Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Polymarket Perps against Orderly−0.179%7-day average −0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 3 days (all we have)+0.245%+$25 · spread now −0.179%, 7d avg −0.011%

Together, before fees+0.261%+$26 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 0.168% cheaper against Orderly than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_AVAX_USDC	11.175	0.0100	pay 0.0100% / 8h	7h 27m	$196K	$313K	20x
Short	Polymarket Perps AVAX-USD	11.155	0.0100	get 0.0013% / 1h	27m 34s	$131K	$374K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Orderly. 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 OrderlybpFee Polymarket PerpsbpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.011%: −$16.78
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$30.78
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 45 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 45 min ago	2.67 bp	8.4 bp −$8	9.8 bp −$98	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	11.080	−0.850%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0048%	1h	11.159	−0.139%	$293K	$830K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.152	−0.207%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.165	−0.089%	$5.3M	$8.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.165	−0.091%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.152	−0.206%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.162	−0.116%	$17K	$625K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.150	−0.225%	$13K	$476	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.161	−0.125%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.154	−0.186%	$296K	$100K	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	11.152	−0.206%	$118.8M	$483.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.152	−0.206%	$88.8M	$149.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.151	−0.215%	$19.9M	$133.0M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.154	−0.188%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.155	−0.179%	$48.9M	$88.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.156	−0.170%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.157	−0.161%	$33.8M	$54.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.160	−0.134%	—	$84.6M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.167	−0.072%	$357K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.145	−0.270%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	−0.235%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	−0.421%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.155	−0.179%	$131K	$374K	10x
Orderly PERP_AVAX_USDClong	+0.0100%	8h	11.175	long leg	$196K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.187	+0.108%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.166	−0.081%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.169	−0.049%	$362K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.167	−0.072%	$29.9M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.157	−0.160%	$670K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.164	−0.095%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.170	−0.044%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.144	−0.277%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.152	−0.207%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.163	−0.107%	$906K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.161	−0.128%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0687%	1h	11.172	−0.027%	$43.6M	$51.0M	10x	as long as short