Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.083%

Price spread now: Hyperliquid against Polymarket Perps+0.112%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Polymarket Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.279%−$28 · spread now +0.112%, 7d avg +0.027%

Together, before fees−0.219%+ Points / potential airdropHyperliquid: Season 2 · farm board−$22 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: Hyperliquid is 0.085% dearer against Polymarket Perps than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	10.679	0.0100	pay 0.0013% / 1h	3m 57s	$134K	$348K	10x
Short	Hyperliquid AVAX	10.691	0.0100	get 0.0013% / 1h	3m 57s	$37.1M	$43.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.027%: $8.51
Slippage, 4 orders: −$9.19
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$17.69
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 38 min ago; Hyperliquid: live order book, 9 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, 38 min ago	2.34 bp	6.3 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	1.39 bp	6.8 bp −$7	10.8 bp −$108	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	−0.0195%	1h	10.686	+0.066%	$281K	$337K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0125%	1h	10.676	−0.028%	$4.8M	$6.9M	25x	as long as short
Variational Omni AVAX	−0.0062%	8h	10.713	+0.315%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.685	+0.056%	$91K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.679	−0.001%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0014%	8h	10.685	+0.056%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.758%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0076%	1h	10.674	−0.047%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0085%	8h	10.689	+0.089%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.680	+0.009%	$81.5M	$144.2M	75x	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	10.682	+0.028%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.682	+0.028%	$25K	$474K	50x	as long as short
Hyperliquid AVAXshort	+0.0100%	1h	10.691	+0.112%	$37.1M	$43.6M	10x
Aster AVAXUSDT	+0.0100%	8h	10.687	+0.080%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.699	+0.187%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.681	+0.019%	$113.1M	$420.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.680	+0.009%	$18.8M	$111.2M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.685	+0.056%	$45.2M	$81.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.683	+0.037%	$13.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.682	+0.028%	$32.3M	$48.3M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.681	+0.019%	—	$54.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.687	+0.075%	$436K	$560K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.728	+0.460%	$339K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.728	+0.459%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	10.679	long leg	$134K	$348K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.683	+0.037%	$230K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.723	+0.413%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.684	+0.042%	$325K	$892K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.686	+0.066%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.678	−0.010%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.674	−0.043%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.676	−0.023%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.729	+0.468%	$853K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.695	+0.150%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.673	−0.053%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.679	+0.001%	$225K	—	120x	as long as short