Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Polymarket Perps against Pacifica+0.026%48s7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as 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−$310.309% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 3 days (all we have)+0.447%+$45 · spread now +0.026%, 7d avg +0.041%

Together, before fees+0.395%+ Points / potential airdropPacifica: Active · farm board+$40 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica AVAX	11.131	0.0100	pay 0.0013% / 1h	49m 44s	$296K	$122K	10x
Short	Polymarket Perps AVAX-USD	11.134	0.0100	get 0.0013% / 1h	49m 44s	$117K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Pacifica. 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 PacificabpFee Polymarket PerpsbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.041%: −$1.43
Slippage, 4 orders: −$14.93
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$32.36
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Pacifica: live order book, 38 min ago; Polymarket Perps: live order book, 37 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 Pacifica live order book, 38 min ago	1.81 bp	5.8 bp −$6	15.6 bp −$156	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 37 min ago	1.36 bp	9.1 bp −$9	10.8 bp −$108	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
Deribit AVAX_USDC-PERPETUAL	−0.0379%	1h	11.123	−0.073%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0185%	8h	11.129	−0.023%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0085%	1h	11.128	−0.028%	$296K	$958K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.279%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0024%	1h	11.124	−0.067%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.135	+0.035%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.124	−0.066%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0031%	8h	11.125	−0.055%	$84.7M	$149.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0034%	8h	11.126	−0.046%	$19.9M	$146.5M	50x	as long as short
Gate AVAX_USDT	+0.0045%	8h	11.126	−0.046%	$12.4M	$39.5M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0051%	8h	11.121	−0.091%	$29.8M	$4.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.130	−0.010%	$888K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0063%	8h	11.125	−0.055%	$54.1M	$108.5M	200x	as long as short
Binance AVAXUSDT	+0.0064%	8h	11.127	−0.041%	$119.3M	$540.2M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.126	−0.049%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.127	−0.037%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.132	+0.008%	$12K	$702K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.111	−0.176%	$255K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.134	+0.028%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAXlong	+0.0100%	1h	11.131	long leg	$296K	$122K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	11.129	−0.019%	$15.8M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.124	−0.064%	$34.2M	$61.3M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.126	−0.046%	—	$6.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.127	−0.037%	$318K	$550K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.188	+0.511%	$361K	$905K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.114	−0.153%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.134	+0.026%	$117K	$466K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.130	−0.010%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.155	+0.211%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.124	−0.064%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.130	−0.005%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0184%	8h	11.122	−0.082%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.123	−0.069%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.133	+0.015%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0351%	1h	11.147	+0.143%	$42.2M	$58.3M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.122	−0.080%	$240K	—	120x	as long as short