AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.106%

Price spread now: Deribit against Polymarket Perps0.000%48s7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as 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−$250.248% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.617%−$62 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now 0.000%, 7d avg −0.051%

Together, before fees−0.769%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.051% dearer against Polymarket Perps than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.051%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.617% in total) that is about 14 hours. The two prices were read 48 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	10.714	0.0100	pay 0.0013% / 1h	0m 30s	$135K	$297K	10x
Short	Deribit AVAX_USDC-PERPETUAL	10.714	0	get 0.0000% / 1h	0m 30s	$4.8M	$6.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$21
Price spread: 0.000% → −0.051%: $5.1
Slippage, 4 orders: −$9.79
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$40.69
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 37 min ago; Deribit: live order book, 4 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, 37 min ago	2.34 bp	6.3 bp −$6	8.0 bp −$80	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	1.40 bp	7.2 bp −$7	16.4 bp −$164	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
Nado AVAX-PERP	−0.0216%	1h	10.712	−0.019%	$289K	$326K	10x	as long as short
Kraken Futures PF_AVAXUSD	−0.0184%	1h	10.713	−0.009%	$3.8M	$11.5M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	−0.074%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.714	−0.003%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUALshort	0.0000%	1h	10.714	0.000%	$4.8M	$6.7M	25x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.714	0.000%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0008%	8h	10.706	−0.075%	$13.3M	$30.9M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.429%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0092%	8h	10.711	−0.027%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.711	−0.024%	$1.2M	$2.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.713	−0.009%	$25K	$465K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.716	+0.019%	$36.8M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.713	−0.005%	$2.2M	$888K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.718	+0.039%	$269K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.713	−0.009%	$113.3M	$402.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.711	−0.028%	$81.9M	$138.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.713	−0.009%	$18.8M	$106.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.715	+0.009%	$52.9M	$81.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.711	−0.028%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.713	−0.009%	$32.7M	$46.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.712	−0.019%	—	$53.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.717	+0.028%	$436K	$545K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.706	−0.076%	$336K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.713	−0.009%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	10.714	long leg	$135K	$297K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.718	+0.037%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.732	+0.172%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.709	−0.047%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.709	−0.051%	$326K	$857K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.714	0.000%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.710	−0.033%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.711	−0.023%	$246K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.712	−0.019%	$4.7M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0224%	1h	10.721	+0.065%	$851K	$4.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.711	−0.027%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.713	−0.006%	$226K	—	120x	as long as short