Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Polymarket Perps against MEXC+0.009%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$160.155% of the position

Long on MEXC Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now +0.009%, 7d avg +0.036%

Together, before fees+0.179%+$18 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 0.026% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAX_USDT	10.739	0.0100	pay 0.0100% / 8h	1h 15m	$45.5M	$81.0M	200x
Short	Polymarket Perps AVAX-USD	10.740	0.0100	get 0.0013% / 1h	15m 22s	$135K	$353K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against MEXC. 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 MEXCbpFee Polymarket PerpsbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.036%: −$2.62
Slippage, 4 orders: −$7.51
Fee MEXC: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.13
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Polymarket Perps: live order book, 27 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 MEXC live order book, 4 min ago	0.47 bp	1.0 bp −$1	4.8 bp −$48	43.0 bp −$4,295	91.7 bp −$45.8K
Sell Polymarket Perps live order book, 27 min ago	2.34 bp	6.3 bp −$6	9.1 bp −$91	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	−0.0198%	1h	10.732	−0.061%	$282K	$341K	10x	as long as short
Variational Omni AVAX	−0.0059%	8h	10.732	−0.069%	$2.8M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0029%	1h	10.738	−0.009%	$4.8M	$7.1M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.738	−0.010%	$92K	$119K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.741	+0.021%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0029%	8h	10.736	−0.028%	$12.9M	$32.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.196%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0084%	1h	10.736	−0.028%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.736	−0.028%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0087%	8h	10.735	−0.037%	$81.9M	$146.1M	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	10.735	−0.036%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.738	−0.009%	$20K	$445K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.749	+0.093%	$37.4M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.738	−0.013%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.742	+0.025%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.739	−0.004%	$114.0M	$423.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.735	−0.037%	$18.9M	$112.3M	50x	as long as short
MEXC AVAX_USDTlong	+0.0100%	8h	10.739	long leg	$45.5M	$81.0M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.737	−0.019%	$13.8M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.738	−0.009%	$32.5M	$48.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.736	−0.028%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.736	−0.028%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.747	+0.074%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.739	0.000%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	10.740	+0.009%	$135K	$353K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.745	+0.056%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.763	+0.227%	$11K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.736	−0.033%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.739	0.000%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.731	−0.076%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.739	+0.005%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.736	−0.030%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.747	+0.074%	$857K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.734	−0.047%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	−0.035%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.740	+0.006%	$227K	—	120x	as long as short