AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0592%/8h= −64.8% APRnext payment −$0.74 per $10,000 · paid last 24h −0.151%

Price spread now: Injective against Nado−0.549%7-day average −0.199% · 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−$138as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.277%−$28 on $10k

Price spread, last 3 days (all we have)+1.272%+$127 · spread now −0.549%, 7d avg −0.199%

Together, before fees+0.995%+ Points / potential airdropNado: Active · farm board+$99 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Injective is 0.350% cheaper against Nado than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.199%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.201	0.0023	pay 0.0003% / 1h	46m 59s	$295K	$912K	10x
Short	Injective AVAX/USDC PERP	11.140	−0.0570	pay 0.0071% / 1h	46m 59s	$17K	$151K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.549%Rate

Funding earned: −$124.36
Price spread: −0.549% → −0.199%: −$35.05
Slippage, 4 orders: −$95.85
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$262.28
Costs to cover: 1.029%
Break-even: never at this rate

Slippage from Nado: live order book, 36 min ago; Injective: live order book, 37 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, 36 min ago	1.77 bp	9.3 bp −$9	19.8 bp −$198	doesn't fit	doesn't fit
Sell Injective live order book, 37 min ago	35.37 bp	35.4 bp −$35	doesn't fit	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 PERPshort	−0.0570%	1h	11.140	−0.549%	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0107%	1h	11.190	−0.103%	$5.3M	$9.3M	25x	as long as short
Variational Omni AVAX	−0.0043%	8h	11.261	+0.527%	$3.0M	$2.3M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	11.221	+0.178%	$98K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.196	−0.047%	$16K	—	150x	as long as short
Nado AVAX-PERPlong	+0.0023%	1h	11.201	long leg	$295K	$912K	10x
Gate AVAX_USDT	+0.0094%	8h	11.192	−0.085%	$12.5M	$39.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.195	−0.056%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.201	−0.004%	$14K	$696K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.217	+0.142%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.190	−0.104%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.218	+0.150%	$298K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.192	−0.083%	$119.9M	$528.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.190	−0.103%	$87.6M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.188	−0.121%	$20.1M	$146.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.191	−0.094%	$52.2M	$99.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.195	−0.058%	$16.1M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.192	−0.085%	$33.9M	$60.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.192	−0.085%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.193	−0.076%	$357K	$579K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.257	+0.495%	$356K	$885K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	+0.138%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.203	+0.013%	$133K	$459K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.208	+0.058%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.218	+0.146%	$12K	$726K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.191	−0.094%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.216	+0.125%	$361K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.192	−0.085%	$30.1M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.187	−0.127%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.191	−0.094%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.205	+0.031%	$903K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.193	−0.076%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.192	−0.082%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.196	−0.048%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0494%	1h	11.210	+0.076%	$43.4M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0632%	1h	11.198	−0.029%	$4.6M	$13.6M	50x	as long as short