Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Polymarket Perps against BingX0.000%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$280.278% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.493%+$49 · spread now 0.000%, 7d avg +0.073%

Together, before fees+0.485%+$48 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: Polymarket Perps is 0.073% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX AVAX-USDT	11.174	0.0100	pay 0.0100% / 8h	2h 44m	—	$90.4M	—
Short	Polymarket Perps AVAX-USD	11.174	0.0100	get 0.0013% / 1h	44m 15s	$124K	$475K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BingX. 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 BingXbpFee Polymarket PerpsbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.073%: −$7.32
Slippage, 4 orders: −$9.82
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$35.14
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Polymarket Perps: live order book, 43 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 BingX live order book, 10 min ago	0.90 bp	5.9 bp −$6	6.5 bp −$65	11.6 bp −$1,162	33.9 bp −$16.9K
Sell Polymarket Perps live order book, 43 min ago	1.36 bp	9.1 bp −$9	10.8 bp −$108	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
Deribit AVAX_USDC-PERPETUAL	−0.0197%	1h	11.173	−0.009%	$5.3M	$9.4M	25x	as long as short
Variational Omni AVAX	−0.0177%	8h	11.179	+0.041%	$2.9M	$2.1M	—	as long as short
Nado AVAX-PERP	−0.0104%	1h	11.174	−0.002%	$296K	$956K	10x	as long as short
Injective AVAX/USDC PERP	−0.0043%	1h	11.100	−0.662%	$17K	$127K	12x	as long as short
Extended AVAX-USD	−0.0016%	1h	11.173	−0.012%	$666K	$2.3M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.170	−0.038%	$98K	$115K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.177	+0.024%	$13K	—	150x	as long as short
Gate AVAX_USDT	+0.0043%	8h	11.170	−0.036%	$12.5M	$39.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0045%	8h	11.171	−0.027%	$20.0M	$146.7M	50x	as long as short
Bybit AVAXUSDT	+0.0045%	8h	11.182	+0.072%	$84.9M	$150.9M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex AVAXUSDT	+0.0056%	8h	11.174	0.000%	$30.0M	$4.8M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0056%	1h	11.183	+0.081%	$891K	$8.1M	50x	as long as short
MEXC AVAX_USDT	+0.0068%	8h	11.172	−0.018%	$53.9M	$108.7M	200x	as long as short
Binance AVAXUSDT	+0.0069%	8h	11.176	+0.018%	$119.9M	$538.6M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0094%	8h	11.163	−0.094%	$13K	$766	20x	as long as short
Lighter AVAX	+0.0096%	1h	11.176	+0.018%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.165	−0.081%	$13K	$697K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.171	−0.022%	$257K	—	3x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.178	+0.039%	$2.3M	$2.0M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.171	−0.023%	$297K	$122K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.174	0.000%	$15.9M	$24.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.173	−0.009%	$34.4M	$61.1M	75x	as long as short
BingX AVAX-USDTlong	+0.0100%	8h	11.174	long leg	—	$90.4M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.177	+0.027%	$326K	$554K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.161	−0.120%	$358K	$907K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.171	−0.027%	$180K	$685K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.174	0.000%	$124K	$475K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.181	+0.063%	$201K	$302K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.204	+0.266%	$12K	$713K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.173	−0.009%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.171	−0.022%	$358K	$1.1M	75x	as long as short
BloFin AVAX-USDT	+0.0189%	8h	11.182	+0.072%	$5.0M	$8.7M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.174	+0.001%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0257%	1h	11.180	+0.057%	$4.6M	$13.6M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0405% / S −0.0244%	1h	11.176	+0.018%	$241K	—	120x	as long as short
Hyperliquid AVAX	+0.0407%	1h	11.191	+0.152%	$42.5M	$58.5M	10x	as long as short