Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.026%

Price spread now: Gate against Polymarket Perps−0.009%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Polymarket Perps Short on Gate

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)−0.322%−$32 · spread now −0.009%, 7d avg −0.052%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.044% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.009% now, against its 7-day average of −0.052%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.332	0.0100	pay 0.0013% / 1h	3m 01s	$135K	$485K	10x
Short	Gate AVAX_USDT	11.331	0.0076	get 0.0076% / 8h	2h 03m	$12.7M	$40.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.009%Rate

Funding earned: −$5.04
Price spread: −0.009% → −0.052%: $4.36
Slippage, 4 orders: −$21.94
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.62
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 20 min ago; Gate: 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, 20 min ago	2.21 bp	6.2 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.76 bp	15.0 bp −$15	24.3 bp −$243	40.9 bp −$4,088	68.9 bp −$34.4K

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
Deribit AVAX_USDC-PERPETUAL	−0.0191%	1h	11.331	−0.009%	$5.4M	$9.3M	25x	as long as short
Nado AVAX-PERP	−0.0077%	1h	11.326	−0.053%	$299K	$958K	10x	as long as short
Variational Omni AVAX	−0.0076%	8h	11.354	+0.198%	$3.1M	$2.2M	—	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.270	−0.547%	$17K	$152K	12x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.324	−0.070%	$99K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.332	0.000%	$16K	—	150x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.358	+0.229%	$997K	$8.4M	50x	as long as short
Gate AVAX_USDTshort	+0.0076%	8h	11.331	−0.009%	$12.7M	$40.5M	75x
Lighter AVAX	+0.0096%	1h	11.331	−0.005%	$1.3M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.327	−0.044%	$12K	$704K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AVAX-USDT-SWAP	+0.0098%	8h	11.327	−0.044%	$20.4M	$149.3M	50x	as long as short
Paradex AVAX-USD-PERP	+0.0098%	8h	11.327	−0.044%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.331	−0.008%	$2.3M	$1.9M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.330	−0.018%	$301K	$121K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.328	−0.035%	$121.5M	$535.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.330	−0.018%	$91.2M	$156.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.329	−0.026%	$54.8M	$110.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.336	+0.035%	$16.5M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.327	−0.044%	$34.9M	$61.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.331	−0.009%	—	$90.0M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.332	0.000%	$341K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.353	+0.187%	$359K	$895K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.350	+0.159%	$186K	$684K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.332	long leg	$135K	$485K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.340	+0.071%	$204K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.357	+0.222%	$12K	$724K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.331	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.323	−0.078%	$365K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.328	−0.035%	$30.5M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.327	−0.048%	$676K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.326	−0.053%	$260K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.323	−0.079%	$5.0M	$8.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.330	−0.015%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0253%	1h	11.338	+0.057%	$4.6M	$13.5M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0245%	1h	11.331	−0.005%	$244K	—	120x	as long as short
Hyperliquid AVAX	+0.0684%	1h	11.347	+0.132%	$44.0M	$58.6M	10x	as long as short