Funding you earn now, next payment 07:00 UTC+0.0488%/8h= +53.5% APRnext payment +$0.61 per $10,000 · paid last 24h +0.071%
Price spread now: GMX against Nado+0.088%7-day average +0.043% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.209%+$21 on $10k
+Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.088%, 7d avg +0.043%
=Together, before fees+0.081%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.045% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado AVAX-PERP | 10.736 | −0.0194 | get 0.0024% / 1h | 20m 41s | $282K | $341K | 10x |
| Short | GMX AVAX/USD [AVAX-USDC] | 10.745 | L +0.0443% / S −0.0294% | get 0.0037% / 1h | 20m 41s | $227K | — | 120x |
Nado AVAX-PERP
GMX AVAX/USD [AVAX-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- $102.56
- Price spread: +0.088% → +0.043%
- $4.46
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $88.02
- Costs to cover
- 0.190%
- Break-even
- 1.0 days
Slippage unknown: Nado: live order book, 22 min ago; GMX: no order-book sample. Net counts fees only.
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, 22 min ago | 0.47 bp | 9.8 bp −$10 | 20.9 bp −$209 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 10.736 | long leg | $282K | $341K | 10x | |
| Variational Omni AVAX | −0.0056% | 8h | 10.732 | −0.041% | $2.8M | $2.1M | — | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.749 | +0.117% | $92K | $119K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | 0.0000% | 1h | 10.742 | +0.056% | $4.8M | $7.1M | 25x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.745 | +0.088% | $12K | — | 150x | as long as short |
| Injective AVAX/USDC PERP | +0.0033% | 1h | 10.760 | +0.224% | $17K | $152K | 12x | as long as short |
| Gate AVAX_USDT | +0.0034% | 8h | 10.751 | +0.140% | $12.9M | $32.3M | 75x | as long as short |
| Paradex AVAX-USD-PERP | +0.0087% | 8h | 10.753 | +0.159% | $12K | $212 | 20x | as long as short |
| Bybit AVAXUSDT | +0.0090% | 8h | 10.748 | +0.112% | $81.8M | $146.0M | 75x | as long as short |
| SoDEX AVAX-USD | +0.0092% | 1h | 10.742 | +0.056% | $18K | $72K | 10x | as long as short |
Variational Omni AVAX
dYdX AVAX-USD
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Injective AVAX/USDC PERP
Gate AVAX_USDT
Paradex AVAX-USD-PERP
Bybit AVAXUSDT
SoDEX AVAX-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AVAX | +0.0096% | 1h | 10.751 | +0.141% | $1.2M | $2.5M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.756 | +0.186% | $25K | $443K | 50x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.759 | +0.214% | $37.4M | $43.8M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.751 | +0.142% | $2.2M | $1.0M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.757 | +0.191% | $270K | $129K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.753 | +0.154% | $114.4M | $423.5M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.748 | +0.112% | $18.9M | $112.8M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.751 | +0.140% | $45.6M | $80.9M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.750 | +0.130% | $13.6M | $22.8M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.750 | +0.130% | $32.5M | $48.6M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 10.751 | +0.140% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.745 | +0.084% | $438K | $564K | 15x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 10.744 | +0.076% | $342K | $1.1M | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.747 | +0.102% | $173K | $661K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.739 | +0.028% | $135K | $353K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.748 | +0.112% | $231K | $275K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.772 | +0.334% | $12K | $766K | 20x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.749 | +0.117% | $338K | $904K | 75x | as long as short |
| Phemex AVAXUSDT | +0.0100% | 8h | 10.741 | +0.047% | $28.7M | $5.8M | 50x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.747 | +0.102% | $610K | $1.5M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.738 | +0.023% | $247K | — | 3x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0113% | 1h | 10.748 | +0.115% | $4.2M | $11.3M | 50x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0200% | 1h | 10.759 | +0.214% | $855K | $5.1M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.743 | +0.065% | $4.6M | $5.6M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0245% | 1h | 10.740 | +0.035% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC]short | L +0.0443% / S −0.0294% | 1h | 10.745 | +0.088% | $227K | — | 120x |
Lighter AVAX
Popdex AVAXUSDT
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
HTX AVAX-USDT
Phemex AVAXUSDT
Extended AVAX-USD
Aevo AVAX-PERP
Kraken Futures PF_AVAXUSD
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP