Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.014%

Price spread now: Polymarket Perps against BloFin−0.133%45s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.329% of the position

Long on BloFin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 3 days (all we have)+0.276%+$28 · spread now −0.133%, 7d avg +0.013%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Polymarket Perps is 0.147% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.013%). Swap the legs. The two prices were read 45 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	BloFin AVAX-USDT	11.269	0.0220	pay 0.0220% / 8h	50m 32s	$5.0M	$7.8M	100x
Short	Polymarket Perps AVAX-USD	11.254	0.0100	get 0.0013% / 1h	50m 32s	$134K	$439K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BloFin. 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 BloFinbpFee Polymarket PerpsbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$25.2
Price spread: −0.133% → +0.013%: −$14.66
Slippage, 4 orders: −$12.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$72.76
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Polymarket Perps: live order book, 27 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 BloFin live order book, 3 min ago	1.33 bp	7.8 bp −$8	10.8 bp −$108	26.1 bp −$2,606	65.8 bp −$32.9K
Sell Polymarket Perps live order book, 27 min ago	2.22 bp	8.8 bp −$9	10.1 bp −$101	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	−0.1451%	1h	11.200	−0.612%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0096%	1h	11.255	−0.124%	$297K	$885K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.271	+0.018%	$5.4M	$9.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.274	+0.047%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.273	+0.035%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0042%	8h	11.222	−0.417%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.278	+0.082%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.252	−0.151%	$18K	$677K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.275	+0.051%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.276	+0.058%	$2.3M	$1.8M	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	11.279	+0.092%	$300K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.255	−0.123%	$120.3M	$519.5M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.253	−0.142%	$89.5M	$156.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.251	−0.160%	$20.3M	$145.2M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.275	+0.053%	$12.3M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.265	−0.035%	$51.4M	$93.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.279	+0.089%	$15.8M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.254	−0.133%	$34.3M	$59.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.261	−0.071%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.267	−0.018%	$360K	$569K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.253	−0.144%	$359K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.266	−0.027%	$181K	$685K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.254	−0.133%	$134K	$439K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.281	+0.106%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.291	+0.194%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.271	+0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.271	+0.013%	$364K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.269	0.000%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.256	−0.112%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.273	+0.037%	$259K	—	3x	as long as short
BloFin AVAX-USDTlong	+0.0220%	8h	11.269	long leg	$5.0M	$7.8M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.250	−0.172%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0269%	1h	11.275	+0.053%	$4.6M	$13.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.278	+0.080%	$919K	$8.1M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0417% / S −0.0268%	1h	11.272	+0.025%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0812%	1h	11.272	+0.027%	$43.6M	$55.2M	10x	as long as short