AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.026%

Price spread now: dYdX against Polymarket Perps−0.119%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$311as in the Funding arb table

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$2952.950% of the position

Long on Polymarket Perps Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 4 days (all we have)−0.372%−$37 · spread now −0.119%, 7d avg −0.047%

Together, before fees−0.529%−$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.071% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.143	0.0100	pay 0.0013% / 1h	34m 08s	$130K	$349K	10x
Short	dYdX AVAX-USD	11.130	0	get 0.0000% / 1h	34m 08s	$102K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.119%Rate

Funding earned: −$21
Price spread: −0.119% → −0.047%: −$7.13
Slippage, 4 orders: −$277.04
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$323.17
Costs to cover: 2.950%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 28 min ago; dYdX: live order book, 30 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, 28 min ago	2.24 bp	6.2 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell dYdX live order book, 30 min ago	135.84 bp	140.8 bp −$141	144.7 bp −$1,447	146.5 bp −$14.7K	169.9 bp −$85.0K

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	11.100	−0.386%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0072%	1h	11.133	−0.094%	$286K	$448K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.142	−0.009%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USDshort	0.0000%	1h	11.130	−0.119%	$102K	$87K	10x
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.141	−0.018%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.148	+0.048%	$4.3M	$11.5M	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.145	+0.020%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.141	−0.018%	$15K	$564K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	−0.078%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.145	+0.016%	$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	11.133	−0.093%	$290K	$112K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.151	+0.072%	$119.0M	$433.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.151	+0.072%	$88.6M	$138.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.154	+0.099%	$20.1M	$117.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.153	+0.090%	$12.2M	$34.9M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.146	+0.027%	$47.9M	$79.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.146	+0.027%	$15.6M	$21.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.154	+0.099%	$33.5M	$48.6M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.156	+0.117%	—	$81.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.150	+0.063%	$356K	$498K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.138	−0.042%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.123	−0.182%	$357K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.119	−0.215%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.143	long leg	$130K	$349K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.150	+0.063%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.171	+0.248%	$12K	$700K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.144	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.142	−0.013%	$365K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.147	+0.036%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.140	−0.023%	$671K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.136	−0.063%	$256K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.139	−0.036%	$5.1M	$5.5M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.154	+0.099%	$901K	$5.5M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.138	−0.049%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.141	−0.020%	$236K	—	120x	as long as short
Hyperliquid AVAX	+0.0473%	1h	11.164	+0.188%	$43.4M	$43.0M	10x	as long as short