AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0227%/8h= −24.9% APRnext payment −$0.28 per $10,000 · paid last 24h +0.271%

Price spread now: Nado against Injective−0.836%7-day average +0.202% · 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−$216as in the Price arb table

costs, in and out, $10k−$1121.121% of the position

Long on Injective Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.409%+$41 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now −0.836%, 7d avg +0.202%

Together, before fees+0.236%+ Points / potential airdropNado: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Nado is 1.038% cheaper against Injective than usual: you would sell low and buy high (−$104 if the spread goes back to its 7-day average of +0.202%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.409%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	10.760	0.0033	pay 0.0004% / 1h	1m 12s	$17K	$152K	12x
Short	Nado AVAX-PERP	10.670	−0.0194	pay 0.0024% / 1h	1m 12s	$280K	$335K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Injective. 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 InjectivebpFee NadobpOrdersPrice spread, now −0.836%Rate

Funding earned: −$47.66
Price spread: −0.836% → +0.202%: −$103.83
Slippage, 4 orders: −$105.11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$263.62
Costs to cover: 1.121%
Break-even: never at this rate

Slippage from Injective: live order book, 43 min ago; Nado: live order book, 41 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 Injective live order book, 43 min ago	32.76 bp	60.7 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 41 min ago	0.47 bp	8.9 bp −$9	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
Nado AVAX-PERPshort	−0.0194%	1h	10.670	−0.836%	$280K	$335K	10x
Variational Omni AVAX	−0.0062%	8h	10.713	−0.440%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.673	−0.807%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.674	−0.799%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.673	−0.808%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.668	−0.855%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERPlong	+0.0033%	1h	10.760	long leg	$17K	$152K	12x
SoDEX AVAX-USD	+0.0073%	1h	10.672	−0.818%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0084%	8h	10.669	−0.844%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.668	−0.855%	$81.4M	$143.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.672	−0.821%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.667	−0.864%	$25K	$473K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.678	−0.762%	$37.1M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.678	−0.765%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.679	−0.749%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.671	−0.825%	$113.0M	$419.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.668	−0.855%	$18.7M	$110.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.672	−0.818%	$45.4M	$81.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.671	−0.827%	$13.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.672	−0.818%	$32.3M	$48.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.671	−0.827%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.675	−0.790%	$435K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.681	−0.734%	$338K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.702	−0.539%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.672	−0.818%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.679	−0.753%	$230K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.697	−0.586%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.676	−0.777%	$325K	$884K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.674	−0.799%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.669	−0.850%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.667	−0.861%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.672	−0.821%	$3.8M	$12.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.677	−0.771%	$849K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.671	−0.827%	$4.6M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.668	−0.857%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.673	−0.806%	$225K	—	120x	as long as short