AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0204%/8h= −22.3% APRnext payment −$0.26 per $10,000 · paid last 24h −0.023%

Price spread now: Polymarket Perps against Coinbase International+0.018%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.187%−$19 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now +0.018%, 7d avg −0.030%

Together, before fees−0.095%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.048% dearer against Coinbase International than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.030%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.187% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	11.197	0.0304	pay 0.0038% / 1h	13m 48s	$924K	$6.5M	50x
Short	Polymarket Perps AVAX-USD	11.199	0.0100	get 0.0013% / 1h	13m 48s	$131K	$372K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$42.84
Price spread: +0.018% → −0.030%: $4.8
Slippage, 4 orders: −$19.03
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$75.07
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Polymarket Perps: live order book, 59 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 Coinbase International live order book, 5 min ago	2.69 bp	13.4 bp −$13	21.2 bp −$212	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 59 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	−0.598%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0058%	1h	11.195	−0.013%	$294K	$730K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0018%	1h	11.201	+0.036%	$5.3M	$8.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.200	+0.024%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.204	+0.058%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.201	+0.036%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.196	−0.009%	$15K	$611K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.204	+0.067%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.189	−0.070%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.204	+0.061%	$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 AVAXUSDT	+0.0100%	8h	11.202	+0.045%	$119.6M	$476.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.204	+0.063%	$89.0M	$147.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.204	+0.063%	$20.0M	$130.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.186	−0.098%	$12.1M	$38.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.203	+0.054%	$48.9M	$88.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.196	−0.009%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.205	+0.071%	$34.0M	$53.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.205	+0.071%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.206	+0.080%	$358K	$548K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.178	−0.172%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.170	−0.238%	$352K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.172	−0.223%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.199	+0.018%	$131K	$372K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.210	+0.116%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.226	+0.257%	$12K	$718K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.204	+0.063%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.190	−0.059%	$362K	$937K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.202	+0.045%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.202	+0.045%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.196	−0.011%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.210	+0.112%	$4.3M	$12.5M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.188	−0.080%	$5.0M	$6.2M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.197	−0.002%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0304%	1h	11.197	long leg	$924K	$6.5M	50x
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.203	+0.052%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0682%	1h	11.209	+0.107%	$43.8M	$49.6M	10x	as long as short