Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%

Price spread now: Bitget against Polymarket Perps−0.044%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now −0.044%, 7d avg −0.074%

Together, before fees−0.211%−$21 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: Bitget is 0.030% dearer against Polymarket Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.266	0.0100	pay 0.0013% / 1h	18m 01s	$134K	$459K	10x
Short	Bitget AVAXUSDT	11.261	0.0100	get 0.0100% / 8h	1h 18m	$34.2M	$60.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Polymarket Perps. 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 Polymarket PerpsbpFee BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → −0.074%: $3.01
Slippage, 4 orders: −$11.45
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.45
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 65 min ago; Bitget: live order book, 1 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 Polymarket Perps live order book, 65 min ago	2.21 bp	6.2 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.44 bp	7.6 bp −$8	14.2 bp −$142	30.9 bp −$3,088	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	−0.0570%	1h	11.250	−0.142%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0105%	1h	11.261	−0.044%	$5.4M	$9.2M	25x	as long as short
Nado AVAX-PERP	−0.0038%	1h	11.260	−0.053%	$297K	$894K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.267	+0.007%	$104K	$112K	10x	as long as short
Variational Omni AVAX	+0.0001%	8h	11.275	+0.081%	$3.0M	$2.4M	—	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.264	−0.019%	$16K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.262	−0.039%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.262	−0.036%	$18K	$683K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.263	−0.030%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.264	−0.020%	$2.3M	$1.8M	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	11.267	+0.007%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.258	−0.071%	$120.5M	$524.8M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.257	−0.080%	$89.2M	$157.2M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.259	−0.062%	$20.3M	$146.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.259	−0.062%	$12.4M	$40.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.259	−0.062%	$52.1M	$100.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.265	−0.009%	$16.1M	$24.6M	75x	as long as short
Bitget AVAXUSDTshort	+0.0100%	8h	11.261	−0.044%	$34.2M	$60.0M	75x
BingX AVAX-USDC	+0.0100%	8h	11.260	−0.053%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.259	−0.062%	$361K	$568K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.279	+0.115%	$360K	$877K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.290	+0.213%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.266	long leg	$134K	$459K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.272	+0.053%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.293	+0.237%	$12K	$732K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.263	−0.027%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.262	−0.031%	$364K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.258	−0.071%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.261	−0.046%	$672K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.259	−0.058%	$259K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.295	+0.257%	$912K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.270	+0.036%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.263	−0.026%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0408% / S −0.0254%	1h	11.264	−0.021%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0623%	1h	11.274	+0.071%	$43.6M	$56.8M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.269	+0.026%	$4.6M	$13.5M	50x	as long as short