Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Nado against Bybit−0.052%49s7-day average +0.052% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.401% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.264%+$26 · spread now −0.052%, 7d avg +0.052%

Together, before fees+0.270%+ Points / potential airdropNado: Active · farm board+$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.104% cheaper against Bybit than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.052%. The two prices were read 49 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	Bybit AVAXUSDT	10.601	0.0100	pay 0.0100% / 8h	2h 48m	$78.7M	$143.1M	75x
Short	Nado AVAX-PERP	10.595	0.0100	get 0.0012% / 1h	48m 36s	$289K	$326K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → +0.052%: −$10.38
Slippage, 4 orders: −$22.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$50.51
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.47 bp	8.5 bp −$9	15.6 bp −$156	38.5 bp −$3,846	doesn't fit
Sell Nado live order book, 64 min ago	1.82 bp	8.5 bp −$8	16.6 bp −$166	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	10.760	+1.500%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.604	+0.027%	$4.2M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	−0.0063%	1h	10.619	+0.170%	$171K	$666K	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0033%	1h	10.604	+0.028%	$4.8M	$7.6M	25x	as long as short
Polymarket Perps AVAX-USD	−0.0022%	1h	10.596	−0.047%	$130K	$345K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.595	−0.056%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.602	+0.011%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0015%	8h	10.599	−0.019%	$12.0M	$31.7M	75x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	+0.148%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0053%	1h	10.594	−0.066%	$369K	$532K	15x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.589	−0.115%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.589	−0.108%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.597	−0.038%	$10K	$447K	50x	as long as short
Nado AVAX-PERPshort	+0.0100%	1h	10.595	−0.052%	$289K	$326K	10x
Hyperliquid AVAX	+0.0100%	1h	10.598	−0.028%	$38.2M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.593	−0.078%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.601	−0.005%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.596	−0.044%	$111.1M	$425.1M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	10.601	long leg	$78.7M	$143.1M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.601	0.000%	$18.6M	$110.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.604	+0.028%	$41.0M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.602	+0.009%	$13.5M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.600	−0.009%	$31.4M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.602	+0.009%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.618	+0.161%	$335K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.610	+0.085%	$186K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.630	+0.273%	$12K	$738K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.598	−0.028%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.600	−0.008%	$350K	$787K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.601	0.000%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.598	−0.032%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.601	+0.005%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.603	+0.019%	$856K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.599	−0.019%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.593	−0.080%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.603	+0.017%	$232K	—	120x	as long as short