AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0134%/8h= +14.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.021%

Price spread now: Lighter against Nado−0.032%7-day average −0.041% · 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−$24as in the Price arb table

costs, in and out, $10k−$250.249% of the position

Long on Nado Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.294%−$29 · spread now −0.032%, 7d avg −0.041%

Together, before fees−0.277%+ Points / potential airdropNado: Active · Lighter: Season 3 · farm board−$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.041%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.179	−0.0038	get 0.0005% / 1h	40m 13s	$288K	$373K	10x
Short	Lighter AVAX	11.175	0.0096	get 0.0012% / 1h	40m 13s	$1.2M	$2.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.032%Rate

Funding earned: $28.09
Price spread: −0.032% → −0.041%: $0.87
Slippage, 4 orders: −$17.86
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $4.1
Costs to cover: 0.249%
Break-even: 6.0 days

Slippage from Nado: live order book, 18 min ago; Lighter: 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, 18 min ago	1.35 bp	10.3 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	2.61 bp	2.9 bp −$3	9.5 bp −$95	79.7 bp −$7,970	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	11.080	−0.886%	$17K	$151K	12x	as long as short
Nado AVAX-PERPlong	−0.0038%	1h	11.179	long leg	$288K	$373K	10x
dYdX AVAX-USD	0.0000%	1h	11.173	−0.050%	$98K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.178	−0.009%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.176	−0.027%	$13K	—	150x	as long as short
Lighter AVAXshort	+0.0096%	1h	11.175	−0.032%	$1.2M	$2.9M	10x
Popdex AVAXUSDT	+0.0096%	1h	11.180	+0.009%	$16K	$579K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.175	−0.036%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.178	−0.008%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.182	+0.023%	$292K	$114K	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	11.181	+0.014%	$118.7M	$427.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.177	−0.018%	$88.8M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.180	+0.009%	$20.4M	$116.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.180	+0.009%	$12.2M	$34.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.180	+0.009%	$48.3M	$77.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.183	+0.036%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.179	0.000%	$33.5M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.176	−0.027%	—	$79.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.171	−0.072%	$337K	$520K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.161	−0.157%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.259%	$356K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.153	−0.233%	$179K	$674K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.186	+0.063%	$131K	$337K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.186	+0.063%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.210	+0.275%	$12K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.176	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.178	−0.004%	$368K	$835K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.173	−0.054%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.175	−0.035%	$684K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.178	−0.009%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.182	+0.024%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.167	−0.107%	$5.0M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.184	+0.045%	$894K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.179	−0.004%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.176	−0.027%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0620%	1h	11.196	+0.152%	$43.4M	$42.5M	10x	as long as short