Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h −0.001%

Price spread now: KuCoin against Polymarket Perps0.000%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)−0.943%−$94 · spread now 0.000%, 7d avg −0.047%

Together, before fees−1.003%−$100 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: KuCoin is 0.047% dearer against Polymarket Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.026	0.0100	pay 0.0013% / 1h	4m 15s	$114K	$471K	10x
Short	KuCoin AVAXUSDTM	11.026	0.0100	get 0.0100% / 8h	4h 04m	$15.5M	$25.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.047%: $4.67
Slippage, 4 orders: −$19.42
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$34.75
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 27 min ago; KuCoin: 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, 27 min ago	2.74 bp	7.7 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.36 bp	11.7 bp −$12	32.8 bp −$328	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
Nado AVAX-PERP	−0.0298%	1h	11.021	−0.050%	$313K	$960K	10x	as long as short
Variational Omni AVAX	−0.0260%	8h	10.997	−0.259%	$2.9M	$2.1M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0113%	1h	11.027	+0.009%	$5.2M	$9.7M	25x	as long as short
Bybit AVAXUSDT	−0.0070%	8h	11.023	−0.027%	$86.6M	$147.5M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0052%	8h	11.023	−0.027%	$19.4M	$144.7M	50x	as long as short
Gate AVAX_USDT	−0.0028%	8h	11.023	−0.027%	$12.1M	$40.6M	75x	as long as short
Backpack AVAX_USDC_PERP	−0.0022%	1h	11.029	+0.027%	$298K	$538K	15x	as long as short
SoDEX AVAX-USD	−0.0005%	1h	11.025	−0.009%	$18K	$72K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.032	+0.052%	$84K	$146K	10x	as long as short
Coinbase International AVAX-PERP-INTX	0.0000%	1h	11.024	−0.018%	$812K	$8.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.032	+0.052%	$13K	—	150x	as long as short
Extended AVAX-USD	+0.0016%	1h	11.023	−0.023%	$647K	$2.2M	25x	as long as short
Phemex AVAXUSDT	+0.0024%	8h	11.020	−0.054%	$29.5M	$4.8M	50x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.970	−0.508%	$17K	$68K	12x	as long as short
BingX AVAX-USDC	+0.0038%	8h	11.027	+0.009%	—	$6.6M	—	as long as short
MEXC AVAX_USDT	+0.0039%	8h	11.025	−0.009%	$49.9M	$115.2M	200x	as long as short
Binance AVAXUSDT	+0.0041%	8h	11.023	−0.031%	$117.9M	$544.6M	75x	as long as short
Bitget AVAXUSDT	+0.0043%	8h	11.025	−0.009%	$33.9M	$63.0M	75x	as long as short
Aster AVAXUSDT	+0.0057%	8h	11.025	−0.006%	$2.2M	$2.0M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0070%	8h	11.024	−0.017%	$13K	$766	20x	as long as short
Aevo AVAX-PERP	+0.0088%	1h	11.022	−0.040%	$253K	—	3x	as long as short
Lighter AVAX	+0.0096%	1h	11.023	−0.030%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.020	−0.054%	$17K	$722K	50x	as long as short
Pacifica AVAX	+0.0100%	1h	11.027	+0.010%	$298K	$118K	10x	as long as short
KuCoin AVAXUSDTMshort	+0.0100%	8h	11.026	0.000%	$15.5M	$25.2M	75x
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.996	−0.272%	$352K	$833K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.999	−0.245%	$177K	$705K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.026	long leg	$114K	$471K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.037	+0.100%	$213K	$332K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.053	+0.249%	$12K	$694K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.023	−0.032%	$351K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0158%	8h	11.028	+0.018%	$5.0M	$9.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.023	−0.029%	$1K	—	20x	as long as short
Hyperliquid AVAX	+0.0244%	1h	11.041	+0.136%	$41.4M	$59.5M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0338%	1h	11.034	+0.075%	$4.6M	$14.0M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.028	+0.017%	$238K	—	120x	as long as short