Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.026%

Price spread now: Gate against Polymarket Perps+0.099%48s7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as 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−$440.443% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−1.017%−$102 · spread now +0.099%, 7d avg −0.052%

Together, before fees−1.084%−$108 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: Gate is 0.151% dearer against Polymarket Perps than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.052%. The two prices were read 48 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	11.125	0.0100	pay 0.0013% / 1h	4m 41s	$131K	$349K	10x
Short	Gate AVAX_USDT	11.136	0.0097	get 0.0097% / 8h	6h 04m	$12.2M	$36.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.099%Rate

Funding earned: −$0.63
Price spread: +0.099% → −0.052%: $15.05
Slippage, 4 orders: −$21.29
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$29.87
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 63 min ago; Gate: 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, 63 min ago	2.23 bp	6.2 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.35 bp	17.0 bp −$17	27.2 bp −$272	42.5 bp −$4,247	70.4 bp −$35.2K

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	11.060	−0.584%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0039%	1h	11.116	−0.085%	$286K	$475K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0020%	1h	11.117	−0.072%	$5.2M	$8.0M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.130	+0.041%	$102K	$91K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.122	−0.023%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.139	+0.130%	$1.2M	$3.0M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.146	+0.189%	$16K	$578K	50x	as long as short
Gate AVAX_USDTshort	+0.0097%	8h	11.136	+0.099%	$12.2M	$36.7M	75x
Paradex AVAX-USD-PERP	+0.0100%	8h	11.134	+0.080%	$13K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.124	−0.007%	$2.3M	$1.3M	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	11.141	+0.147%	$296K	$107K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.140	+0.135%	$118.7M	$445.9M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.141	+0.144%	$88.5M	$140.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.144	+0.171%	$20.0M	$121.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.139	+0.126%	$48.7M	$82.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.138	+0.117%	$15.5M	$22.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.143	+0.162%	$33.5M	$49.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.145	+0.180%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.120	−0.045%	$356K	$502K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.108	−0.157%	$2.9M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.086	−0.352%	$354K	$790K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.106	−0.171%	$178K	$678K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.125	long leg	$131K	$349K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.125	0.000%	$195K	$313K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.153	+0.251%	$12K	$709K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.119	−0.054%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.118	−0.058%	$361K	$855K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.116	−0.081%	$29.7M	$5.6M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.141	+0.143%	$671K	$1.6M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.114	−0.099%	$255K	—	3x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.121	−0.039%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0255%	1h	11.122	−0.029%	$4.3M	$11.7M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0288%	1h	11.125	0.000%	$902K	$5.7M	50x	as long as short
Hyperliquid AVAX	+0.0385%	1h	11.140	+0.135%	$43.3M	$44.8M	10x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.121	−0.033%	$236K	—	120x	as long as short