Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0294%/8h= +32.2% APRpaid last 24h +0.017%

Price spread now: Binance against Nado−0.008%7-day average −0.014% · 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−$33as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.120%−$12 · spread now −0.008%, 7d avg −0.014%

Together, before fees−0.095%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.024% in total (about 2.5% 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	Nado AVAX-PERP	10.670	−0.0194	get 0.0024% / 1h	1m 32s	$280K	$335K	10x
Short	Binance AVAXUSDT	10.669	0.0100	get 0.0100% / 8h	1h 01m	$112.9M	$419.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now −0.008%Rate

Funding earned: $61.66
Price spread: −0.008% → −0.014%: $0.59
Slippage, 4 orders: −$16.17
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: $29.09
Costs to cover: 0.332%
Break-even: 3.7 days

Slippage from Nado: live order book, 41 min ago; Binance: live order book, 12 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 Nado live order book, 41 min ago	0.47 bp	9.8 bp −$10	20.9 bp −$209	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.47 bp	7.5 bp −$8	13.5 bp −$135	49.2 bp −$4,920	145.6 bp −$72.8K

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-PERPlong	−0.0194%	1h	10.670	long leg	$280K	$335K	10x
Variational Omni AVAX	−0.0062%	8h	10.713	+0.399%	$2.9M	$2.2M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.679	+0.084%	$4.8M	$6.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.673	+0.030%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.681	+0.103%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.670	0.000%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.843%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0073%	1h	10.678	+0.075%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0084%	8h	10.669	−0.007%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.665	−0.047%	$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	+0.017%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.667	−0.028%	$25K	$473K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.683	+0.122%	$37.1M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.678	+0.074%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.679	+0.088%	$268K	$129K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	10.669	−0.008%	$112.9M	$419.2M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.667	−0.028%	$18.7M	$110.8M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.672	+0.019%	$45.4M	$81.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.672	+0.019%	$13.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.672	+0.019%	$32.3M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.672	+0.019%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.675	+0.047%	$435K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.681	+0.103%	$338K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.702	+0.300%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.679	+0.084%	$134K	$347K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.685	+0.141%	$230K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.710	+0.375%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.681	+0.108%	$325K	$886K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.681	+0.103%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.667	−0.028%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.677	+0.065%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.678	+0.074%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	+0.553%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.675	+0.047%	$4.6M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.674	+0.036%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.681	+0.106%	$225K	—	120x	as long as short