Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.013%

Price spread now: BloFin against Polymarket Perps−0.037%105s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as 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−$310.310% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now −0.037%, 7d avg −0.019%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 105 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	10.710	0.0100	pay 0.0013% / 1h	29m 33s	$136K	$352K	10x
Short	BloFin AVAX-USDT	10.706	0.0220	get 0.0220% / 8h	1h 29m	$4.6M	$5.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.037%Rate

Funding earned: $25.2
Price spread: −0.037% → −0.019%: −$1.83
Slippage, 4 orders: −$10.96
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$7.6
Costs to cover: 0.310%
Break-even: 9.1 days

Slippage from Polymarket Perps: live order book, 13 min ago; BloFin: live order book, 4 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, 13 min ago	2.34 bp	6.3 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.87 bp	10.1 bp −$10	19.1 bp −$191	37.3 bp −$3,725	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
Nado AVAX-PERP	−0.0182%	1h	10.713	+0.033%	$286K	$339K	10x	as long as short
Variational Omni AVAX	−0.0048%	8h	10.697	−0.125%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.706	−0.041%	$89K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.712	+0.019%	$4.8M	$7.1M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.704	−0.052%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0028%	8h	10.714	+0.037%	$12.8M	$32.2M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.467%	$17K	$152K	12x	as long as short
Paradex AVAX-USD-PERP	+0.0088%	8h	10.716	+0.053%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0088%	8h	10.706	−0.037%	$81.2M	$146.3M	75x	as long as short
Lighter AVAX	+0.0096%	1h	10.712	+0.020%	$1.2M	$2.5M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex AVAXUSDT	+0.0096%	1h	10.712	+0.019%	$21K	$426K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.714	+0.037%	$37.4M	$44.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.713	+0.033%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.719	+0.086%	$269K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.714	+0.042%	$113.8M	$424.1M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.704	−0.056%	$18.8M	$112.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.714	+0.037%	$45.6M	$80.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.714	+0.037%	$13.6M	$22.9M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.705	−0.047%	$32.4M	$48.7M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.714	+0.037%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.713	+0.028%	$436K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.700	−0.090%	$341K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.712	+0.019%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	10.710	long leg	$136K	$352K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.715	+0.047%	$230K	$346K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.739	+0.268%	$11K	$765K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.709	−0.009%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.711	+0.014%	$336K	$872K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.709	−0.009%	$28.6M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.711	+0.013%	$609K	$1.5M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.703	−0.065%	$246K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.716	+0.056%	$4.2M	$11.3M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.712	+0.019%	$854K	$5.1M	50x	as long as short
BloFin AVAX-USDTshort	+0.0220%	8h	10.706	−0.037%	$4.6M	$5.6M	100x
Reya AVAXRUSDPERP	+0.0245%	1h	10.700	−0.090%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0295%	1h	10.705	−0.048%	$226K	—	120x	as long as short