Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: ApeX Omni against Polymarket Perps−0.350%63s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as 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−$440.442% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.416%+$42 · spread now −0.350%, 7d avg +0.001%

Together, before fees+0.464%+$46 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: ApeX Omni is 0.352% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of +0.001%. The two prices were read 63 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	Polymarket Perps AVAX-USD	11.139	0.0100	pay 0.0013% / 1h	45m 57s	$131K	$349K	10x
Short	ApeX Omni AVAXUSDT	11.100	0.0100	get 0.0013% / 1h	45m 57s	$178K	$673K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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 Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now −0.350%Rate

Funding earned: $0
Price spread: −0.350% → +0.001%: −$35.16
Slippage, 4 orders: −$26.22
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$79.38
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 11 min ago; ApeX Omni: live order book, 12 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 Polymarket Perps live order book, 11 min ago	2.69 bp	6.7 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 12 min ago	6.29 bp	14.2 bp −$14	87.3 bp −$873	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	−0.1423%	1h	11.030	−0.979%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0014%	1h	11.135	−0.031%	$286K	$394K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.137	−0.013%	$97K	$97K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.143	+0.036%	$5.2M	$7.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.134	−0.043%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.144	+0.048%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.135	−0.036%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.136	−0.024%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.143	+0.038%	$2.3M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.138	−0.007%	$290K	$114K	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	11.146	+0.067%	$118.2M	$427.6M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.145	+0.054%	$88.6M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.147	+0.072%	$20.3M	$116.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.143	+0.036%	$12.2M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.145	+0.054%	$48.1M	$77.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.150	+0.099%	$15.9M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.146	+0.063%	$33.4M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.142	+0.027%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.144	+0.045%	$337K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.137	−0.014%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.100	−0.350%	$354K	$835K	10x	as long as short
ApeX Omni AVAXUSDTshort	+0.0100%	1h	11.100	−0.350%	$178K	$673K	50x
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.139	long leg	$131K	$349K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.147	+0.072%	$196K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.172	+0.294%	$11K	$704K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.145	+0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.136	−0.031%	$366K	$830K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.145	+0.054%	$29.8M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.140	+0.009%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.139	0.000%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0211%	1h	11.148	+0.082%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.116	−0.206%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.151	+0.108%	$892K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.132	−0.061%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.135	−0.035%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0661%	1h	11.158	+0.171%	$43.5M	$42.3M	10x	as long as short