Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0068%/8h= +7.5% APRpaid last 24h −0.008%

Price spread now: Bitget against Polymarket Perps−0.066%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.145%−$15 · spread now −0.066%, 7d avg −0.067%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	10.587	0.0032	pay 0.0004% / 1h	41m 26s	$132K	$355K	10x
Short	Bitget AVAXUSDT	10.580	0.0100	get 0.0100% / 8h	2h 41m	$31.6M	$49.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.066%Rate

Funding earned: $14.36
Price spread: −0.066% → −0.067%: $0.12
Slippage, 4 orders: −$14.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.83
Costs to cover: 0.343%
Break-even: 16.7 days

Slippage from Polymarket Perps: live order book, 6 min ago; Bitget: live order book, 3 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, 6 min ago	2.84 bp	6.8 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.47 bp	10.1 bp −$10	15.6 bp −$156	38.4 bp −$3,839	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	10.760	+1.634%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.601	+0.132%	$4.2M	$11.3M	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0033%	1h	10.595	+0.076%	$4.7M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.596	+0.089%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.584	−0.026%	$12K	—	150x	as long as short
Nado AVAX-PERP	+0.0015%	1h	10.576	−0.099%	$285K	$326K	10x	as long as short
Gate AVAX_USDT	+0.0016%	8h	10.591	+0.038%	$12.1M	$32.0M	75x	as long as short
Variational Omni AVAX	+0.0026%	8h	10.572	−0.145%	$2.8M	$2.2M	—	as long as short
Polymarket Perps AVAX-USDlong	+0.0032%	1h	10.587	long leg	$132K	$355K	10x
Paradex AVAX-USD-PERP	+0.0096%	8h	10.586	−0.013%	$12K	$212	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAX	+0.0096%	1h	10.594	+0.066%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.587	0.000%	$13K	$443K	50x	as long as short
Backpack AVAX_USDC_PERP	+0.0097%	1h	10.593	+0.057%	$372K	$534K	15x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.590	+0.026%	$38.2M	$43.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.592	+0.048%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.595	+0.076%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.584	−0.026%	$111.1M	$426.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.574	−0.123%	$78.4M	$143.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.584	−0.028%	$18.6M	$110.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.585	−0.019%	$41.3M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.579	−0.076%	$13.3M	$22.7M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	10.580	−0.066%	$31.6M	$49.0M	75x
BingX AVAX-USDT	+0.0100%	8h	10.586	−0.009%	—	$54.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.589	+0.019%	$337K	$960K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.605	+0.170%	$171K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.600	+0.123%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.622	+0.332%	$11K	$745K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.594	+0.066%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.595	+0.071%	$350K	$765K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.600	+0.123%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.579	−0.078%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.594	+0.061%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.608	+0.198%	$846K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.596	+0.085%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.581	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0263%	1h	10.583	−0.040%	$234K	—	120x	as long as short