AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0170%/8h= +18.6% APRnext payment +$0.21 per $10,000 · paid last 24h −0.017%

Price spread now: Kraken Futures against Polymarket Perps−0.027%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now −0.027%, 7d avg +0.019%

Together, before fees−0.168%−$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.046% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.027% now, against its 7-day average of +0.019%). If the spread goes back, that is −$5 on $10k: about 22 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.256	0.0100	pay 0.0013% / 1h	43m 41s	$134K	$438K	10x
Short	Kraken Futures PF_AVAXUSD	11.253	0.0270	get 0.0034% / 1h	43m 41s	$4.6M	$13.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.027%Rate

Funding earned: $35.66
Price spread: −0.027% → +0.019%: −$4.59
Slippage, 4 orders: −$21.12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$8.05
Costs to cover: 0.391%
Break-even: 8.6 days

Slippage from Polymarket Perps: live order book, 34 min ago; Kraken Futures: live order book, 5 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, 34 min ago	2.22 bp	6.2 bp −$6	7.9 bp −$79	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.22 bp	12.2 bp −$12	19.9 bp −$199	60.5 bp −$6,050	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	−0.1451%	1h	11.210	−0.409%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.247	−0.080%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0088%	1h	11.245	−0.093%	$297K	$885K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.253	−0.031%	$104K	$111K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.255	−0.009%	$13K	—	150x	as long as short
Variational Omni AVAX	+0.0062%	8h	11.258	+0.019%	$3.0M	$2.4M	—	as long as short
Lighter AVAX	+0.0096%	1h	11.249	−0.060%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.253	−0.027%	$18K	$676K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.245	−0.095%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.249	−0.062%	$2.3M	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica AVAX	+0.0100%	1h	11.253	−0.029%	$299K	$118K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.249	−0.062%	$120.4M	$517.7M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.249	−0.062%	$89.5M	$155.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.246	−0.089%	$20.2M	$144.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.248	−0.071%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.249	−0.062%	$52.2M	$93.1M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.253	−0.027%	$15.8M	$24.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.247	−0.080%	$34.3M	$59.0M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.247	−0.080%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.254	−0.018%	$360K	$564K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.249	−0.065%	$359K	$864K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.244	−0.107%	$181K	$684K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.256	long leg	$134K	$438K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.256	0.000%	$205K	$303K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.285	+0.258%	$12K	$733K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.247	−0.080%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.248	−0.076%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.250	−0.053%	$30.2M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.244	−0.102%	$672K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.244	−0.104%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.248	−0.071%	$5.0M	$7.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.252	−0.035%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSDshort	+0.0270%	1h	11.253	−0.027%	$4.6M	$13.2M	50x
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.261	+0.044%	$917K	$8.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0419% / S −0.0272%	1h	11.255	−0.010%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0861%	1h	11.263	+0.062%	$43.7M	$55.3M	10x	as long as short