Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.026%

Price spread now: Polymarket Perps against Gate0.000%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.919%+$92 · spread now 0.000%, 7d avg +0.052%

Together, before fees+0.985%+$98 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 0.052% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AVAX_USDT	11.156	0.0094	pay 0.0094% / 8h	6h 03m	$12.2M	$36.7M	75x
Short	Polymarket Perps AVAX-USD	11.156	0.0100	get 0.0013% / 1h	3m 07s	$131K	$349K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: $1.26
Price spread: 0.000% → +0.052%: −$5.17
Slippage, 4 orders: −$21.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$48.2
Costs to cover: 0.443%
Break-even: 274.8 days

Slippage from Gate: live order book, 6 min ago; Polymarket Perps: live order book, 64 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 Gate live order book, 6 min ago	1.35 bp	13.0 bp −$13	23.2 bp −$232	40.3 bp −$4,033	67.5 bp −$33.8K
Sell Polymarket Perps live order book, 64 min ago	2.23 bp	8.0 bp −$8	10.2 bp −$102	doesn't fit	doesn't fit

AVAX on 35 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	−0.1423%	1h	11.060	−0.861%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0037%	1h	11.152	−0.036%	$287K	$470K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.142	−0.125%	$103K	$87K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.156	0.000%	$5.2M	$8.0M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.150	−0.051%	$13K	—	150x	as long as short
Gate AVAX_USDTlong	+0.0094%	8h	11.156	long leg	$12.2M	$36.7M	75x
Lighter AVAX	+0.0096%	1h	11.157	+0.007%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.151	−0.045%	$15K	$578K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.141	−0.130%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.160	+0.037%	$2.3M	$1.3M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.146	−0.087%	$296K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.151	−0.042%	$118.9M	$445.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.152	−0.036%	$88.6M	$140.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.153	−0.027%	$20.1M	$121.4M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.154	−0.018%	$48.8M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.157	+0.009%	$15.6M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.152	−0.036%	$33.5M	$49.8M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.155	−0.009%	—	$82.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.155	−0.009%	$357K	$501K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.108	−0.434%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.117	−0.346%	$351K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.106	−0.448%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.156	0.000%	$131K	$349K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.161	+0.045%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.180	+0.215%	$12K	$706K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.157	+0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.141	−0.133%	$362K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.149	−0.063%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.153	−0.025%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.148	−0.071%	$256K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.149	−0.065%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0254%	1h	11.161	+0.044%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.160	+0.036%	$906K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0385%	1h	11.165	+0.081%	$43.4M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.148	−0.073%	$236K	—	120x	as long as short