AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0132%/8h= +14.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.110%

Price spread now: Hyperliquid against Nado+0.127%7-day average +0.050% · 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−$26as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.146%+$15 on $10k

Price spread, last 4 days (all we have)−0.306%−$31 · spread now +0.127%, 7d avg +0.050%

Together, before fees−0.160%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.077% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	10.604	−0.0032	get 0.0004% / 1h	33m 19s	$290K	$338K	10x
Short	Hyperliquid AVAX	10.617	0.0100	get 0.0013% / 1h	33m 19s	$37.9M	$43.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.127%Rate

Funding earned: $27.7
Price spread: +0.127% → +0.050%: $7.75
Slippage, 4 orders: −$17.4
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $2.04
Costs to cover: 0.334%
Break-even: 6.5 days

Slippage from Nado: live order book, 14 min ago; Hyperliquid: live order book, 10 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, 14 min ago	1.89 bp	10.3 bp −$10	23.3 bp −$233	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.94 bp	7.1 bp −$7	16.0 bp −$160	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	−0.1423%	1h	10.760	+1.476%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.612	+0.077%	$4.2M	$11.5M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0127%	1h	10.609	+0.052%	$4.7M	$7.5M	25x	as long as short
Nado AVAX-PERPlong	−0.0032%	1h	10.604	long leg	$290K	$338K	10x
dYdX AVAX-USD	0.0000%	1h	10.612	+0.079%	$93K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.612	+0.083%	$12K	—	150x	as long as short
Variational Omni AVAX	+0.0008%	8h	10.633	+0.277%	$2.8M	$2.1M	—	as long as short
Gate AVAX_USDT	+0.0031%	8h	10.603	−0.005%	$12.1M	$32.5M	75x	as long as short
Polymarket Perps AVAX-USD	+0.0075%	1h	10.607	+0.033%	$132K	$355K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.610	+0.065%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.609	+0.052%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.605	+0.014%	$18K	$448K	50x	as long as short
Bybit AVAXUSDT	+0.0097%	8h	10.603	−0.005%	$78.7M	$144.5M	75x	as long as short
Hyperliquid AVAXshort	+0.0100%	1h	10.617	+0.127%	$37.9M	$43.6M	10x
Aster AVAXUSDT	+0.0100%	8h	10.612	+0.076%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.613	+0.086%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.613	+0.090%	$112.7M	$430.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.607	+0.033%	$18.6M	$112.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.612	+0.080%	$42.2M	$79.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.603	−0.005%	$13.3M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.603	−0.005%	$31.9M	$49.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.613	+0.090%	—	$54.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.625	+0.203%	$370K	$538K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.624	+0.195%	$336K	$957K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.654	+0.476%	$172K	$663K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.613	+0.090%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.638	+0.328%	$11K	$756K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.609	+0.052%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.609	+0.049%	$343K	$799K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.612	+0.080%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.604	+0.001%	$641K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.604	+0.005%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.610	+0.061%	$836K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.604	+0.005%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.604	+0.004%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0278%	1h	10.613	+0.086%	$230K	—	120x	as long as short