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 −0.005%

Price spread now: BingX against Polymarket Perps−0.062%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Polymarket Perps Short on BingX

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)−0.430%−$43 · spread now −0.062%, 7d avg −0.073%

Together, before fees−0.422%−$42 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.250	0.0100	pay 0.0013% / 1h	42m 13s	$134K	$459K	10x
Short	BingX AVAX-USDT	11.243	0.0100	get 0.0100% / 8h	1h 42m	—	$89.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $0
Price spread: −0.062% → −0.073%: $1.1
Slippage, 4 orders: −$8.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$25.23
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 40 min ago; BingX: live order book, 12 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, 40 min ago	2.21 bp	6.2 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.89 bp	5.9 bp −$6	5.9 bp −$59	8.9 bp −$888	19.5 bp −$9,761

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	11.190	−0.533%	$17K	$151K	12x	as long as short
Variational Omni AVAX	−0.0033%	8h	11.187	−0.556%	$2.9M	$2.4M	—	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0017%	1h	11.244	−0.053%	$5.3M	$9.2M	25x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.249	−0.010%	$99K	$107K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0004%	1h	11.247	−0.025%	$16K	—	150x	as long as short
Nado AVAX-PERP	+0.0015%	1h	11.242	−0.067%	$297K	$899K	10x	as long as short
Lighter AVAX	+0.0096%	1h	11.245	−0.046%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.245	−0.044%	$15K	$695K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0099%	8h	11.245	−0.046%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.249	−0.007%	$2.3M	$1.9M	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	11.254	+0.033%	$299K	$120K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	11.244	−0.055%	$120.3M	$528.0M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.241	−0.080%	$87.9M	$157.7M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.244	−0.053%	$20.2M	$146.8M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.245	−0.044%	$12.6M	$40.0M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.244	−0.053%	$52.2M	$99.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.251	+0.009%	$16.5M	$24.4M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.241	−0.080%	$34.2M	$60.5M	75x	as long as short
BingX AVAX-USDTshort	+0.0100%	8h	11.243	−0.062%	—	$89.7M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.242	−0.071%	$359K	$578K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.227	−0.208%	$355K	$886K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.230	−0.178%	$180K	$686K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.250	long leg	$134K	$459K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.254	+0.036%	$202K	$301K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	11.277	+0.243%	$12K	$729K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	11.245	−0.044%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.246	−0.031%	$362K	$1.1M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.246	−0.036%	$30.3M	$5.0M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.244	−0.058%	$669K	$2.2M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.210	−0.356%	$257K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0192%	1h	11.259	+0.080%	$907K	$8.3M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.256	+0.053%	$5.1M	$8.0M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.247	−0.030%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0396% / S −0.0236%	1h	11.247	−0.029%	$237K	—	120x	as long as short
Hyperliquid AVAX	+0.0534%	1h	11.259	+0.080%	$43.6M	$57.9M	10x	as long as short
Kraken Futures PF_AVAXUSD	+0.0629%	1h	11.252	+0.014%	$4.6M	$13.6M	50x	as long as short