AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0183%/8h= −20.1% APRnext payment −$0.23 per $10,000 · paid last 24h −0.022%

Price spread now: Nado against Polymarket Perps−0.022%7-day average −0.025% · 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−$32as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Polymarket Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now −0.022%, 7d avg −0.025%

Together, before fees−0.024%+ Points / potential airdropNado: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.025%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.032% in total (about -3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.176	0.0100	pay 0.0013% / 1h	30m 58s	$131K	$349K	10x
Short	Nado AVAX-PERP	11.173	−0.0083	pay 0.0010% / 1h	30m 58s	$287K	$448K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Polymarket Perps. 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 Polymarket PerpsbpFee NadobpOrdersPrice spread, now −0.022%Rate

Funding earned: −$38.53
Price spread: −0.022% → −0.025%: $0.26
Slippage, 4 orders: −$16.91
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$70.18
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 31 min ago; Nado: live order book, 32 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 Polymarket Perps live order book, 31 min ago	2.24 bp	6.2 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Nado live order book, 32 min ago	1.79 bp	8.9 bp −$9	16.7 bp −$167	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	−0.1374%	1h	11.120	−0.501%	$17K	$151K	12x	as long as short
Nado AVAX-PERPshort	−0.0083%	1h	11.173	−0.022%	$287K	$448K	10x
dYdX AVAX-USD	0.0000%	1h	11.174	−0.019%	$103K	$87K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.174	−0.018%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.171	−0.047%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.179	+0.030%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.176	+0.002%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.177	+0.009%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.174	−0.016%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.177	+0.009%	$2.3M	$1.2M	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	11.176	−0.002%	$291K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.176	−0.002%	$119.4M	$433.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.175	−0.009%	$88.9M	$138.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.178	+0.018%	$20.1M	$117.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.176	0.000%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.177	+0.009%	$48.0M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.181	+0.045%	$15.7M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.174	−0.018%	$33.5M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.175	−0.009%	—	$81.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.178	+0.018%	$357K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.168	−0.070%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.164	−0.107%	$358K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.136	−0.358%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.176	long leg	$131K	$349K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.178	+0.018%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.203	+0.240%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.177	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.178	+0.013%	$366K	$870K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.176	0.000%	$29.9M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.171	−0.047%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.174	−0.015%	$257K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.169	−0.063%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.184	+0.072%	$902K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.171	−0.049%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.171	−0.049%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0488%	1h	11.193	+0.152%	$43.5M	$43.1M	10x	as long as short