AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h +0.012%

Price spread now: Polymarket Perps against Kraken Futures−0.035%48s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as 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−$370.367% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.035%, 7d avg −0.019%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you. The two prices were read 48 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	Kraken Futures PF_AVAXUSD	11.196	0.0215	pay 0.0027% / 1h	6m 24s	$4.3M	$12.5M	50x
Short	Polymarket Perps AVAX-USD	11.192	0.0100	get 0.0013% / 1h	6m 24s	$131K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$24.12
Price spread: −0.035% → −0.019%: −$1.57
Slippage, 4 orders: −$18.73
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$62.42
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Polymarket Perps: live order book, 1 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 Kraken Futures live order book, 3 min ago	2.68 bp	12.9 bp −$13	16.7 bp −$167	58.7 bp −$5,865	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.23 bp	8.0 bp −$8	10.2 bp −$102	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	11.170	−0.231%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0107%	1h	11.190	−0.053%	$5.3M	$8.4M	25x	as long as short
Nado AVAX-PERP	−0.0069%	1h	11.192	−0.030%	$293K	$680K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.201	+0.043%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.192	−0.035%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.200	+0.036%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.190	−0.053%	$15K	$606K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.192	−0.033%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.192	−0.034%	$2.3M	$1.5M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.199	+0.029%	$297K	$107K	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	11.191	−0.044%	$119.6M	$474.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.192	−0.035%	$89.0M	$147.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.190	−0.053%	$20.0M	$130.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.191	−0.044%	$12.2M	$38.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.192	−0.035%	$50.9M	$89.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.196	+0.001%	$15.4M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.191	−0.044%	$34.0M	$53.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.192	−0.035%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.193	−0.026%	$358K	$547K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.214	+0.159%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.209	+0.117%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.211	+0.135%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.192	−0.035%	$131K	$370K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.196	+0.001%	$197K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.221	+0.222%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.192	−0.035%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.191	−0.048%	$364K	$944K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.192	−0.035%	$30.0M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.190	−0.055%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.188	−0.069%	$257K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0215%	1h	11.196	long leg	$4.3M	$12.5M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.196	+0.001%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.187	−0.075%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.202	+0.054%	$911K	$6.4M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.190	−0.051%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0663%	1h	11.207	+0.099%	$43.8M	$48.9M	10x	as long as short