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 +0.016%

Price spread now: Polymarket Perps against OKX+0.009%47s7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as 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−$290.292% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now +0.009%, 7d avg +0.068%

Together, before fees+0.228%+$23 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 0.059% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.068%. The two prices were read 47 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	OKX AVAX-USDT-SWAP	10.759	0.0100	pay 0.0100% / 8h	1h 24m	$18.8M	$112.8M	50x
Short	Polymarket Perps AVAX-USD	10.760	0.0100	get 0.0013% / 1h	24m 37s	$136K	$352K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.068%: −$5.87
Slippage, 4 orders: −$11.16
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$35.04
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Polymarket Perps: live order book, 18 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 OKX live order book, 4 min ago	0.47 bp	7.9 bp −$8	14.6 bp −$146	54.3 bp −$5,433	doesn't fit
Sell Polymarket Perps live order book, 18 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	−0.0193%	1h	10.754	−0.046%	$285K	$340K	10x	as long as short
Variational Omni AVAX	−0.0050%	8h	10.738	−0.199%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.742	−0.157%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.753	−0.056%	$4.9M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.745	−0.125%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0031%	8h	10.760	+0.009%	$12.8M	$32.3M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.009%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.760	+0.009%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.757	−0.019%	$81.8M	$146.5M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.763	+0.033%	$1.2M	$2.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.761	+0.019%	$27K	$433K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.764	+0.046%	$37.5M	$43.7M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.760	+0.007%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.761	+0.019%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.759	0.000%	$114.5M	$424.5M	75x	as long as short
OKX AVAX-USDT-SWAPlong	+0.0100%	8h	10.759	long leg	$18.8M	$112.8M	50x
MEXC AVAX_USDT	+0.0100%	8h	10.760	+0.009%	$45.6M	$80.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.762	+0.028%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.760	+0.009%	$32.5M	$48.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.761	+0.019%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.751	−0.074%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.727	−0.298%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.730	−0.270%	$173K	$661K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	10.760	+0.009%	$136K	$352K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.758	−0.009%	$231K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.788	+0.269%	$11K	$765K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.750	−0.084%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.743	−0.147%	$338K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.750	−0.084%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.757	−0.019%	$611K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.746	−0.122%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0112%	1h	10.755	−0.034%	$4.3M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.732	−0.251%	$855K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.750	−0.084%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.739	−0.187%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.733	−0.246%	$226K	—	120x	as long as short