Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.012%

Price spread now: Binance against Polymarket Perps−0.287%56s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as 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−$260.259% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now −0.287%, 7d avg −0.040%

Together, before fees−0.196%−$20 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: Binance is 0.246% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.040%. The two prices were read 56 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	11.164	0.0100	pay 0.0013% / 1h	41m 37s	$131K	$349K	10x
Short	Binance AVAXUSDT	11.132	0.0100	get 0.0100% / 8h	5h 41m	$118.9M	$435.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.287%Rate

Funding earned: $0
Price spread: −0.287% → −0.040%: −$24.65
Slippage, 4 orders: −$7.9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$50.55
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 21 min ago; Binance: live order book, 2 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, 21 min ago	2.24 bp	6.2 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.45 bp	5.8 bp −$6	13.8 bp −$138	50.4 bp −$5,043	141.3 bp −$70.6K

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	−0.1374%	1h	11.090	−0.663%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0056%	1h	11.133	−0.278%	$286K	$449K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.155	−0.081%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.133	−0.278%	$102K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.157	−0.063%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.159	−0.041%	$4.3M	$11.6M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.137	−0.245%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.132	−0.287%	$16K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.136	−0.252%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.142	−0.196%	$2.3M	$1.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.140	−0.210%	$290K	$112K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.132	−0.287%	$118.9M	$435.6M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.137	−0.242%	$88.5M	$138.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.134	−0.269%	$20.1M	$117.9M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.140	−0.215%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.138	−0.233%	$48.0M	$79.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.138	−0.233%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.134	−0.269%	$33.4M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.139	−0.224%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.153	−0.099%	$357K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.126	−0.344%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.141	−0.205%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.145	−0.170%	$179K	$678K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.164	long leg	$131K	$349K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.158	−0.054%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.189	+0.228%	$12K	$701K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.156	−0.072%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.155	−0.085%	$365K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.153	−0.099%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.135	−0.263%	$675K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.130	−0.305%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.148	−0.143%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.167	+0.027%	$902K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.160	−0.039%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.156	−0.071%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0451%	1h	11.151	−0.116%	$43.4M	$43.6M	10x	as long as short