Funding you earn now, next payment 23:00 UTC+0.0374%/8h= +40.9% APRnext payment +$0.47 per $10,000 · paid last 24h +0.036%
Price spread now: Coinbase International against Nado+0.022%45s7-day average +0.055% · you sell dearer than you buy
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−$420.423% of the position
Funding, last 3 days (all we have)+0.108%+$11 on $10k
+Price spread, last 3 days (all we have)−0.128%−$13 · spread now +0.022%, 7d avg +0.055%
=Together, before fees−0.020%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.033% cheaper against Nado than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.055%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day). At the pace of the last 3 days (+0.108% in total) that is about 23 hours. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.108% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.47 per $10,000. 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 | 11.261 | −0.0094 | get 0.0012% / 1h | 46m 27s | $297K | $885K | 10x |
| Short | Coinbase International AVAX-PERP-INTX | 11.263 | 0.0280 | get 0.0035% / 1h | 46m 27s | $917K | $8.0M | 50x |
Nado AVAX-PERP
Coinbase International AVAX-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $78.44
- Price spread: +0.022% → +0.055%
- −$3.28
- Slippage, 4 orders
- −$25.3
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $32.87
- Costs to cover
- 0.423%
- Break-even
- 4.1 days
Slippage from Nado: live order book, 32 min ago; Coinbase International: live order book, 3 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, 32 min ago | 1.33 bp | 10.0 bp −$10 | 26.6 bp −$266 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 3.11 bp | 11.2 bp −$11 | 16.8 bp −$168 | 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 | −0.1451% | 1h | 11.200 | −0.537% | $17K | $151K | 12x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0105% | 1h | 11.248 | −0.111% | $5.3M | $8.9M | 25x | as long as short |
| Nado AVAX-PERPlong | −0.0094% | 1h | 11.261 | long leg | $297K | $885K | 10x | |
| dYdX AVAX-USD | 0.0000% | 1h | 11.260 | −0.004% | $104K | $111K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.265 | +0.039% | $13K | — | 150x | as long as short |
| Variational Omni AVAX | +0.0051% | 8h | 11.270 | +0.085% | $3.0M | $2.4M | — | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.265 | +0.043% | $1.2M | $3.3M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.259 | −0.013% | $18K | $676K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 11.258 | −0.019% | $13K | $766 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.257 | −0.032% | $2.3M | $1.8M | 75x | as long as short |
Injective AVAX/USDC PERP
Deribit AVAX_USDC-PERPETUAL
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Variational Omni AVAX
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDTShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica AVAX | +0.0100% | 1h | 11.265 | +0.039% | $299K | $118K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 11.262 | +0.017% | $120.7M | $518.2M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.261 | +0.004% | $89.6M | $155.9M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.260 | −0.004% | $20.3M | $145.1M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 11.259 | −0.013% | $12.3M | $40.1M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.263 | +0.022% | $52.2M | $93.0M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.266 | +0.049% | $15.8M | $24.3M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.260 | −0.004% | $34.3M | $59.2M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 11.264 | +0.031% | — | $86.9M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.260 | −0.004% | $360K | $564K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.249 | −0.105% | $359K | $864K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.276 | +0.138% | $181K | $685K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 11.262 | +0.013% | $134K | $439K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.269 | +0.075% | $205K | $303K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.272 | +0.101% | $12K | $733K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.252 | −0.075% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.207 | −0.472% | $362K | $1.0M | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 11.253 | −0.067% | $30.2M | $5.0M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 11.255 | −0.045% | $672K | $2.1M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.261 | +0.009% | $259K | — | 3x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.243 | −0.155% | $5.0M | $7.7M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.258 | −0.022% | $1K | — | 20x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0270% | 1h | 11.258 | −0.022% | $4.6M | $13.2M | 50x | as long as short |
| Coinbase International AVAX-PERP-INTXshort | +0.0280% | 1h | 11.263 | +0.022% | $917K | $8.0M | 50x | |
| GMX AVAX/USD [AVAX-USDC] | L +0.0419% / S −0.0271% | 1h | 11.265 | +0.036% | $237K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0857% | 1h | 11.280 | +0.173% | $43.7M | $55.3M | 10x | as long as short |
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
BloFin AVAX-USDT
Reya AVAXRUSDPERP
Kraken Futures PF_AVAXUSD
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX