AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.027%

Price spread now: Polymarket Perps against Coinbase International−0.373%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)+0.501%+$50 · spread now −0.373%, 7d avg −0.033%

Together, before fees+0.309%+$31 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 Polymarket Perps is 0.340% cheaper against Coinbase International than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International AVAX-PERP-INTX	10.734	0.0200	pay 0.0025% / 1h	48m 16s	$934K	$5.1M	50x
Short	Polymarket Perps AVAX-USD	10.694	0.0100	get 0.0013% / 1h	48m 16s	$136K	$354K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.373%Rate

Funding earned: −$21
Price spread: −0.373% → −0.033%: −$33.99
Slippage, 4 orders: −$21.42
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$94.42
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; Polymarket Perps: live order book, 59 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 Coinbase International live order book, 6 min ago	5.59 bp	12.3 bp −$12	17.3 bp −$173	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 59 min ago	2.84 bp	8.2 bp −$8	9.9 bp −$99	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	−0.0192%	1h	10.691	−0.396%	$286K	$338K	10x	as long as short
Variational Omni AVAX	−0.0038%	8h	10.723	−0.105%	$2.8M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0030%	1h	10.697	−0.345%	$4.8M	$7.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.707	−0.256%	$89K	$117K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.697	−0.341%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.242%	$17K	$152K	12x	as long as short
Gate AVAX_USDT	+0.0036%	8h	10.694	−0.373%	$12.7M	$32.0M	75x	as long as short
SoDEX AVAX-USD	+0.0075%	1h	10.695	−0.363%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0093%	8h	10.705	−0.273%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0094%	8h	10.693	−0.382%	$81.6M	$147.3M	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	10.695	−0.361%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.692	−0.391%	$23K	$428K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.702	−0.298%	$37.4M	$43.9M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.697	−0.345%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.705	−0.270%	$269K	$132K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.694	−0.373%	$113.7M	$427.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.691	−0.401%	$18.7M	$113.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.693	−0.382%	$44.7M	$80.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.694	−0.373%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.698	−0.335%	$32.5M	$48.7M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.693	−0.382%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.718	−0.149%	$428K	$561K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.716	−0.171%	$340K	$1.0M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.722	−0.112%	$173K	$663K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	10.694	−0.373%	$136K	$354K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.702	−0.298%	$230K	$351K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.726	−0.075%	$12K	$763K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.695	−0.359%	$343K	$873K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.697	−0.345%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.692	−0.390%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.693	−0.378%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.701	−0.305%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTXlong	+0.0200%	1h	10.734	long leg	$934K	$5.1M	50x
BloFin AVAX-USDT	+0.0220%	8h	10.710	−0.224%	$4.7M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.689	−0.421%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.697	−0.345%	$226K	—	120x	as long as short