Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.029%

Price spread now: Polymarket Perps against Bybit+0.080%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on Bybit Short on Polymarket Perps

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)+0.204%+$20 · spread now +0.080%, 7d avg +0.083%

Together, before fees+0.263%+$26 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	11.265	0.0100	pay 0.0100% / 8h	1h 38m	$88.0M	$156.9M	75x
Short	Polymarket Perps AVAX-USD	11.274	0.0100	get 0.0013% / 1h	38m 02s	$134K	$459K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.083%: −$0.31
Slippage, 4 orders: −$12.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.38
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Polymarket Perps: live order book, 44 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 Bybit live order book, 1 min ago	0.44 bp	7.9 bp −$8	13.3 bp −$133	36.6 bp −$3,657	doesn't fit
Sell Polymarket Perps live order book, 44 min ago	2.21 bp	8.3 bp −$8	9.7 bp −$97	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
Injective AVAX/USDC PERP	−0.0570%	1h	11.210	−0.488%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0031%	8h	11.242	−0.202%	$3.0M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0016%	1h	11.264	−0.009%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.267	+0.015%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.273	+0.070%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0009%	1h	11.267	+0.018%	$297K	$896K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.262	−0.022%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.266	+0.009%	$15K	$694K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.266	+0.010%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.263	−0.018%	$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	11.267	+0.021%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.265	0.000%	$120.4M	$527.1M	75x	as long as short
Bybit AVAXUSDTlong	+0.0100%	8h	11.265	long leg	$88.0M	$156.9M	75x
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.269	+0.036%	$20.3M	$146.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.267	+0.018%	$12.6M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.262	−0.027%	$52.4M	$99.9M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.269	+0.036%	$16.7M	$24.5M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.268	+0.027%	$34.3M	$60.4M	75x	as long as short
BingX AVAX-USDT	+0.0100%	8h	11.262	−0.027%	—	$89.4M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.263	−0.018%	$359K	$571K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.242	−0.206%	$356K	$886K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.245	−0.178%	$181K	$686K	50x	as long as short
Polymarket Perps AVAX-USDshort	+0.0100%	1h	11.274	+0.080%	$134K	$459K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.281	+0.142%	$203K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.303	+0.339%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.261	−0.036%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.271	+0.058%	$363K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.263	−0.018%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.270	+0.044%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.185	−0.706%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.278	+0.115%	$910K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.255	−0.089%	$5.0M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.271	+0.051%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.274	+0.076%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0569%	1h	11.277	+0.107%	$43.6M	$57.1M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0628%	1h	11.265	+0.003%	$4.6M	$13.5M	50x	as long as short