Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.021%

Price spread now: Orderly against Polymarket Perps+0.179%7-day average +0.011% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 3 days (all we have)−0.246%−$25 · spread now +0.179%, 7d avg +0.011%

Together, before fees−0.262%−$26 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: Orderly is 0.168% dearer against Polymarket Perps than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.155	0.0100	pay 0.0013% / 1h	28m 05s	$131K	$374K	10x
Short	Orderly PERP_AVAX_USDC	11.175	0.0100	get 0.0100% / 8h	7h 28m	$196K	$313K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.011%: $16.81
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.81
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 44 min ago; Orderly: no order-book sample. Net counts fees only.

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, 44 min ago	2.67 bp	6.7 bp −$7	7.7 bp −$77	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1363%	1h	11.080	−0.672%	$17K	$151K	12x	as long as short
Nado AVAX-PERP	−0.0048%	1h	11.159	+0.040%	$293K	$830K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.163	+0.072%	$103K	$105K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	11.165	+0.090%	$5.3M	$8.6M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.165	+0.088%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.165	+0.092%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.157	+0.018%	$17K	$625K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.163	+0.068%	$13K	$512	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.166	+0.095%	$2.3M	$1.6M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.162	+0.066%	$296K	$100K	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	11.163	+0.075%	$118.9M	$484.4M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.162	+0.063%	$88.9M	$149.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.160	+0.045%	$20.0M	$133.4M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.166	+0.099%	$12.2M	$38.2M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.165	+0.090%	$49.0M	$88.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.168	+0.117%	$15.3M	$23.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.160	+0.045%	$33.9M	$54.2M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.165	+0.090%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.167	+0.108%	$357K	$551K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.145	−0.092%	$2.9M	$2.3M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.149	−0.056%	$359K	$851K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.128	−0.242%	$179K	$688K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.155	long leg	$131K	$374K	10x
Orderly PERP_AVAX_USDCshort	+0.0100%	8h	11.175	+0.179%	$196K	$313K	20x
SunX AVAX-USDT	+0.0100%	8h	11.187	+0.288%	$12K	$723K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.166	+0.099%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.169	+0.130%	$362K	$951K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.167	+0.108%	$29.9M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.154	−0.013%	$670K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.164	+0.084%	$256K	—	3x	as long as short
Kraken Futures PF_AVAXUSD	+0.0215%	1h	11.170	+0.135%	$4.3M	$12.6M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.144	−0.099%	$5.0M	$6.3M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.152	−0.028%	$1K	—	20x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0304%	1h	11.163	+0.072%	$906K	$6.8M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0436% / S −0.0298%	1h	11.161	+0.051%	$235K	—	120x	as long as short
Hyperliquid AVAX	+0.0689%	1h	11.182	+0.242%	$43.6M	$51.0M	10x	as long as short