Funding you earn now, next payment 09:00 UTC−0.0178%/8h= −19.5% APRnext payment −$0.22 per $10,000 · paid last 24h −0.016%
Price spread now: Nado against SoDEX−0.028%47s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.028% cheaper against SoDEX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 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 | SoDEX AVAX-USD | 10.777 | −0.0056 | get 0.0007% / 1h | 37m 31s | $18K | $68K | 10x |
| Short | Nado AVAX-PERP | 10.774 | −0.0235 | pay 0.0029% / 1h | 37m 31s | $280K | $326K | 10x |
SoDEX AVAX-USD
Nado AVAX-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against SoDEX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$37.46
- Price spread: −0.028% → 0.000%
- −$2.78
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$55.24
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Nado: live order book, 60 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 60 min ago | 0.94 bp | 7.6 bp −$8 | 16.7 bp −$167 | doesn't fit | doesn't fit |
SoDEX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AVAXUSD | −0.0265% | 1h | 10.782 | +0.042% | $3.7M | $11.6M | 50x | as long as short |
| Nado AVAX-PERPshort | −0.0235% | 1h | 10.774 | −0.028% | $280K | $326K | 10x | |
| Phemex AVAXUSDT | −0.0121% | 8h | 10.775 | −0.019% | $28.7M | $5.7M | 50x | as long as short |
| Variational Omni AVAX | −0.0080% | 8h | 10.771 | −0.058% | $3.0M | $2.2M | — | as long as short |
| SoDEX AVAX-USDlong | −0.0056% | 1h | 10.777 | long leg | $18K | $68K | 10x | |
| Gate AVAX_USDT | −0.0018% | 8h | 10.778 | +0.009% | $13.8M | $28.8M | 75x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 10.779 | +0.019% | $92K | $111K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | 0.0000% | 1h | 10.783 | +0.056% | $4.8M | $6.8M | 25x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 10.773 | −0.034% | $12K | — | 150x | as long as short |
| Injective AVAX/USDC PERP | +0.0033% | 1h | 10.760 | −0.158% | $17K | $151K | 12x | as long as short |
Kraken Futures PF_AVAXUSD
Phemex AVAXUSDT
Variational Omni AVAX
Gate AVAX_USDT
dYdX AVAX-USD
Deribit AVAX_USDC-PERPETUAL
gTrade (Gains Network) AVAX/USD
Injective AVAX/USDC PERPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex AVAX-USD-PERP | +0.0089% | 8h | 10.771 | −0.052% | $12K | $212 | 20x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 10.774 | −0.028% | $1.2M | $2.1M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 10.771 | −0.056% | $23K | $468K | 50x | as long as short |
| GRVT AVAX_USDT_Perp | +0.0098% | 8h | 10.781 | +0.037% | $337K | $1.2M | 10x | as long as short |
| Hyperliquid AVAX | +0.0100% | 1h | 10.784 | +0.068% | $35.9M | $40.2M | 10x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 10.777 | 0.000% | $2.4M | $1.4M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 10.782 | +0.048% | $271K | $128K | 10x | as long as short |
| Binance AVAXUSDT | +0.0100% | 8h | 10.769 | −0.074% | $113.5M | $398.2M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 10.770 | −0.065% | $84.2M | $138.2M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 10.770 | −0.065% | $19.0M | $106.8M | 50x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 10.769 | −0.074% | $53.4M | $79.2M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 10.774 | −0.028% | $13.9M | $21.3M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 10.779 | +0.019% | $33.0M | $45.6M | 75x | as long as short |
| BingX AVAX-USDT | +0.0100% | 8h | 10.772 | −0.046% | — | $53.0M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 10.791 | +0.130% | $439K | $535K | 15x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 10.788 | +0.102% | $174K | $659K | 50x | as long as short |
| Polymarket Perps AVAX-USD | +0.0100% | 1h | 10.778 | +0.009% | $135K | $287K | 10x | as long as short |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 10.784 | +0.065% | $233K | $239K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 10.795 | +0.171% | $12K | $774K | 20x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 10.777 | +0.005% | $334K | $872K | 75x | as long as short |
| Extended AVAX-USD | +0.0104% | 1h | 10.769 | −0.073% | $612K | $1.4M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 10.777 | −0.005% | $248K | — | 3x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0200% | 1h | 10.793 | +0.148% | $856K | $5.2M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 10.773 | −0.037% | $4.7M | $5.5M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0245% | 1h | 10.768 | −0.080% | $1K | — | 20x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0443% / S −0.0294% | 1h | 10.783 | +0.058% | $227K | — | 120x | as long as short |
Paradex AVAX-USD-PERP
Lighter AVAX
Popdex AVAXUSDT
GRVT AVAX_USDT_Perp
Hyperliquid AVAX
Aster AVAXUSDT
Pacifica AVAX
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDT
Backpack AVAX_USDC_PERP
ApeX Omni AVAXUSDT
Polymarket Perps AVAX-USD
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
HTX AVAX-USDT
Extended AVAX-USD
Aevo AVAX-PERP
Coinbase International AVAX-PERP-INTX
BloFin AVAX-USDT
Reya AVAXRUSDPERP
GMX AVAX/USD [AVAX-USDC]