AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0127%/8h= −13.9% APRnext payment −$0.16 per $10,000 · paid last 24h −0.021%

Price spread now: Nado against Lighter−0.084%7-day average +0.041% · 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−$37as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.410%+$41 · spread now −0.084%, 7d avg +0.041%

Together, before fees+0.393%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$39 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 0.125% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter AVAX	11.168	0.0096	pay 0.0012% / 1h	39m 21s	$1.2M	$2.9M	10x
Short	Nado AVAX-PERP	11.159	−0.0031	pay 0.0004% / 1h	39m 21s	$287K	$373K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Lighter. 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 LighterbpFee NadobpOrdersPrice spread, now −0.084%Rate

Funding earned: −$26.59
Price spread: −0.084% → +0.041%: −$12.51
Slippage, 4 orders: −$17.86
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$63.96
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Lighter: live order book, 13 min ago; Nado: live order book, 18 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 Lighter live order book, 13 min ago	2.61 bp	2.8 bp −$3	10.7 bp −$107	92.4 bp −$9,243	doesn't fit
Sell Nado live order book, 18 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	11.080	−0.792%	$17K	$151K	12x	as long as short
Nado AVAX-PERPshort	−0.0031%	1h	11.159	−0.084%	$287K	$373K	10x
dYdX AVAX-USD	0.0000%	1h	11.169	+0.004%	$98K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.178	+0.086%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.150	−0.163%	$13K	—	150x	as long as short
Lighter AVAXlong	+0.0096%	1h	11.168	long leg	$1.2M	$2.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.152	−0.147%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.152	−0.147%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.152	−0.146%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.171	+0.022%	$291K	$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 AVAXUSDT	+0.0100%	8h	11.149	−0.174%	$118.3M	$427.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.147	−0.192%	$88.6M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.142	−0.236%	$20.4M	$115.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.152	−0.147%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.151	−0.156%	$48.1M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.155	−0.120%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.152	−0.147%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.151	−0.156%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	+0.077%	$338K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	−0.062%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.157	−0.105%	$352K	$845K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	−0.129%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.154	−0.129%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.147	−0.192%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.210	+0.370%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.176	+0.068%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.178	+0.090%	$368K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.173	+0.041%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.146	−0.204%	$689K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.178	+0.086%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.182	+0.119%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.167	−0.013%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.184	+0.140%	$894K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.149	−0.176%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.150	−0.166%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0610%	1h	11.167	−0.013%	$43.3M	$42.3M	10x	as long as short