Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Binance against Polymarket Perps−0.124%46s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as 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−$270.269% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.782%−$78 · spread now −0.124%, 7d avg −0.041%

Together, before fees−0.796%−$80 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: Binance is 0.083% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.041%. The two prices were read 46 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	11.163	0.0100	pay 0.0013% / 1h	58m 46s	$131K	$349K	10x
Short	Binance AVAXUSDT	11.149	0.0100	get 0.0100% / 8h	5h 58m	$119.0M	$442.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BinancebpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → −0.041%: −$8.34
Slippage, 4 orders: −$8.87
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.21
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Binance: live order book, 15 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, 3 min ago	2.24 bp	6.2 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	0.45 bp	7.6 bp −$8	15.5 bp −$155	47.9 bp −$4,790	135.5 bp −$67.8K

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	−0.1374%	1h	11.130	−0.296%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0019%	1h	11.159	−0.036%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.156	−0.067%	$103K	$87K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.159	−0.032%	$13K	—	150x	as long as short
Kraken Futures PF_AVAXUSD	+0.0045%	1h	11.165	+0.014%	$4.3M	$11.7M	50x	as long as short
Nado AVAX-PERP	+0.0053%	1h	11.160	−0.027%	$287K	$467K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.150	−0.117%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.160	−0.027%	$15K	$567K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.167	+0.038%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.168	+0.041%	$2.3M	$1.2M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.167	+0.036%	$291K	$113K	10x	as long as short
Binance AVAXUSDTshort	+0.0100%	8h	11.149	−0.124%	$119.0M	$442.8M	75x
Bybit AVAXUSDT	+0.0100%	8h	11.151	−0.107%	$88.5M	$139.3M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.149	−0.125%	$20.1M	$120.5M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.162	−0.009%	$12.2M	$34.8M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.167	+0.036%	$48.8M	$78.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.167	+0.036%	$15.6M	$22.0M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.163	0.000%	$33.5M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.168	+0.045%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.162	−0.009%	$357K	$500K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.156	−0.067%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.150	−0.116%	$352K	$801K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.154	−0.081%	$179K	$679K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.163	long leg	$131K	$349K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.165	+0.018%	$196K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.189	+0.233%	$12K	$705K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.161	−0.018%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.146	−0.148%	$362K	$854K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.158	−0.045%	$29.8M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.165	+0.017%	$675K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.159	−0.031%	$256K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.164	+0.009%	$906K	$5.6M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.158	−0.044%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0348%	1h	11.180	+0.152%	$43.4M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.159	−0.036%	$237K	—	120x	as long as short