Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Polymarket Perps against Pacifica−0.005%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Pacifica Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.919%+$92 · spread now −0.005%, 7d avg +0.036%

Together, before fees+0.866%+ Points / potential airdropPacifica: Active · farm board+$87 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 0.042% cheaper against Pacifica than usual: you would sell low and buy high, −$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	Pacifica AVAX	11.091	0.0100	pay 0.0013% / 1h	20m 01s	$294K	$107K	10x
Short	Polymarket Perps AVAX-USD	11.090	0.0100	get 0.0013% / 1h	20m 01s	$130K	$363K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Pacifica. 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 PacificabpFee Polymarket PerpsbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → +0.036%: −$4.19
Slippage, 4 orders: −$19.81
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$39.99
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Pacifica: live order book, 48 min ago; Polymarket Perps: live order book, 47 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 Pacifica live order book, 48 min ago	4.91 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 47 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	11.080	−0.096%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0111%	1h	11.084	−0.060%	$5.2M	$8.2M	25x	as long as short
Nado AVAX-PERP	−0.0043%	1h	11.085	−0.050%	$285K	$500K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.092	+0.013%	$102K	$96K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.090	−0.005%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0047%	8h	11.086	−0.041%	$12.1M	$36.6M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.087	−0.032%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.087	−0.032%	$15K	$581K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.088	−0.022%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.092	+0.017%	$2.3M	$1.4M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAXlong	+0.0100%	1h	11.091	long leg	$294K	$107K	10x
Binance AVAXUSDT	+0.0100%	8h	11.100	+0.085%	$118.4M	$455.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.100	+0.085%	$88.4M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.099	+0.076%	$19.9M	$122.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.100	+0.085%	$48.7M	$82.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.104	+0.121%	$15.5M	$22.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.096	+0.049%	$33.3M	$50.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.096	+0.049%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.095	+0.040%	$355K	$532K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.095	+0.044%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.112	+0.193%	$355K	$810K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.116	+0.229%	$179K	$677K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.090	−0.005%	$130K	$363K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.094	+0.031%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.118	+0.243%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.086	−0.041%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.079	−0.109%	$360K	$871K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.090	−0.005%	$29.6M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.096	+0.049%	$671K	$1.7M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.080	−0.096%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.085	−0.049%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.089	−0.016%	$4.3M	$11.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.121	+0.274%	$904K	$5.8M	50x	as long as short
Hyperliquid AVAX	+0.0391%	1h	11.103	+0.112%	$43.1M	$45.6M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.088	−0.021%	$235K	—	120x	as long as short