Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Polymarket Perps against MEXC+0.071%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)+0.130%+$13 · spread now +0.071%, 7d avg +0.041%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.031% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	11.222	0.0100	pay 0.0100% / 8h	7h 58m	$50.0M	$87.7M	200x
Short	Polymarket Perps AVAX-USD	11.230	0.0100	get 0.0013% / 1h	58m 01s	$132K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.041%: $3.08
Slippage, 4 orders: −$7.97
Fee MEXC: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.9
Costs to cover: 0.160%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Polymarket Perps: live order book, 14 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 MEXC live order book, 1 min ago	0.44 bp	0.4 bp $0	2.7 bp −$27	30.5 bp −$3,049	99.5 bp −$49.8K
Sell Polymarket Perps live order book, 14 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	11.180	−0.374%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.219	−0.027%	$5.3M	$8.9M	25x	as long as short
Gate AVAX_USDT	−0.0079%	8h	11.224	+0.018%	$12.5M	$37.3M	75x	as long as short
Nado AVAX-PERP	−0.0069%	1h	11.232	+0.085%	$295K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.223	+0.005%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.226	+0.036%	$13K	—	150x	as long as short
Phemex AVAXUSDT	+0.0024%	8h	11.218	−0.036%	$30.2M	$4.9M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.222	−0.002%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.232	+0.089%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.232	+0.090%	$13K	$766	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster AVAXUSDT	+0.0100%	8h	11.227	+0.045%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.226	+0.037%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.219	−0.029%	$120.2M	$510.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.219	−0.027%	$89.4M	$154.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.216	−0.053%	$20.3M	$142.7M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	11.222	long leg	$50.0M	$87.7M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	11.229	+0.062%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.220	−0.018%	$34.2M	$57.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.221	−0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.223	+0.009%	$359K	$564K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.228	+0.053%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.230	+0.069%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.234	+0.107%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.230	+0.071%	$132K	$440K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.229	+0.062%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.256	+0.304%	$12K	$735K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.221	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.230	+0.076%	$363K	$1.0M	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.218	−0.032%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.223	+0.011%	$258K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.228	+0.050%	$4.6M	$12.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.225	+0.027%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.224	+0.022%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.237	+0.134%	$917K	$7.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0435% / S −0.0258%	1h	11.225	+0.030%	$251K	—	120x	as long as short
Hyperliquid AVAX	+0.0661%	1h	11.239	+0.151%	$43.8M	$55.0M	10x	as long as short