AVAX

Alert

Funding spread now, next payment 19:00 UTC−0.0331%/8h

paid, last 24h+0.040%paid, last 3 days−0.068%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.068% in total (about -8.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.917	0.0100	pay 0.0100% / 8h	5h 01m	$203K	$412K	20x
Short	Nado AVAX-PERP	10.903	−0.0231	pay 0.0029% / 1h	1m 23s	$319K	$974K	10x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee NadobpOrdersRate

Funding earned: −$69.6
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$82.6
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 14 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.124%
Avg gap 7d: −0.035%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 14 min ago	1.38 bp	8.7 bp −$9	17.4 bp −$174	doesn't fit	doesn't fit

Orderly: 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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Deribit AVAX_USDC-PERPETUAL	−0.0391%	1h	$5.1M	$10.1M	25x	as long as short
Variational Omni AVAX	−0.0296%	8h	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERPshort	−0.0231%	1h	$319K	$974K	10x
Bybit AVAXUSDT	−0.0167%	8h	$85.4M	$150.2M	75x	as long as short
Gate AVAX_USDT	−0.0082%	8h	$11.9M	$41.9M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0073%	1h	$302K	$543K	15x	as long as short
OKX AVAX-USDT-SWAP	−0.0065%	8h	$18.8M	$145.3M	50x	as long as short
Kraken Futures PF_AVAXUSD	−0.0004%	1h	$4.4M	$14.2M	50x	as long as short
Phemex AVAXUSDT	−0.0002%	8h	$29.2M	$4.9M	50x	as long as short
Aster AVAXUSDT	0.0000%	8h	$2.2M	$2.1M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX AVAX-USD	0.0000%	1h	$85K	$155K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	$12K	—	150x	as long as short
Bitget AVAXUSDT	+0.0027%	8h	$33.3M	$64.0M	75x	as long as short
BingX AVAX-USDC	+0.0028%	8h	—	$6.5M	—	as long as short
MEXC AVAX_USDT	+0.0031%	8h	$50.4M	$125.8M	200x	as long as short
Binance AVAXUSDT	+0.0032%	8h	$117.1M	$552.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	$17K	$35K	12x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0040%	1h	$806K	$8.3M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0068%	8h	$12K	$766	20x	as long as short
SoDEX AVAX-USD	+0.0078%	1h	$18K	$72K	10x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	$250K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	$1.2M	$3.2M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	$13K	$749K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	$295K	$137K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	$14.9M	$25.0M	75x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	$176K	$709K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	$112K	$475K	10x	as long as short
Orderly PERP_AVAX_USDClong	+0.0100%	8h	$203K	$412K	20x
SunX AVAX-USDT	+0.0100%	8h	$12K	$689K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	$348K	$1.3M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	$608K	$2.2M	25x	as long as short
BloFin AVAX-USDT	+0.0124%	8h	$5.0M	$9.3M	100x	as long as short
Hyperliquid AVAX	+0.0126%	1h	$40.4M	$60.8M	10x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0411% / S −0.0244%	1h	$235K	—	120x	as long as short