Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Polymarket Perps against Phemex+0.108%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)+0.035%+$4 · spread now +0.108%, 7d avg +0.003%

Together, before fees+0.029%+$3 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 0.105% dearer against Phemex than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex AVAXUSDT	11.125	0.0100	pay 0.0100% / 8h	7h 50m	$29.9M	$4.9M	50x
Short	Polymarket Perps AVAX-USD	11.137	0.0100	get 0.0013% / 1h	50m 06s	$131K	$440K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phemex. 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 PhemexbpFee Polymarket PerpsbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.003%: $10.52
Slippage, 4 orders: −$30.32
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$39.8
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Polymarket Perps: live order book, 22 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 Phemex live order book, 4 min ago	5.36 bp	18.0 bp −$18	24.4 bp −$244	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 22 min ago	2.67 bp	8.4 bp −$8	9.8 bp −$98	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	−0.1363%	1h	11.110	−0.135%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0199%	1h	11.122	−0.027%	$5.3M	$8.8M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.140	+0.136%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.133	+0.072%	$13K	—	150x	as long as short
Nado AVAX-PERP	+0.0005%	1h	11.135	+0.090%	$292K	$859K	10x	as long as short
Gate AVAX_USDT	+0.0088%	8h	11.121	−0.036%	$12.2M	$37.9M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.123	−0.016%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.134	+0.081%	$18K	$647K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	+0.077%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.132	+0.064%	$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	11.141	+0.144%	$296K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.121	−0.036%	$118.8M	$502.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.120	−0.045%	$88.5M	$152.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.118	−0.063%	$20.0M	$138.7M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.123	−0.018%	$48.6M	$88.0M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.125	0.000%	$15.5M	$23.7M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.120	−0.045%	$33.7M	$56.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.119	−0.054%	—	$86.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.121	−0.036%	$356K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.152	+0.241%	$3.0M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.192	+0.604%	$361K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.196	+0.638%	$180K	$689K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.137	+0.108%	$131K	$440K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.136	+0.099%	$198K	$307K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.166	+0.366%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.120	−0.045%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.135	+0.091%	$360K	$977K	75x	as long as short
Phemex AVAXUSDTlong	+0.0100%	8h	11.125	long leg	$29.9M	$4.9M	50x
Extended AVAX-USD	+0.0104%	1h	11.122	−0.025%	$666K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.128	+0.031%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0216%	1h	11.124	−0.012%	$4.3M	$13.0M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.148	+0.207%	$5.0M	$6.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.133	+0.075%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.131	+0.054%	$901K	$7.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0260%	1h	11.132	+0.061%	$249K	—	120x	as long as short
Hyperliquid AVAX	+0.0643%	1h	11.140	+0.135%	$43.5M	$53.7M	10x	as long as short