Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Pacifica against Polymarket Perps+0.172%48s7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$310.309% of the position

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.645%−$65 · spread now +0.172%, 7d avg −0.041%

Together, before fees−0.593%+ Points / potential airdropPacifica: Active · farm board−$59 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: Pacifica is 0.212% dearer against Polymarket Perps than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.041%. 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	11.127	0.0100	pay 0.0013% / 1h	48m 31s	$117K	$466K	10x
Short	Pacifica AVAX	11.146	0.0100	get 0.0013% / 1h	48m 31s	$296K	$122K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.172%Rate

Funding earned: $0
Price spread: +0.172% → −0.041%: $21.23
Slippage, 4 orders: −$14.93
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$9.7
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 39 min ago; Pacifica: live order book, 39 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, 39 min ago	1.36 bp	5.4 bp −$5	7.9 bp −$79	doesn't fit	doesn't fit
Sell Pacifica live order book, 39 min ago	1.81 bp	10.7 bp −$11	22.5 bp −$225	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
Deribit AVAX_USDC-PERPETUAL	−0.0288%	1h	11.137	+0.090%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0185%	8h	11.129	+0.014%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0086%	1h	11.147	+0.180%	$297K	$958K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.243%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0024%	1h	11.145	+0.158%	$662K	$2.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.143	+0.148%	$98K	$127K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.140	+0.117%	$13K	—	150x	as long as short
Bybit AVAXUSDT	+0.0034%	8h	11.149	+0.198%	$84.9M	$149.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0038%	8h	11.151	+0.216%	$20.0M	$146.7M	50x	as long as short
Gate AVAX_USDT	+0.0048%	8h	11.142	+0.135%	$12.4M	$39.5M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0050%	8h	11.131	+0.036%	$29.8M	$4.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.145	+0.162%	$889K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0063%	8h	11.146	+0.171%	$54.2M	$108.5M	200x	as long as short
Binance AVAXUSDT	+0.0065%	8h	11.147	+0.180%	$119.6M	$539.9M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.145	+0.164%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.141	+0.127%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.148	+0.189%	$13K	$698K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.127	+0.004%	$256K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.142	+0.132%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAXshort	+0.0100%	1h	11.146	+0.172%	$296K	$122K	10x
KuCoin AVAXUSDTM	+0.0100%	8h	11.147	+0.180%	$15.8M	$24.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.144	+0.153%	$34.3M	$61.2M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.145	+0.162%	—	$90.3M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.140	+0.117%	$319K	$550K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.127	+0.001%	$357K	$907K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.130	+0.027%	$179K	$685K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.127	long leg	$117K	$466K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.145	+0.162%	$200K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.163	+0.321%	$12K	$712K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.135	+0.072%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.124	−0.022%	$356K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0184%	8h	11.136	+0.081%	$5.0M	$8.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.125	−0.019%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0258%	1h	11.144	+0.154%	$4.6M	$13.6M	50x	as long as short
Hyperliquid AVAX	+0.0362%	1h	11.158	+0.279%	$42.3M	$58.4M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.135	+0.073%	$240K	—	120x	as long as short