Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h +0.024%

Price spread now: KuCoin against Nado+0.023%7-day average −0.012% · 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−$49as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.027%+$3 on $10k

Price spread, last 4 days (all we have)−0.245%−$25 · spread now +0.023%, 7d avg −0.012%

Together, before fees−0.219%+ Points / potential airdropNado: Active · farm board−$22 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 KuCoin is 0.034% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	10.950	0.0007	pay 0.0001% / 1h	41m 48s	$284K	$319K	10x
Short	KuCoin AVAXUSDTM	10.953	0.0100	get 0.0100% / 8h	3h 41m	$15.4M	$21.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.023%Rate

Funding earned: $19.63
Price spread: +0.023% → −0.012%: $3.44
Slippage, 4 orders: −$33.09
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$29.02
Costs to cover: 0.521%
Break-even: 17.3 days

Slippage from Nado: live order book, 11 min ago; KuCoin: 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, 11 min ago	1.82 bp	10.8 bp −$11	20.6 bp −$206	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	0.46 bp	17.8 bp −$18	32.8 bp −$328	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	−0.1421%	1h	10.920	−0.279%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0024%	1h	10.947	−0.032%	$5.0M	$7.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.951	+0.007%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.951	+0.005%	$12K	—	150x	as long as short
Nado AVAX-PERPlong	+0.0007%	1h	10.950	long leg	$284K	$319K	10x
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.952	+0.015%	$4.2M	$11.3M	50x	as long as short
Lighter AVAX	+0.0096%	1h	10.941	−0.087%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.950	−0.005%	$15K	$456K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.952	+0.014%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.954	+0.030%	$2.2M	$1.1M	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	10.956	+0.048%	$276K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.939	−0.105%	$115.3M	$428.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.936	−0.132%	$83.4M	$141.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.934	−0.151%	$20.1M	$113.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.947	−0.032%	$12.1M	$32.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.953	+0.023%	$45.4M	$78.2M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	10.953	+0.023%	$15.4M	$21.8M	75x
Bitget AVAXUSDT	+0.0100%	8h	10.936	−0.132%	$32.9M	$47.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.938	−0.114%	—	$74.8M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.949	−0.014%	$368K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.991	+0.366%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.991	+0.372%	$344K	$908K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.990	+0.361%	$177K	$668K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.950	−0.005%	$128K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.955	+0.041%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.980	+0.274%	$12K	$721K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.949	−0.014%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.947	−0.029%	$365K	$794K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.954	+0.032%	$29.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.943	−0.070%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.928	−0.209%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.963	+0.114%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.955	+0.041%	$891K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.947	−0.034%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0396%	1h	10.954	+0.032%	$42.2M	$41.9M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.951	+0.009%	$232K	—	120x	as long as short