AVAX

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter against Polymarket Perps+0.015%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$190.195% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 4 days (all we have)−0.232%−$23 · spread now +0.015%, 7d avg −0.062%

Together, before fees−0.353%+ Points / potential airdropLighter: Season 3 · farm board−$35 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: Lighter is 0.077% dearer against Polymarket Perps than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	10.690	0.0100	pay 0.0013% / 1h	0m 12s	$134K	$347K	10x
Short	Lighter AVAX	10.692	0.0096	get 0.0012% / 1h	0m 12s	$1.2M	$2.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$0.84
Price spread: +0.015% → −0.062%: $7.68
Slippage, 4 orders: −$11.47
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.62
Costs to cover: 0.195%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 42 min ago; Lighter: live order book, 2 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, 42 min ago	2.34 bp	6.3 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	2.81 bp	2.8 bp −$3	11.7 bp −$117	82.4 bp −$8,241	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	−0.0194%	1h	10.681	−0.084%	$280K	$335K	10x	as long as short
Variational Omni AVAX	−0.0067%	8h	10.666	−0.228%	$2.9M	$2.2M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.673	−0.157%	$91K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.694	+0.037%	$4.8M	$6.9M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.694	+0.039%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0012%	8h	10.689	−0.009%	$12.9M	$32.5M	75x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.655%	$17K	$152K	12x	as long as short
SoDEX AVAX-USD	+0.0077%	1h	10.691	+0.009%	$18K	$72K	10x	as long as short
Paradex AVAX-USD-PERP	+0.0083%	8h	10.676	−0.131%	$12K	$212	20x	as long as short
Bybit AVAXUSDT	+0.0085%	8h	10.687	−0.028%	$81.5M	$143.1M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter AVAXshort	+0.0096%	1h	10.692	+0.015%	$1.2M	$2.5M	10x
Popdex AVAXUSDT	+0.0096%	1h	10.684	−0.056%	$25K	$473K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.696	+0.056%	$37.2M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.696	+0.053%	$2.2M	$1.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.677	−0.125%	$268K	$129K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.693	+0.025%	$113.2M	$418.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.686	−0.037%	$18.8M	$110.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.691	+0.009%	$45.4M	$81.4M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.690	0.000%	$13.6M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.691	+0.009%	$32.4M	$48.1M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	10.687	−0.028%	—	$54.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.693	+0.028%	$436K	$558K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.681	−0.084%	$338K	$1.1M	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.702	+0.112%	$173K	$662K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	10.690	long leg	$134K	$347K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.699	+0.084%	$231K	$255K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.708	+0.168%	$11K	$769K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.691	+0.005%	$325K	$882K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.693	+0.028%	$28.5M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.686	−0.036%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.686	−0.040%	$245K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0113%	1h	10.691	+0.010%	$3.8M	$12.0M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.677	−0.122%	$849K	$5.1M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.671	−0.178%	$4.6M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.687	−0.025%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.694	+0.042%	$226K	—	120x	as long as short