Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.014%

Price spread now: BloFin against Polymarket Perps+0.097%45s7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as 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−$350.347% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 3 days (all we have)−0.357%−$36 · spread now +0.097%, 7d avg −0.013%

Together, before fees−0.149%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.110% dearer against Polymarket Perps than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.013%. The two prices were read 45 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	11.283	0.0100	pay 0.0013% / 1h	25m 40s	$131K	$480K	10x
Short	BloFin AVAX-USDT	11.294	0.0203	get 0.0203% / 8h	2h 25m	$5.0M	$8.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.097%Rate

Funding earned: $21.72
Price spread: +0.097% → −0.013%: $11.03
Slippage, 4 orders: −$14.69
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$1.94
Costs to cover: 0.347%
Break-even: 7.6 days

Slippage from Polymarket Perps: live order book, 62 min ago; BloFin: 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, 62 min ago	1.36 bp	5.4 bp −$5	7.9 bp −$79	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.89 bp	9.9 bp −$10	13.0 bp −$130	34.3 bp −$3,431	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
Variational Omni AVAX	−0.0142%	8h	11.251	−0.284%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0104%	1h	11.284	+0.009%	$5.3M	$9.4M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.279	−0.031%	$298K	$960K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.260	−0.204%	$17K	$151K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.288	+0.042%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.288	+0.042%	$16K	—	150x	as long as short
Extended AVAX-USD	+0.0024%	1h	11.289	+0.056%	$672K	$2.3M	25x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.293	+0.089%	$915K	$8.2M	50x	as long as short
Gate AVAX_USDT	+0.0064%	8h	11.288	+0.044%	$12.6M	$40.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0064%	8h	11.291	+0.071%	$20.1M	$148.6M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0068%	8h	11.280	−0.027%	$30.2M	$4.8M	50x	as long as short
MEXC AVAX_USDT	+0.0083%	8h	11.287	+0.035%	$55.5M	$109.7M	200x	as long as short
Binance AVAXUSDT	+0.0084%	8h	11.290	+0.062%	$121.0M	$536.9M	75x	as long as short
Bybit AVAXUSDT	+0.0096%	8h	11.295	+0.106%	$89.4M	$154.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.289	+0.049%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.291	+0.071%	$7K	$703K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0097%	8h	11.288	+0.040%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.291	+0.072%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.292	+0.080%	$300K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.291	+0.071%	$16.2M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.291	+0.071%	$34.9M	$61.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.291	+0.071%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.289	+0.053%	$335K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.296	+0.116%	$357K	$910K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.293	+0.089%	$182K	$684K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.283	long leg	$131K	$480K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.293	+0.089%	$203K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.311	+0.245%	$12K	$716K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.282	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.284	+0.013%	$362K	$1.1M	75x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.285	+0.018%	$259K	—	3x	as long as short
BloFin AVAX-USDTshort	+0.0203%	8h	11.294	+0.097%	$5.0M	$8.6M	100x
Reya AVAXRUSDPERP	+0.0244%	1h	11.281	−0.021%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.291	+0.071%	$4.7M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.286	+0.028%	$243K	—	120x	as long as short
Hyperliquid AVAX	+0.0578%	1h	11.307	+0.213%	$43.7M	$58.6M	10x	as long as short