Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h −0.014%

Price spread now: Nado against BingX−0.108%7-day average +0.044% · 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−$57as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.997%+$100 · spread now −0.108%, 7d avg +0.044%

Together, before fees+0.969%+ Points / potential airdropNado: Active · farm board+$97 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.152% cheaper against BingX than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDC	11.114	0.0100	pay 0.0100% / 8h	5h 54m	—	$6.5M	—
Short	Nado AVAX-PERP	11.102	−0.0045	pay 0.0006% / 1h	54m 53s	$286K	$453K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now −0.108%Rate

Funding earned: −$30.42
Price spread: −0.108% → +0.044%: −$15.21
Slippage, 4 orders: −$24.34
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$86.96
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Nado: live order book, 8 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 BingX live order book, 11 min ago	0.90 bp	8.6 bp −$9	21.6 bp −$216	78.0 bp −$7,796	401.7 bp −$200.9K
Sell Nado live order book, 8 min ago	1.79 bp	8.9 bp −$9	16.7 bp −$167	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	−0.1374%	1h	11.060	−0.486%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0110%	1h	11.099	−0.135%	$5.2M	$8.0M	25x	as long as short
Nado AVAX-PERPshort	−0.0045%	1h	11.102	−0.108%	$286K	$453K	10x
dYdX AVAX-USD	0.0000%	1h	11.108	−0.056%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.101	−0.112%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0046%	1h	11.108	−0.055%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.108	−0.058%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.104	−0.090%	$15K	$567K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.107	−0.060%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.115	+0.007%	$2.3M	$1.2M	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	11.112	−0.014%	$290K	$113K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.117	+0.027%	$118.7M	$440.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.119	+0.045%	$88.3M	$139.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.117	+0.027%	$20.0M	$119.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.114	0.000%	$12.1M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.114	0.000%	$48.4M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.115	+0.009%	$15.5M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.111	−0.027%	$33.3M	$49.2M	75x	as long as short
BingX AVAX-USDClong	+0.0100%	8h	11.114	long leg	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.111	−0.027%	$355K	$499K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.151	+0.330%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.099	−0.135%	$351K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.104	−0.090%	$178K	$680K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.106	−0.072%	$130K	$349K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.104	−0.090%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.135	+0.188%	$12K	$702K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.103	−0.099%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.100	−0.130%	$360K	$853K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.104	−0.090%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.111	−0.024%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.095	−0.166%	$255K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.113	−0.009%	$901K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.098	−0.141%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0288%	1h	11.127	+0.117%	$43.3M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.101	−0.115%	$236K	—	120x	as long as short