Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%

Price spread now: Polymarket Perps against Gate+0.018%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)+0.201%+$20 · spread now +0.018%, 7d avg +0.052%

Together, before fees+0.267%+$27 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: Polymarket Perps is 0.034% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.224	0.0100	pay 0.0100% / 8h	22m 40s	$12.5M	$40.3M	75x
Short	Polymarket Perps AVAX-USD	11.226	0.0100	get 0.0013% / 1h	22m 40s	$132K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.052%: −$3.44
Slippage, 4 orders: −$23.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$49.82
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Polymarket Perps: live order book, 55 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 Gate live order book, 1 min ago	0.89 bp	16.1 bp −$16	22.0 bp −$220	40.2 bp −$4,020	68.6 bp −$34.3K
Sell Polymarket Perps live order book, 55 min ago	2.22 bp	8.8 bp −$9	10.1 bp −$101	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
Injective AVAX/USDC PERP	−0.1451%	1h	11.170	−0.481%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.224	0.000%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0100%	1h	11.217	−0.062%	$296K	$878K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.232	+0.076%	$103K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.224	−0.001%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0084%	8h	11.245	+0.189%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.232	+0.075%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.223	−0.009%	$18K	$671K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.233	+0.081%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.223	−0.008%	$2.3M	$1.7M	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	11.235	+0.095%	$298K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.233	+0.080%	$120.2M	$512.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.233	+0.080%	$89.5M	$155.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.235	+0.098%	$20.3M	$143.7M	50x	as long as short
Gate AVAX_USDTlong	+0.0100%	8h	11.224	long leg	$12.5M	$40.3M	75x
MEXC AVAX_USDT	+0.0100%	8h	11.235	+0.098%	$50.6M	$93.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.236	+0.107%	$15.8M	$24.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.227	+0.027%	$34.2M	$58.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.224	0.000%	—	$86.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.230	+0.053%	$359K	$563K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.250	+0.231%	$352K	$862K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.225	+0.009%	$180K	$687K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.226	+0.018%	$132K	$440K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.233	+0.080%	$204K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.247	+0.203%	$12K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.227	+0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.226	+0.016%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.226	+0.018%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.225	+0.013%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.224	0.000%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.227	+0.027%	$5.0M	$7.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.221	−0.023%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.231	+0.063%	$4.6M	$13.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.237	+0.116%	$914K	$7.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0427% / S −0.0283%	1h	11.227	+0.029%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0806%	1h	11.247	+0.205%	$43.7M	$54.9M	10x	as long as short