Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0143%/8h= +15.6% APRpaid last 24h −0.006%

Price spread now: Aster against Polymarket Perps+0.063%56s7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.329% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.358%−$36 · spread now +0.063%, 7d avg −0.048%

Together, before fees−0.353%+ Points / potential airdropAster: Stage 5 · farm board−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.111% dearer against Polymarket Perps than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.048%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	10.654	−0.0043	get 0.0005% / 1h	52m 29s	$131K	$343K	10x
Short	Aster AVAXUSDT	10.661	0.0100	get 0.0100% / 8h	2h 52m	$2.1M	$1.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket Perps. 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now +0.063%Rate

Funding earned: $30
Price spread: +0.063% → −0.048%: $11.05
Slippage, 4 orders: −$16.87
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $8.18
Costs to cover: 0.329%
Break-even: 5.1 days

Slippage from Polymarket Perps: live order book, 60 min ago; Aster: live order book, 1 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 Polymarket Perps live order book, 60 min ago	0.91 bp	4.9 bp −$5	6.7 bp −$67	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	3.28 bp	9.3 bp −$9	19.4 bp −$194	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	−0.1423%	1h	10.760	+0.995%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0280%	1h	10.662	+0.078%	$4.1M	$11.1M	50x	as long as short
Polymarket Perps AVAX-USDlong	−0.0043%	1h	10.654	long leg	$131K	$343K	10x
Deribit AVAX_USDC-PERPETUAL	−0.0031%	1h	10.662	+0.075%	$4.8M	$7.5M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.665	+0.103%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.658	+0.040%	$12K	—	150x	as long as short
Backpack AVAX_USDC_PERP	+0.0011%	1h	10.667	+0.122%	$371K	$531K	15x	as long as short
Gate AVAX_USDT	+0.0017%	8h	10.661	+0.066%	$12.1M	$31.5M	75x	as long as short
Variational Omni AVAX	+0.0052%	8h	10.727	+0.682%	$2.8M	$2.2M	—	as long as short
Nado AVAX-PERP	+0.0093%	1h	10.643	−0.108%	$282K	$322K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.668	+0.132%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.665	+0.099%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.666	+0.113%	$9K	$442K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.669	+0.141%	$39.2M	$42.0M	10x	as long as short
Aster AVAXUSDTshort	+0.0100%	8h	10.661	+0.063%	$2.1M	$1.1M	75x
Pacifica AVAX	+0.0100%	1h	10.670	+0.155%	$269K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.664	+0.098%	$111.8M	$423.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.641	−0.122%	$79.1M	$142.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.642	−0.113%	$19.1M	$109.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.671	+0.160%	$41.2M	$78.5M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.669	+0.141%	$12.9M	$22.2M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.663	+0.084%	$31.7M	$48.5M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.666	+0.113%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.726	+0.672%	$338K	$950K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.727	+0.685%	$173K	$665K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.664	+0.094%	$187K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.689	+0.330%	$11K	$734K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.659	+0.047%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.661	+0.061%	$353K	$789K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.666	+0.113%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.661	+0.062%	$644K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.659	+0.045%	$245K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.661	+0.066%	$869K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.651	−0.028%	$4.8M	$5.4M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.649	−0.049%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.658	+0.041%	$233K	—	120x	as long as short