AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1453%/8h= −159.1% APRnext payment −$1.82 per $10,000 · paid last 24h −0.232%

Price spread now: Injective against Nado−0.695%49s7-day average −0.214% · 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—prices read too far apart to compare

costs, in and out, $10k−$1191.192% of the position

Long on Nado Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.374%−$37 on $10k

Price spread, last 4 days (all we have)+1.418%+$142 · spread now −0.695%, 7d avg −0.214%

Together, before fees+1.044%+ Points / potential airdropNado: Active · farm board+$104 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$44 a day on $10k at the current rate, and Injective is 0.481% cheaper against Nado than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of −0.214%). Swap the legs. The two prices were read 49 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 -0.374% in total (about -40.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.82 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	10.936	0.0032	pay 0.0004% / 1h	20m 25s	$284K	$309K	10x
Short	Injective AVAX/USDC PERP	10.860	−0.1421	pay 0.0178% / 1h	20m 25s	$17K	$151K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.695%Rate

Funding earned: −$305.12
Price spread: −0.695% → −0.214%: −$48.14
Slippage, 4 orders: −$112.21
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$472.48
Costs to cover: 1.192%
Break-even: never at this rate

Slippage from Nado: live order book, 32 min ago; Injective: live order book, 33 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	1.82 bp	10.8 bp −$11	20.6 bp −$206	doesn't fit	doesn't fit
Sell Injective live order book, 33 min ago	40.93 bp	40.9 bp −$41	doesn't fit	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 PERPshort	−0.1421%	1h	10.860	−0.695%	$17K	$151K	12x
dYdX AVAX-USD	0.0000%	1h	10.930	−0.059%	$96K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.924	−0.110%	$5.0M	$7.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.942	+0.056%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.927	−0.081%	$4.2M	$11.1M	50x	as long as short
Nado AVAX-PERPlong	+0.0032%	1h	10.936	long leg	$284K	$309K	10x
Gate AVAX_USDT	+0.0089%	8h	10.938	+0.018%	$12.3M	$32.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.927	−0.082%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.940	+0.037%	$7K	$449K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	10.940	+0.041%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	10.936	+0.003%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.936	+0.001%	$275K	$131K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.941	+0.041%	$114.8M	$420.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.934	−0.018%	$82.8M	$138.4M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.938	+0.018%	$19.7M	$111.1M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.941	+0.046%	$45.5M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.942	+0.055%	$15.1M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.937	+0.009%	$32.9M	$47.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.938	+0.018%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.919	−0.155%	$371K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	10.916	−0.187%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.931	−0.046%	$352K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.931	−0.046%	$176K	$665K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.940	+0.037%	$128K	$343K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.930	−0.055%	$192K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.954	+0.162%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.924	−0.110%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.924	−0.114%	$360K	$776K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.922	−0.128%	$29.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.933	−0.027%	$673K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.918	−0.164%	$251K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.923	−0.119%	$4.9M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.923	−0.119%	$890K	$4.8M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.937	+0.007%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0265%	1h	10.955	+0.174%	$42.0M	$40.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0279%	1h	10.943	+0.065%	$238K	—	120x	as long as short