AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0139%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h −0.002%

Price spread now: Nado against Backpack+0.189%7-day average −0.005% · 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−$14as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Backpack Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)+0.701%+$70 · spread now +0.189%, 7d avg −0.005%

Together, before fees+0.722%+ Points / potential airdropNado: Active · farm board+$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.193% dearer against Backpack than usual: you sell high and buy low (spread +0.189% now, against its 7-day average of −0.005%): +$19 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack AVAX_USDC_PERP	11.120	0.0100	pay 0.0013% / 1h	4m 33s	$356K	$502K	15x
Short	Nado AVAX-PERP	11.141	−0.0039	pay 0.0005% / 1h	4m 33s	$287K	$472K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Backpack. 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 BackpackbpFee NadobpOrdersPrice spread, now +0.189%Rate

Funding earned: −$29.17
Price spread: +0.189% → −0.005%: $19.34
Slippage, 4 orders: −$16.68
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$43.51
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Backpack: live order book, 64 min ago; Nado: live order book, 64 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 Backpack live order book, 64 min ago	0.45 bp	8.9 bp −$9	36.7 bp −$367	doesn't fit	doesn't fit
Sell Nado live order book, 64 min ago	0.89 bp	7.5 bp −$7	15.1 bp −$151	doesn't fit	doesn't fit

AVAX on 35 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	11.060	−0.540%	$17K	$151K	12x	as long as short
Nado AVAX-PERPshort	−0.0039%	1h	11.141	+0.189%	$287K	$472K	10x
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.117	−0.027%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	+0.086%	$102K	$91K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.149	+0.265%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	+0.175%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.146	+0.234%	$16K	$578K	50x	as long as short
Gate AVAX_USDT	+0.0097%	8h	11.136	+0.144%	$12.2M	$36.7M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	+0.125%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.132	+0.105%	$2.3M	$1.3M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.141	+0.192%	$296K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.146	+0.233%	$118.8M	$446.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.145	+0.225%	$88.6M	$140.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.147	+0.243%	$20.1M	$121.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.146	+0.234%	$48.7M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.150	+0.270%	$15.6M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.144	+0.216%	$33.5M	$49.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.150	+0.270%	—	$82.8M	—	as long as short
Backpack AVAX_USDC_PERPlong	+0.0100%	1h	11.120	long leg	$356K	$502K	15x
Variational Omni AVAX	+0.0100%	8h	11.108	−0.112%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.086	−0.308%	$354K	$790K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.106	−0.126%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.148	+0.252%	$131K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.125	+0.045%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.296%	$12K	$709K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.119	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.118	−0.013%	$361K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.116	−0.036%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.141	+0.188%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.114	−0.054%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.144	+0.213%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.122	+0.016%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.125	+0.045%	$902K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0385%	1h	11.159	+0.354%	$43.3M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.149	+0.260%	$236K	—	120x	as long as short