Funding arb · Price arb /

AVAX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h +0.017%

Price spread now: KuCoin against Nado−0.184%51s7-day average −0.016% · 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−$540.544% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$2 on $10k

Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.184%, 7d avg −0.016%

Together, before fees+0.074%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.168% cheaper against Nado than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of −0.016%). If the spread goes back, that is −$17 on $10k: about 3.4 days of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.025% in total) that is about 22 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.153	−0.0067	get 0.0008% / 1h	58m 39s	$292K	$578K	10x
Short	KuCoin AVAXUSDTM	11.133	0.0100	get 0.0100% / 8h	6h 58m	$15.2M	$23.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.184%Rate

Funding earned: $35.04
Price spread: −0.184% → −0.016%: −$16.82
Slippage, 4 orders: −$35.38
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$36.16
Costs to cover: 0.544%
Break-even: 14.2 days

Slippage from Nado: live order book, 9 min ago; KuCoin: live order book, 5 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, 9 min ago	0.89 bp	9.5 bp −$10	21.3 bp −$213	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.90 bp	18.7 bp −$19	33.5 bp −$335	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	11.090	−0.569%	$17K	$151K	12x	as long as short
Nado AVAX-PERPlong	−0.0067%	1h	11.153	long leg	$292K	$578K	10x
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.157	+0.031%	$5.3M	$8.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.119	−0.313%	$102K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.157	+0.032%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.114	−0.353%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.149	−0.040%	$17K	$600K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.130	−0.215%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.139	−0.131%	$2.3M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.127	−0.237%	$295K	$107K	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	11.151	−0.023%	$118.9M	$473.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.126	−0.247%	$88.5M	$146.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.132	−0.193%	$19.9M	$128.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.122	−0.282%	$12.1M	$36.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.119	−0.309%	$49.6M	$81.7M	200x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.133	−0.184%	$15.2M	$23.0M	75x
Bitget AVAXUSDT	+0.0100%	8h	11.137	−0.148%	$33.8M	$53.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.139	−0.130%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.165	+0.103%	$357K	$550K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.112	−0.376%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.119	−0.308%	$350K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.164	+0.094%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.154	+0.004%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.166	+0.112%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.187	+0.297%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.160	+0.058%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.152	−0.009%	$363K	$942K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.159	+0.049%	$29.9M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.131	−0.200%	$668K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.155	+0.013%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.161	+0.067%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.148	−0.047%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.162	+0.074%	$4.3M	$12.4M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.157	+0.031%	$901K	$6.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.158	+0.044%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0448%	1h	11.150	−0.031%	$43.5M	$49.0M	10x	as long as short