Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.025%

Price spread now: Nado against Paradex−0.090%50s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Nado: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Nado is 0.090% cheaper against Paradex than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 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	Paradex AVAX-USD-PERP	10.742	0.0087	pay 0.0087% / 8h	1h 14m	$12K	$212	20x
Short	Nado AVAX-PERP	10.732	−0.0198	pay 0.0025% / 1h	14m 36s	$282K	$341K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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 ParadexbpFee NadobpOrdersPrice spread, now −0.090%Rate

Funding earned: −$59.8
Price spread: −0.090% → 0.000%: −$9.02
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$79.82
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 28 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Nado live order book, 28 min ago	0.47 bp	8.9 bp −$9	16.7 bp −$167	doesn't fit	doesn't fit

Paradex: 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
Nado AVAX-PERPshort	−0.0198%	1h	10.732	−0.090%	$282K	$341K	10x
Variational Omni AVAX	−0.0059%	8h	10.732	−0.098%	$2.8M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0029%	1h	10.740	−0.020%	$4.8M	$7.1M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.738	−0.040%	$92K	$119K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.741	−0.013%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0029%	8h	10.742	−0.002%	$12.9M	$32.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.166%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0086%	1h	10.738	−0.039%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERPlong	+0.0087%	8h	10.742	long leg	$12K	$212	20x
Bybit AVAXUSDT	+0.0088%	8h	10.742	−0.002%	$81.9M	$146.0M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.741	−0.010%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.738	−0.039%	$20K	$445K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.750	+0.073%	$37.4M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.743	+0.010%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.750	+0.068%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.744	+0.017%	$114.0M	$422.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.743	+0.008%	$18.9M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.744	+0.017%	$45.5M	$81.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.743	+0.008%	$13.8M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.743	+0.008%	$32.5M	$48.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.744	+0.017%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.741	−0.011%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.747	+0.045%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.739	−0.030%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USD	+0.0100%	1h	10.740	−0.020%	$135K	$353K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.745	+0.026%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.767	+0.226%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.739	−0.034%	$326K	$906K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.741	−0.011%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.742	−0.003%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.739	−0.025%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.738	−0.036%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.747	+0.045%	$857K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.736	−0.058%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	−0.065%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.740	−0.023%	$227K	—	120x	as long as short