Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0298%/8h= +32.7% APRpaid last 24h +0.025%

Price spread now: Paradex against Nado+0.004%50s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	10.711	−0.0203	get 0.0025% / 1h	51m 44s	$287K	$339K	10x
Short	Paradex AVAX-USD-PERP	10.711	0.0095	get 0.0095% / 8h	1h 51m	$12K	$212	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.004%Rate

Funding earned: $62.63
Price spread: +0.004% → 0.000%: $0.42
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $52.05
Costs to cover: 0.110%
Break-even: 1.2 days

Slippage unknown: Nado: live order book, 56 min ago; Paradex: no order-book sample. Net counts fees only.

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, 56 min ago	1.89 bp	10.3 bp −$10	23.3 bp −$233	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Nado AVAX-PERPlong	−0.0203%	1h	10.711	long leg	$287K	$339K	10x
Variational Omni AVAX	−0.0033%	8h	10.709	−0.022%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.712	+0.012%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.715	+0.037%	$4.8M	$7.3M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.717	+0.060%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0032%	8h	10.707	−0.037%	$12.7M	$32.0M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.457%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0087%	1h	10.709	−0.019%	$18K	$72K	10x	as long as short
Bybit AVAXUSDT	+0.0091%	8h	10.708	−0.028%	$81.7M	$147.5M	75x	as long as short
Paradex AVAX-USD-PERPshort	+0.0095%	8h	10.711	+0.004%	$12K	$212	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.710	−0.012%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.713	+0.019%	$23K	$436K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.713	+0.019%	$37.5M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.708	−0.032%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.712	+0.009%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.711	0.000%	$113.9M	$429.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.709	−0.019%	$18.7M	$113.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.711	0.000%	$45.1M	$80.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.710	−0.009%	$13.6M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.708	−0.028%	$32.5M	$49.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.709	−0.019%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.707	−0.037%	$428K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.712	+0.009%	$347K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.720	+0.084%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.715	+0.037%	$136K	$354K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.723	+0.112%	$231K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.750	+0.364%	$12K	$764K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	−0.023%	$344K	$876K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	−0.019%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.700	−0.102%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.713	+0.019%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.712	+0.011%	$4.2M	$11.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.736	+0.233%	$934K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.714	+0.028%	$4.7M	$5.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.709	−0.015%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.717	+0.058%	$227K	—	120x	as long as short