AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.140%

Price spread now: Polymarket Perps against Deribit+0.036%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs+$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.609%+$61 on $10k

Price spread, last 4 days (all we have)+0.260%+$26 · spread now +0.036%, 7d avg +0.053%

Together, before fees+0.869%+$87 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit AVAX_USDC-PERPETUAL	11.098	−0.0020	get 0.0003% / 1h	49m 25s	$5.2M	$7.9M	25x
Short	Polymarket Perps AVAX-USD	11.102	0.0100	get 0.0013% / 1h	49m 25s	$130K	$349K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.036%Rate

Funding earned: $25.25
Price spread: +0.036% → +0.053%: −$1.67
Slippage, 4 orders: −$13.45
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$4.87
Costs to cover: 0.285%
Break-even: 8.4 days

Slippage from Deribit: live order book, 5 min ago; Polymarket Perps: live order book, 8 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 Deribit live order book, 5 min ago	1.80 bp	7.6 bp −$8	143.1 bp −$1,431	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 8 min ago	2.69 bp	8.9 bp −$9	10.7 bp −$107	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	−0.1423%	1h	11.030	−0.613%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUALlong	−0.0020%	1h	11.098	long leg	$5.2M	$7.9M	25x
Nado AVAX-PERP	−0.0005%	1h	11.089	−0.077%	$285K	$394K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.091	−0.063%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.098	0.000%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.094	−0.036%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.081	−0.153%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.095	−0.026%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.095	−0.025%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.099	+0.012%	$289K	$114K	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	11.100	+0.015%	$118.0M	$427.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.096	−0.018%	$88.3M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.098	0.000%	$20.2M	$115.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.096	−0.018%	$12.1M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.100	+0.018%	$48.2M	$77.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.101	+0.027%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.098	0.000%	$33.3M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.098	0.000%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.075	−0.207%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	−0.067%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	+0.351%	$355K	$835K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.108	+0.090%	$179K	$673K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.102	+0.036%	$130K	$349K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.107	+0.081%	$195K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.128	+0.273%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.077	−0.189%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.075	−0.203%	$364K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.080	−0.162%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.095	−0.032%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.099	+0.012%	$255K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.104	+0.056%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	−0.045%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.089	−0.081%	$888K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.093	−0.047%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.098	0.000%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0689%	1h	11.114	+0.144%	$43.3M	$42.3M	10x	as long as short