Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Polymarket Perps against Binance−0.009%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$300.295% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.173%+$17 · spread now −0.009%, 7d avg +0.041%

Together, before fees+0.187%+$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.050% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AVAXUSDT	11.191	0.0100	pay 0.0100% / 8h	7h 15m	$119.5M	$476.6M	75x
Short	Polymarket Perps AVAX-USD	11.190	0.0100	get 0.0013% / 1h	15m 06s	$131K	$372K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.041%: −$4.98
Slippage, 4 orders: −$11.5
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$34.48
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Polymarket Perps: live order book, 57 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 Binance live order book, 14 min ago	0.45 bp	7.5 bp −$8	13.8 bp −$138	38.6 bp −$3,861	131.4 bp −$65.7K
Sell Polymarket Perps live order book, 57 min ago	2.67 bp	8.4 bp −$8	9.8 bp −$98	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	−0.545%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0107%	1h	11.187	−0.036%	$5.3M	$8.5M	25x	as long as short
Nado AVAX-PERP	−0.0057%	1h	11.189	−0.013%	$293K	$732K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.187	−0.040%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.190	−0.009%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.190	−0.006%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.187	−0.036%	$15K	$612K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.190	−0.013%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.190	−0.008%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.193	+0.018%	$297K	$100K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDTlong	+0.0100%	8h	11.191	long leg	$119.5M	$476.6M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.192	+0.009%	$89.1M	$147.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.190	−0.009%	$20.0M	$131.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.189	−0.018%	$12.1M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.191	0.000%	$48.8M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.193	+0.018%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.192	+0.009%	$34.0M	$53.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.192	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.193	+0.018%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.118%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.185%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.172	−0.170%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.190	−0.009%	$131K	$372K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.195	+0.036%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.217	+0.231%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.190	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.191	−0.004%	$362K	$937K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.189	−0.018%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.187	−0.035%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.182	−0.077%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.194	+0.027%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.188	−0.027%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.187	−0.033%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.197	+0.054%	$924K	$6.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.189	−0.022%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0685%	1h	11.206	+0.134%	$43.8M	$49.6M	10x	as long as short