Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%
Price spread now: Polymarket Perps against Phemex0.000%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$440.445% of the position
Funding, last 7 days−0.007%−$1 on $10k
+Price spread, last 3 days (all we have)+0.115%+$11 · spread now 0.000%, 7d avg +0.003%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex AVAXUSDT | 11.192 | 0.0100 | pay 0.0100% / 8h | 7h 05m | $30.0M | $5.1M | 50x |
| Short | Polymarket Perps AVAX-USD | 11.192 | 0.0100 | get 0.0013% / 1h | 5m 15s | $131K | $370K | 10x |
Phemex AVAXUSDT
Polymarket Perps AVAX-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: 0.000% → +0.003%
- −$0.31
- Slippage, 4 orders
- −$24.48
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$44.79
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; Polymarket Perps: live order book, 2 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 Phemex live order book, 4 min ago | 2.23 bp | 16.5 bp −$17 | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 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 | 11.150 | −0.375% | $17K | $151K | 12x | as long as short |
| Nado AVAX-PERP | −0.0070% | 1h | 11.189 | −0.027% | $293K | $680K | 10x | as long as short |
| Deribit AVAX_USDC-PERPETUAL | −0.0018% | 1h | 11.190 | −0.018% | $5.3M | $8.4M | 25x | as long as short |
| dYdX AVAX-USD | 0.0000% | 1h | 11.194 | +0.021% | $103K | $105K | 10x | as long as short |
| gTrade (Gains Network) AVAX/USD | L +0.0002% / S −0.0003% | 1h | 11.191 | −0.004% | $13K | — | 150x | as long as short |
| Lighter AVAX | +0.0096% | 1h | 11.191 | −0.011% | $1.2M | $3.1M | 10x | as long as short |
| Popdex AVAXUSDT | +0.0096% | 1h | 11.191 | −0.009% | $15K | $605K | 50x | as long as short |
| Paradex AVAX-USD-PERP | +0.0100% | 8h | 11.188 | −0.034% | $13K | $434 | 20x | as long as short |
| Aster AVAXUSDT | +0.0100% | 8h | 11.188 | −0.032% | $2.3M | $1.5M | 75x | as long as short |
| Pacifica AVAX | +0.0100% | 1h | 11.193 | +0.013% | $297K | $107K | 10x | as long as short |
Injective AVAX/USDC PERP
Nado AVAX-PERP
Deribit AVAX_USDC-PERPETUAL
dYdX AVAX-USD
gTrade (Gains Network) AVAX/USD
Lighter AVAX
Popdex AVAXUSDT
Paradex AVAX-USD-PERP
Aster AVAXUSDT
Pacifica AVAXShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance AVAXUSDT | +0.0100% | 8h | 11.190 | −0.018% | $119.6M | $474.4M | 75x | as long as short |
| Bybit AVAXUSDT | +0.0100% | 8h | 11.193 | +0.009% | $89.0M | $146.9M | 75x | as long as short |
| OKX AVAX-USDT-SWAP | +0.0100% | 8h | 11.193 | +0.009% | $20.0M | $130.1M | 50x | as long as short |
| Gate AVAX_USDT | +0.0100% | 8h | 11.189 | −0.027% | $12.2M | $38.6M | 75x | as long as short |
| MEXC AVAX_USDT | +0.0100% | 8h | 11.190 | −0.018% | $50.8M | $89.2M | 200x | as long as short |
| KuCoin AVAXUSDTM | +0.0100% | 8h | 11.192 | 0.000% | $15.3M | $23.0M | 75x | as long as short |
| Bitget AVAXUSDT | +0.0100% | 8h | 11.191 | −0.009% | $34.0M | $53.1M | 75x | as long as short |
| BingX AVAX-USDC | +0.0100% | 8h | 11.189 | −0.027% | — | $6.5M | — | as long as short |
| Backpack AVAX_USDC_PERP | +0.0100% | 1h | 11.192 | 0.000% | $358K | $547K | 15x | as long as short |
| Variational Omni AVAX | +0.0100% | 8h | 11.188 | −0.032% | $3.0M | $2.2M | — | as long as short |
| GRVT AVAX_USDT_Perp | +0.0100% | 8h | 11.209 | +0.152% | $353K | $847K | 10x | as long as short |
| ApeX Omni AVAXUSDT | +0.0100% | 1h | 11.211 | +0.170% | $180K | $687K | 50x | as long as short |
| Polymarket Perps AVAX-USDshort | +0.0100% | 1h | 11.192 | 0.000% | $131K | $370K | 10x | |
| Orderly PERP_AVAX_USDC | +0.0100% | 8h | 11.198 | +0.054% | $197K | $313K | 20x | as long as short |
| SunX AVAX-USDT | +0.0100% | 8h | 11.220 | +0.250% | $12K | $719K | 20x | as long as short |
| SoDEX AVAX-USD | +0.0100% | 1h | 11.193 | +0.009% | $19K | $72K | 10x | as long as short |
| HTX AVAX-USDT | +0.0100% | 8h | 11.192 | −0.002% | $364K | $942K | 75x | as long as short |
| Phemex AVAXUSDTlong | +0.0100% | 8h | 11.192 | long leg | $30.0M | $5.1M | 50x | |
| Extended AVAX-USD | +0.0104% | 1h | 11.190 | −0.021% | $671K | $2.0M | 25x | as long as short |
| Aevo AVAX-PERP | +0.0104% | 1h | 11.188 | −0.037% | $257K | — | 3x | as long as short |
| Kraken Futures PF_AVAXUSD | +0.0215% | 1h | 11.193 | +0.005% | $4.3M | $12.5M | 50x | as long as short |
| BloFin AVAX-USDT | +0.0220% | 8h | 11.196 | +0.036% | $5.0M | $6.1M | 100x | as long as short |
| Reya AVAXRUSDPERP | +0.0244% | 1h | 11.188 | −0.037% | $1K | — | 20x | as long as short |
| Coinbase International AVAX-PERP-INTX | +0.0304% | 1h | 11.199 | +0.063% | $910K | $6.4M | 50x | as long as short |
| GMX AVAX/USD [AVAX-USDC] | L +0.0436% / S −0.0297% | 1h | 11.190 | −0.018% | $237K | — | 120x | as long as short |
| Hyperliquid AVAX | +0.0663% | 1h | 11.209 | +0.152% | $43.8M | $48.9M | 10x | as long as short |
Binance AVAXUSDT
Bybit AVAXUSDT
OKX AVAX-USDT-SWAP
Gate AVAX_USDT
MEXC AVAX_USDT
KuCoin AVAXUSDTM
Bitget AVAXUSDT
BingX AVAX-USDC
Backpack AVAX_USDC_PERP
Variational Omni AVAX
GRVT AVAX_USDT_Perp
ApeX Omni AVAXUSDT
Orderly PERP_AVAX_USDC
SunX AVAX-USDT
SoDEX AVAX-USD
HTX AVAX-USDT
Extended AVAX-USD
Aevo AVAX-PERP
Kraken Futures PF_AVAXUSD
BloFin AVAX-USDT
Reya AVAXRUSDPERP
Coinbase International AVAX-PERP-INTX
GMX AVAX/USD [AVAX-USDC]
Hyperliquid AVAX