Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.023%

Price spread now: Polymarket Perps against Orderly−0.092%7-day average −0.013% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.220%+$22 · spread now −0.092%, 7d avg −0.013%

Together, before fees+0.240%+$24 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 0.079% cheaper against Orderly than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	10.852	0.0100	pay 0.0100% / 8h	3h 07m	$191K	$310K	20x
Short	Polymarket Perps AVAX-USD	10.842	0.0100	get 0.0013% / 1h	7m 48s	$127K	$343K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Orderly. 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 OrderlybpFee Polymarket PerpsbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.013%: −$7.9
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.9
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 44 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 44 min ago	0.91 bp	9.3 bp −$9	10.9 bp −$109	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1421%	1h	10.810	−0.387%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.845	−0.069%	$95K	$96K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.848	−0.037%	$4.9M	$7.4M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.848	−0.033%	$12K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0020%	1h	10.849	−0.025%	$4.2M	$11.0M	50x	as long as short
Nado AVAX-PERP	+0.0033%	1h	10.837	−0.138%	$281K	$308K	10x	as long as short
Gate AVAX_USDT	+0.0056%	8h	10.844	−0.074%	$12.2M	$32.7M	75x	as long as short
Variational Omni AVAX	+0.0093%	8h	10.876	+0.226%	$2.9M	$2.2M	—	as long as short
Lighter AVAX	+0.0096%	1h	10.848	−0.038%	$1.2M	$2.7M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.842	−0.092%	$6K	$437K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0097%	8h	10.842	−0.090%	$12K	$212	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.842	−0.089%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.842	−0.092%	$273K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.848	−0.037%	$113.7M	$416.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.842	−0.092%	$81.9M	$137.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.847	−0.046%	$19.6M	$109.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.848	−0.037%	$44.7M	$79.2M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.846	−0.055%	$14.8M	$21.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.842	−0.092%	$32.3M	$47.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.845	−0.065%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.849	−0.028%	$365K	$548K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.906	+0.498%	$343K	$953K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.908	+0.516%	$175K	$665K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	10.842	−0.092%	$127K	$343K	10x
Orderly PERP_AVAX_USDClong	+0.0100%	8h	10.852	long leg	$191K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	10.872	+0.184%	$11K	$720K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.846	−0.055%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.846	−0.058%	$356K	$768K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.848	−0.037%	$28.9M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.838	−0.128%	$667K	$1.3M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.845	−0.065%	$249K	—	3x	as long as short
Hyperliquid AVAX	+0.0210%	1h	10.860	+0.074%	$41.0M	$39.8M	10x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.822	−0.276%	$4.8M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	10.839	−0.120%	$882K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.838	−0.128%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0445% / S −0.0276%	1h	10.850	−0.022%	$236K	—	120x	as long as short