Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%

Price spread now: Orderly against Polymarket Perps−0.009%7-day average +0.013% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.190%−$19 · spread now −0.009%, 7d avg +0.013%

Together, before fees−0.208%−$21 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: Orderly is 0.022% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.085	0.0100	pay 0.0013% / 1h	49m 41s	$130K	$349K	10x
Short	Orderly PERP_AVAX_USDC	11.084	0.0100	get 0.0100% / 8h	4h 49m	$195K	$310K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.009%Rate

Funding earned: $0
Price spread: −0.009% → +0.013%: −$2.18
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$16.18
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 8 min ago; Orderly: no order-book sample. Net counts fees only.

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, 8 min ago	2.69 bp	6.7 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1423%	1h	11.090	+0.045%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0201%	1h	11.075	−0.090%	$5.2M	$7.9M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.091	+0.055%	$97K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.082	−0.026%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0009%	1h	11.080	−0.045%	$285K	$394K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0058%	1h	11.137	+0.469%	$179K	$673K	50x	as long as short
Lighter AVAX	+0.0096%	1h	11.094	+0.081%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.076	−0.081%	$16K	$582K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.095	+0.092%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.076	−0.080%	$2.3M	$1.1M	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	11.099	+0.129%	$289K	$114K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.096	+0.099%	$118.0M	$427.3M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.089	+0.036%	$88.2M	$137.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.091	+0.054%	$20.3M	$115.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.070	−0.135%	$12.1M	$34.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.092	+0.063%	$48.1M	$77.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.094	+0.081%	$15.8M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.095	+0.090%	$33.3M	$48.1M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.078	−0.063%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.075	−0.090%	$335K	$524K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.091	+0.050%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.137	+0.469%	$355K	$835K	10x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.085	long leg	$130K	$349K	10x
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.084	−0.009%	$195K	$310K	20x
SunX AVAX-USDT	+0.0100%	8h	11.113	+0.254%	$12K	$703K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.077	−0.072%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.075	−0.086%	$364K	$829K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.080	−0.045%	$29.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.069	−0.148%	$680K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.079	−0.055%	$254K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0212%	1h	11.081	−0.037%	$4.3M	$11.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.093	+0.072%	$5.1M	$5.4M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.089	+0.036%	$888K	$5.3M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.081	−0.038%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.083	−0.021%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0688%	1h	11.104	+0.171%	$43.3M	$42.3M	10x	as long as short