AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.1505%/8h= +164.8% APRnext payment +$1.88 per $10,000 · paid last 24h +0.282%

Price spread now: Polymarket Perps against Injective−2.193%7-day average +0.235% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$352as in the Price arb table

costs, in and out, $10k−$1091.094% of the position

Long on Injective Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.446%+$45 on $10k

Price spread, last 4 days (all we have)+1.317%+$132 · spread now −2.193%, 7d avg +0.235%

Together, before fees+1.764%+$176 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 2.428% cheaper against Injective than usual: you would sell low and buy high (spread −2.193% now, against its 7-day average of +0.235%). If the spread goes back, that is −$243 on $10k: about 5.4 days of funding at the current rate (+$45 a day). At the pace of the last 7 days (+0.446% in total) that is about 38 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.446% in total (about 23.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.88 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective AVAX/USDC PERP	10.760	−0.1423	get 0.0178% / 1h	23m 23s	$17K	$152K	12x
Short	Polymarket Perps AVAX-USD	10.524	0.0082	get 0.0010% / 1h	23m 23s	$131K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Injective. 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 InjectivebpFee Polymarket PerpsbpOrdersPrice spread, now −2.193%Rate

Funding earned: $316.06
Price spread: −2.193% → +0.235%: −$242.82
Slippage, 4 orders: −$101.38
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$36.16
Costs to cover: 1.094%
Break-even: 7.8 days

Slippage from Injective: live order book, 25 min ago; Polymarket Perps: live order book, 24 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 Injective live order book, 25 min ago	42.47 bp	51.9 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 24 min ago	2.84 bp	8.2 bp −$8	9.9 bp −$99	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 PERPlong	−0.1423%	1h	10.760	long leg	$17K	$152K	12x
Kraken Futures PF_AVAXUSD	−0.0283%	1h	10.530	−2.138%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0052%	1h	10.532	−2.114%	$286K	$339K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0035%	1h	10.527	−2.165%	$4.7M	$7.5M	25x	as long as short
Variational Omni AVAX	−0.0017%	8h	10.535	−2.093%	$2.7M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.534	−2.096%	$87K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.528	−2.154%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0022%	8h	10.527	−2.165%	$12.2M	$32.7M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0028%	1h	10.550	−1.952%	$367K	$563K	15x	as long as short
Bybit AVAXUSDT	+0.0072%	8h	10.518	−2.249%	$77.7M	$144.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps AVAX-USDshort	+0.0082%	1h	10.524	−2.193%	$131K	$354K	10x
Lighter AVAX	+0.0096%	1h	10.525	−2.179%	$1.1M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.529	−2.147%	$18K	$437K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0096%	8h	10.533	−2.113%	$12K	$212	20x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.534	−2.100%	$37.7M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.534	−2.105%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.538	−2.064%	$265K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.527	−2.165%	$112.1M	$430.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.524	−2.193%	$18.5M	$111.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.527	−2.165%	$43.4M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.522	−2.212%	$13.1M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.524	−2.193%	$31.9M	$49.5M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.527	−2.165%	—	$54.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.547	−1.980%	$338K	$978K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.559	−1.868%	$170K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.531	−2.128%	$167K	$321K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.559	−1.873%	$11K	$758K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.527	−2.165%	$17K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.532	−2.117%	$342K	$803K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.531	−2.128%	$28.1M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.521	−2.220%	$634K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.525	−2.179%	$242K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.548	−1.970%	$836K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.532	−2.119%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.521	−2.218%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.526	−2.171%	$230K	—	120x	as long as short