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: MEXC against Polymarket Perps0.000%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

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

Long on Polymarket Perps Short on MEXC

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)−0.168%−$17 · spread now 0.000%, 7d avg −0.036%

Together, before fees−0.188%−$19 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: MEXC is 0.036% dearer against Polymarket Perps than usual: you sell high and buy low, +$4 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	Polymarket Perps AVAX-USD	10.736	0.0100	pay 0.0013% / 1h	16m 31s	$135K	$353K	10x
Short	MEXC AVAX_USDT	10.736	0.0100	get 0.0100% / 8h	1h 16m	$45.5M	$80.9M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.036%: $3.55
Slippage, 4 orders: −$7.51
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$11.96
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 26 min ago; MEXC: live order book, 3 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, 26 min ago	2.34 bp	6.3 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.47 bp	1.9 bp −$2	4.5 bp −$45	41.2 bp −$4,120	100.2 bp −$50.1K

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	10.736	0.000%	$282K	$341K	10x	as long as short
Variational Omni AVAX	−0.0056%	8h	10.732	−0.041%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.738	+0.018%	$92K	$119K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.740	+0.037%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.741	+0.049%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.734	−0.019%	$12.9M	$32.4M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.224%	$17K	$152K	12x	as long as short
Bybit AVAXUSDT	+0.0086%	8h	10.731	−0.047%	$81.7M	$146.0M	75x	as long as short
SoDEX AVAX-USD	+0.0087%	1h	10.739	+0.028%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0087%	8h	10.735	−0.009%	$12K	$212	20x	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	10.737	+0.007%	$1.2M	$2.5M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.738	+0.019%	$21K	$446K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.745	+0.084%	$37.3M	$43.8M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.738	+0.019%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.742	+0.053%	$270K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.735	−0.009%	$114.0M	$423.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.730	−0.056%	$18.9M	$112.4M	50x	as long as short
MEXC AVAX_USDTshort	+0.0100%	8h	10.736	0.000%	$45.5M	$80.9M	200x
KuCoin AVAXUSDTM	+0.0100%	8h	10.734	−0.019%	$13.8M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.733	−0.028%	$32.5M	$48.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.734	−0.019%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.743	+0.065%	$438K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.747	+0.102%	$342K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.740	+0.037%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	10.736	long leg	$135K	$353K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.744	+0.075%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.769	+0.311%	$12K	$768K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.738	+0.016%	$326K	$907K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.740	+0.037%	$28.7M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.729	−0.066%	$610K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.734	−0.019%	$247K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.737	+0.008%	$3.8M	$12.1M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.747	+0.102%	$857K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.734	−0.019%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.735	−0.006%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.741	+0.051%	$227K	—	120x	as long as short