PERPlong	+0.0007%	1h	11.114	long leg	$291K	$860K	10x
Lighter AVAX	+0.0096%	1h	11.122	+0.071%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.121	+0.063%	$18K	$646K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.114	+0.003%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.119	+0.045%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.123	+0.079%	$295K	$117K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.122	+0.075%	$118.8M	$502.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.121	+0.063%	$88.5M	$152.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.119	+0.045%	$20.0M	$138.6M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.121	+0.063%	$48.5M	$88.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.123	+0.081%	$15.4M	$23.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.120	+0.054%	$33.7M	$56.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.119	+0.045%	—	$86.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.121	+0.063%	$356K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.152	+0.340%	$3.0M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.192	+0.703%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.156	+0.378%	$179K	$689K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.121	+0.063%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.127	+0.117%	$197K	$308K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.155	+0.365%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.122	+0.072%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.113	−0.005%	$359K	$977K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.126	+0.108%	$29.9M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.120	+0.051%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.119	+0.049%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.125	+0.098%	$4.3M	$13.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.121	+0.063%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.115	+0.012%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.134	+0.180%	$901K	$7.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.118	+0.038%	$248K	—	120x	as long as short
Hyperliquid AVAX	+0.0649%	1h	11.138	+0.213%	$43.5M	$53.7M	10x	as long as short