Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.044%

Price spread now: HTX against Nado0.000%7-day average −0.022% · 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−$87as in the Price arb table

costs, in and out, $10k−$890.892% of the position

Long on Nado Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now 0.000%, 7d avg −0.022%

Together, before fees−0.086%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.022% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	10.822	0.0005	pay 0.0001% / 1h	26m 57s	$276K	$289K	10x
Short	HTX AVAX-USDT	10.822	0.0100	get 0.0100% / 8h	5h 26m	$324K	$902K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $20.03
Price spread: 0.000% → −0.022%: $2.23
Slippage, 4 orders: −$70.16
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$66.91
Costs to cover: 0.892%
Break-even: 30.4 days

Slippage from Nado: live order book, 19 min ago; HTX: live order book, 20 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, 19 min ago	1.38 bp	9.0 bp −$9	18.6 bp −$186	doesn't fit	doesn't fit
Sell HTX live order book, 20 min ago	19.71 bp	32.5 bp −$32	89.0 bp −$890	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	−0.0150%	8h	10.806	−0.153%	$3.1M	$2.0M	—	as long as short
Gate AVAX_USDT	−0.0102%	8h	10.824	+0.014%	$14.6M	$26.8M	75x	as long as short
Kraken Futures PF_AVAXUSD	−0.0056%	1h	10.829	+0.060%	$3.7M	$10.7M	50x	as long as short
Bybit AVAXUSDT	−0.0053%	8h	10.822	−0.005%	$84.4M	$131.0M	75x	as long as short
Phemex AVAXUSDT	−0.0031%	8h	10.824	+0.014%	$28.9M	$5.6M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.824	+0.017%	$92K	$100K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.827	+0.042%	$4.9M	$6.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0002%	1h	10.830	+0.066%	$23K	—	150x	as long as short
Nado AVAX-PERPlong	+0.0005%	1h	10.822	long leg	$276K	$289K	10x
SoDEX AVAX-USD	+0.0010%	1h	10.824	+0.014%	$18K	$67K	10x	as long as short

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	−0.578%	$17K	$151K	12x	as long as short
OKX AVAX-USDT-SWAP	+0.0069%	8h	10.823	+0.005%	$19.2M	$100.0M	50x	as long as short
MEXC AVAX_USDT	+0.0091%	8h	10.827	+0.042%	$52.6M	$69.7M	200x	as long as short
Binance AVAXUSDT	+0.0091%	8h	10.827	+0.042%	$113.9M	$369.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.826	+0.030%	$1.2M	$1.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.826	+0.032%	$22K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.822	−0.005%	$12K	$62	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.836	+0.125%	$36.1M	$37.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.828	+0.051%	$2.2M	$1.3M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.831	+0.081%	$273K	$87K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.826	+0.032%	$14.1M	$18.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.823	+0.005%	$33.1M	$42.9M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.823	+0.005%	—	$38.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.827	+0.042%	$394K	$566K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.812	−0.098%	$345K	$1.6M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.821	−0.014%	$154K	$679K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.822	−0.005%	$62K	$364K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.830	+0.069%	$234K	$208K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.854	+0.294%	$12K	$773K	20x	as long as short
HTX AVAX-USDTshort	+0.0100%	8h	10.822	0.000%	$324K	$902K	75x
Extended AVAX-USD	+0.0104%	1h	10.818	−0.038%	$616K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.820	−0.023%	$249K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0208%	1h	10.822	−0.005%	$852K	$5.0M	50x	as long as short
BloFin AVAX-USDT	+0.0211%	8h	10.820	−0.023%	$4.7M	$5.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.818	−0.042%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0464% / S −0.0317%	1h	10.828	+0.047%	$239K	—	120x	as long as short