AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1523%/8h= −166.7% APRnext payment −$1.90 per $10,000 · paid last 24h −0.240%

Price spread now: Injective against Polymarket Perps−0.272%7-day average −0.236% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1141.144% of the position

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.407%−$41 on $10k

Price spread, last 4 days (all we have)+0.987%+$99 · spread now −0.272%, 7d avg −0.236%

Together, before fees+0.580%+$58 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$46 a day on $10k at the current rate, and Injective is 0.037% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.236%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.407% in total (about -21.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.90 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.020	0.0100	pay 0.0013% / 1h	20m 45s	$129K	$335K	10x
Short	Injective AVAX/USDC PERP	10.990	−0.1423	pay 0.0178% / 1h	20m 45s	$17K	$151K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.272%Rate

Funding earned: −$319.74
Price spread: −0.272% → −0.236%: −$3.67
Slippage, 4 orders: −$106.34
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$437.77
Costs to cover: 1.144%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 37 min ago; Injective: live order book, 38 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, 37 min ago	2.69 bp	6.7 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell Injective live order book, 38 min ago	44.92 bp	44.9 bp −$45	doesn't fit	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 PERPshort	−0.1423%	1h	10.990	−0.272%	$17K	$151K	12x
Deribit AVAX_USDC-PERPETUAL	−0.0113%	1h	11.014	−0.054%	$5.1M	$7.9M	25x	as long as short
Nado AVAX-PERP	−0.0021%	1h	11.016	−0.032%	$286K	$370K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.027	+0.062%	$96K	$97K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.018	−0.017%	$12K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.023	+0.029%	$1.2M	$2.9M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.016	−0.036%	$15K	$549K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.019	−0.012%	$12K	$434	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.030	+0.087%	$2.2M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.029	+0.083%	$288K	$114K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance AVAXUSDT	+0.0100%	8h	11.027	+0.061%	$117.0M	$428.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.024	+0.036%	$87.5M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.026	+0.054%	$20.2M	$114.7M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.025	+0.045%	$12.1M	$34.3M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.027	+0.064%	$46.5M	$78.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.031	+0.100%	$15.5M	$21.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.028	+0.073%	$33.1M	$47.9M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.025	+0.045%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.017	−0.027%	$331K	$522K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.013	−0.059%	$2.8M	$2.2M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.049	+0.263%	$350K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.073	+0.481%	$178K	$671K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.020	long leg	$129K	$335K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.022	+0.018%	$194K	$310K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.049	+0.265%	$12K	$708K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.017	−0.027%	$18K	$71K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.012	−0.075%	$361K	$813K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.020	0.000%	$29.4M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.024	+0.037%	$682K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.013	−0.063%	$253K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0214%	1h	11.017	−0.023%	$4.3M	$11.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.018	−0.018%	$5.0M	$5.3M	100x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0232%	1h	11.034	+0.127%	$884K	$5.2M	50x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.016	−0.035%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0295%	1h	11.018	−0.021%	$234K	—	120x	as long as short
Hyperliquid AVAX	+0.0550%	1h	11.040	+0.181%	$42.8M	$42.0M	10x	as long as short