Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h −0.004%

Price spread now: Nado against OKX+0.202%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.202%, 7d avg +0.051%

Together, before fees−0.008%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Nado is 0.150% dearer against OKX than usual: you sell high and buy low (spread +0.202% now, against its 7-day average of +0.051%): +$15 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 3 days (−0.006% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX AVAX-USDT-SWAP	11.158	0.0100	pay 0.0100% / 8h	7h 52m	$20.1M	$139.4M	50x
Short	Nado AVAX-PERP	11.180	−0.0018	pay 0.0002% / 1h	52m 03s	$293K	$861K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now +0.202%Rate

Funding earned: −$24.74
Price spread: +0.202% → +0.051%: $15.04
Slippage, 4 orders: −$17.76
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$44.45
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Nado: live order book, 21 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 OKX live order book, 2 min ago	0.45 bp	7.4 bp −$7	17.3 bp −$173	74.9 bp −$7,490	doesn't fit
Sell Nado live order book, 21 min ago	1.78 bp	6.9 bp −$7	14.9 bp −$149	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	−0.1363%	1h	11.130	−0.251%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0198%	1h	11.161	+0.027%	$5.3M	$8.8M	25x	as long as short
Nado AVAX-PERPshort	−0.0018%	1h	11.180	+0.202%	$293K	$861K	10x
dYdX AVAX-USD	0.0000%	1h	11.198	+0.358%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.181	+0.205%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0037%	8h	11.167	+0.081%	$12.2M	$37.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.165	+0.058%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.179	+0.188%	$18K	$652K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.196	+0.339%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.166	+0.072%	$2.3M	$1.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.199	+0.364%	$297K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.160	+0.018%	$119.2M	$507.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.161	+0.027%	$88.9M	$152.8M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	11.158	long leg	$20.1M	$139.4M	50x
MEXC AVAX_USDT	+0.0100%	8h	11.165	+0.063%	$49.5M	$87.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.171	+0.117%	$15.6M	$24.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.163	+0.045%	$33.8M	$56.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.159	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.160	+0.018%	$357K	$562K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.210	+0.466%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.219	+0.547%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.217	+0.529%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	11.181	+0.206%	$131K	$440K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.174	+0.143%	$203K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.225	+0.600%	$12K	$736K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.164	+0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.173	+0.137%	$361K	$980K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.166	+0.072%	$30.0M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.161	+0.024%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.164	+0.053%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.166	+0.072%	$4.5M	$12.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.196	+0.341%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.177	+0.169%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.176	+0.161%	$904K	$7.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.180	+0.194%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0649%	1h	11.179	+0.188%	$43.6M	$53.6M	10x	as long as short