AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter against Polymarket Perps+0.324%45s7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as 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−$210.213% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−1.242%−$124 · spread now +0.324%, 7d avg −0.062%

Together, before fees−1.361%+ Points / potential airdropLighter: Season 3 · farm board−$136 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: Lighter is 0.385% dearer against Polymarket Perps than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.062%. 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	10.724	0.0100	pay 0.0013% / 1h	58m 49s	$135K	$287K	10x
Short	Lighter AVAX	10.759	0.0096	get 0.0012% / 1h	58m 49s	$1.2M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.324%Rate

Funding earned: −$0.84
Price spread: +0.324% → −0.062%: $38.54
Slippage, 4 orders: −$13.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $16.38
Costs to cover: 0.213%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 38 min ago; Lighter: 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, 38 min ago	2.34 bp	6.3 bp −$6	8.0 bp −$80	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.29 bp	3.8 bp −$4	14.9 bp −$149	79.6 bp −$7,958	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
Kraken Futures PF_AVAXUSD	−0.0267%	1h	10.724	+0.002%	$3.8M	$11.6M	50x	as long as short
Variational Omni AVAX	−0.0078%	8h	10.706	−0.167%	$2.9M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.764	+0.372%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.725	+0.009%	$4.8M	$6.7M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.723	−0.009%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0007%	8h	10.729	+0.047%	$13.3M	$28.3M	75x	as long as short
Popdex AVAXUSDT	+0.0024%	1h	10.718	−0.056%	$25K	$465K	50x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.336%	$17K	$151K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.764	+0.377%	$12K	$212	20x	as long as short
Lighter AVAXshort	+0.0096%	1h	10.759	+0.324%	$1.2M	$2.0M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado AVAX-PERP	+0.0100%	1h	10.722	−0.014%	$290K	$326K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.771	+0.438%	$36.9M	$40.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.758	+0.318%	$2.2M	$878K	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.762	+0.352%	$271K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.759	+0.326%	$113.8M	$401.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.760	+0.336%	$82.5M	$138.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.757	+0.308%	$18.9M	$107.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.764	+0.373%	$53.2M	$78.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.735	+0.103%	$13.8M	$21.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.760	+0.336%	$32.9M	$45.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.755	+0.289%	—	$53.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.732	+0.075%	$437K	$546K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.708	−0.146%	$336K	$1.2M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.713	−0.103%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	10.724	long leg	$135K	$287K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.728	+0.037%	$232K	$254K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.755	+0.293%	$12K	$770K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.721	−0.028%	$18K	$68K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.719	−0.051%	$326K	$856K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.725	+0.009%	$28.6M	$5.7M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.729	+0.050%	$605K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.718	−0.056%	$246K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.734	+0.093%	$974K	$4.9M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.723	−0.009%	$4.7M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.719	−0.046%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.723	−0.006%	$226K	—	120x	as long as short