Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0282%/8h= −30.9% APRpaid last 24h −0.036%

Price spread now: Nado against HTX−0.058%7-day average +0.024% · 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−$95as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.058%, 7d avg +0.024%

Together, before fees+0.082%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Nado is 0.081% cheaper against HTX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.042% in total (about -4.4% 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	HTX AVAX-USDT	10.722	0.0100	pay 0.0100% / 8h	15m 03s	$327K	$863K	75x
Short	Nado AVAX-PERP	10.716	−0.0182	pay 0.0023% / 1h	15m 03s	$289K	$329K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.058%Rate

Funding earned: −$59.27
Price spread: −0.058% → +0.024%: −$8.14
Slippage, 4 orders: −$67.91
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$154.33
Costs to cover: 0.869%
Break-even: never at this rate

Slippage from HTX: live order book, 29 min ago; Nado: live order book, 23 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 HTX live order book, 29 min ago	25.75 bp	37.0 bp −$37	90.4 bp −$904	doesn't fit	doesn't fit
Sell Nado live order book, 23 min ago	0.94 bp	7.6 bp −$8	16.7 bp −$167	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
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.718	−0.038%	$3.8M	$11.6M	50x	as long as short
Nado AVAX-PERPshort	−0.0182%	1h	10.716	−0.058%	$289K	$329K	10x
Variational Omni AVAX	−0.0074%	8h	10.711	−0.106%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.723	+0.011%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.723	+0.007%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.721	−0.011%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.724	+0.017%	$13.2M	$30.8M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.353%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0091%	8h	10.715	−0.067%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.718	−0.042%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.715	−0.067%	$25K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.734	+0.110%	$36.8M	$41.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.728	+0.056%	$2.2M	$896K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.723	+0.005%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.728	+0.054%	$113.4M	$406.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.728	+0.054%	$81.9M	$139.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.730	+0.073%	$18.8M	$108.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.719	−0.030%	$52.7M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.724	+0.017%	$13.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.731	+0.082%	$32.6M	$46.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.724	+0.017%	—	$53.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.731	+0.082%	$437K	$547K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.702	−0.188%	$344K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.703	−0.179%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.715	−0.067%	$135K	$297K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.727	+0.045%	$232K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.746	+0.224%	$11K	$769K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.718	−0.039%	$18K	$72K	10x	as long as short
HTX AVAX-USDTlong	+0.0100%	8h	10.722	long leg	$327K	$863K	75x
Phemex AVAXUSDT	+0.0100%	8h	10.720	−0.021%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.715	−0.067%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.714	−0.075%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.717	−0.048%	$4.6M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.712	−0.095%	$851K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.713	−0.090%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.719	−0.033%	$226K	—	120x	as long as short