AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.15 per $10,000 · paid last 24h +0.012%

Price spread now: Polymarket Perps against Kraken Futures+0.046%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now +0.046%, 7d avg −0.019%

Together, before fees+0.120%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.065% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.019%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 45 hours. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_AVAXUSD	11.131	0.0216	pay 0.0027% / 1h	2m 05s	$4.3M	$12.4M	50x
Short	Polymarket Perps AVAX-USD	11.136	0.0100	get 0.0013% / 1h	2m 05s	$131K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$24.38
Price spread: +0.046% → −0.019%: $6.54
Slippage, 4 orders: −$25.48
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$61.32
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Polymarket Perps: live order book, 5 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 Kraken Futures live order book, 2 min ago	2.69 bp	14.8 bp −$15	18.6 bp −$186	69.3 bp −$6,930	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	2.23 bp	8.0 bp −$8	10.2 bp −$102	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	11.100	−0.277%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0109%	1h	11.127	−0.035%	$5.2M	$8.4M	25x	as long as short
Nado AVAX-PERP	−0.0071%	1h	11.128	−0.021%	$292K	$630K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.157	+0.236%	$103K	$105K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.136	+0.050%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.132	+0.011%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.136	+0.046%	$15K	$601K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.139	+0.071%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.139	+0.074%	$2.3M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.155	+0.218%	$296K	$107K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.128	−0.026%	$118.9M	$474.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.126	−0.044%	$88.5M	$146.9M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.125	−0.052%	$19.9M	$129.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.129	−0.017%	$12.1M	$38.6M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.129	−0.017%	$49.8M	$89.6M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.128	−0.026%	$15.3M	$23.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.128	−0.026%	$33.8M	$53.0M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.127	−0.035%	—	$83.9M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.127	−0.035%	$356K	$550K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.188	+0.517%	$3.0M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.191	+0.541%	$353K	$847K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.191	+0.540%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.136	+0.046%	$131K	$370K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.140	+0.082%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.166	+0.314%	$12K	$719K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.127	−0.035%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.120	−0.094%	$362K	$943K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.130	−0.008%	$29.8M	$5.1M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.127	−0.031%	$671K	$2.0M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.129	−0.015%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSDlong	+0.0216%	1h	11.131	long leg	$4.3M	$12.4M	50x
BloFin AVAX-USDT	+0.0220%	8h	11.155	+0.217%	$5.0M	$6.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.134	+0.026%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.137	+0.055%	$900K	$6.3M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0297%	1h	11.136	+0.048%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0656%	1h	11.146	+0.136%	$43.6M	$49.0M	10x	as long as short