Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.012%

Price spread now: Nado against Binance−0.098%7-day average +0.014% · 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−$43as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.387%+$39 · spread now −0.098%, 7d avg +0.014%

Together, before fees+0.364%+ Points / potential airdropNado: Active · farm board+$36 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.112% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	10.995	0.0100	pay 0.0100% / 8h	4h 15m	$115.8M	$430.4M	75x
Short	Nado AVAX-PERP	10.984	−0.0013	pay 0.0002% / 1h	15m 30s	$286K	$371K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.098%Rate

Funding earned: −$23.72
Price spread: −0.098% → +0.014%: −$11.21
Slippage, 4 orders: −$15.02
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$66.94
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Nado: live order book, 42 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 Binance live order book, 13 min ago	0.45 bp	6.7 bp −$7	11.2 bp −$112	43.9 bp −$4,387	142.0 bp −$71.0K
Sell Nado live order book, 42 min ago	1.35 bp	8.8 bp −$9	18.1 bp −$181	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	−0.1423%	1h	10.950	−0.409%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0115%	1h	10.971	−0.218%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERPshort	−0.0013%	1h	10.984	−0.098%	$286K	$371K	10x
dYdX AVAX-USD	0.0000%	1h	10.987	−0.069%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.973	−0.200%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	10.990	−0.048%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.996	+0.009%	$15K	$550K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	10.992	−0.031%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.986	−0.085%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.993	−0.020%	$287K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDTlong	+0.0100%	8h	10.995	long leg	$115.8M	$430.4M	75x
Bybit AVAXUSDT	+0.0100%	8h	10.988	−0.064%	$85.1M	$139.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.987	−0.073%	$20.1M	$114.6M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	10.991	−0.036%	$12.1M	$34.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.992	−0.027%	$46.2M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.993	−0.018%	$15.4M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.989	−0.055%	$32.9M	$48.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.990	−0.045%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.978	−0.155%	$330K	$525K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.963	−0.295%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.041	+0.416%	$352K	$874K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.040	+0.409%	$178K	$671K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.991	−0.036%	$129K	$345K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.978	−0.155%	$193K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.019	+0.218%	$12K	$711K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.975	−0.182%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.972	−0.214%	$365K	$812K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.981	−0.127%	$29.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.989	−0.059%	$678K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.970	−0.227%	$252K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	10.976	−0.169%	$4.2M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.044	+0.446%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.973	−0.200%	$889K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.984	−0.098%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	10.973	−0.200%	$233K	—	120x	as long as short
Hyperliquid AVAX	+0.0521%	1h	11.004	+0.082%	$42.7M	$42.1M	10x	as long as short