Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h −0.004%

Price spread now: Orderly against Nado+0.080%7-day average +0.036% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.080%, 7d avg +0.036%

Together, before fees−0.139%+ Points / potential airdropNado: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Orderly is 0.044% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado AVAX-PERP	11.189	−0.0070	get 0.0009% / 1h	4m 37s	$293K	$680K	10x
Short	Orderly PERP_AVAX_USDC	11.198	0.0100	get 0.0100% / 8h	7h 04m	$197K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.080%Rate

Funding earned: $35.76
Price spread: +0.080% → +0.036%: $4.43
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $27.18
Costs to cover: 0.130%
Break-even: 1.7 days

Slippage unknown: Nado: live order book, 4 min ago; Orderly: 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, 4 min ago	0.89 bp	9.5 bp −$10	21.3 bp −$213	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Injective AVAX/USDC PERP	−0.1363%	1h	11.150	−0.349%	$17K	$151K	12x	as long as short
Nado AVAX-PERPlong	−0.0070%	1h	11.189	long leg	$293K	$680K	10x
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.190	+0.009%	$5.3M	$8.4M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.197	+0.075%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.191	+0.022%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.192	+0.029%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.187	−0.018%	$15K	$605K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.196	+0.066%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.194	+0.045%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.194	+0.048%	$297K	$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	11.187	−0.017%	$119.5M	$474.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.189	0.000%	$89.0M	$146.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.188	−0.009%	$20.0M	$130.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.189	0.000%	$12.2M	$38.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.188	−0.009%	$50.9M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.200	+0.098%	$15.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.188	−0.009%	$34.0M	$53.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.188	−0.009%	—	$84.1M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.190	+0.009%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.188	−0.005%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.209	+0.179%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.211	+0.197%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.192	+0.027%	$131K	$370K	10x	as long as short
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.198	+0.080%	$197K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.220	+0.277%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.193	+0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.192	+0.025%	$364K	$942K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.192	+0.027%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.183	−0.055%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.188	−0.011%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.193	+0.032%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.191	+0.018%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.188	−0.010%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.199	+0.089%	$910K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.190	+0.009%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0665%	1h	11.215	+0.232%	$43.8M	$48.9M	10x	as long as short