Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SunX against Polymarket Perps+0.169%50s7-day average +0.240% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1741.745% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 3 days (all we have)−0.067%−$7 · spread now +0.169%, 7d avg +0.240%

Together, before fees−0.015%−$1 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: SunX is 0.071% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.240%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.234	0.0100	pay 0.0013% / 1h	1m 32s	$132K	$440K	10x
Short	SunX AVAX-USDT	11.253	0.0100	get 0.0100% / 8h	1m 32s	$12K	$735K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.169%Rate

Funding earned: $0
Price spread: +0.169% → +0.240%: −$7.13
Slippage, 4 orders: −$158.46
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$181.6
Costs to cover: 1.745%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 11 min ago; SunX: live order book, 60 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, 11 min ago	2.67 bp	6.7 bp −$7	7.7 bp −$77	doesn't fit	doesn't fit
Sell SunX live order book, 60 min ago	43.39 bp	102.5 bp −$102	doesn't fit	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	−0.1451%	1h	11.180	−0.481%	$17K	$151K	12x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0106%	1h	11.225	−0.080%	$5.3M	$8.9M	25x	as long as short
Nado AVAX-PERP	−0.0097%	1h	11.228	−0.049%	$296K	$877K	10x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.231	−0.029%	$103K	$106K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.224	−0.090%	$13K	—	150x	as long as short
Lighter AVAX	+0.0096%	1h	11.229	−0.045%	$1.2M	$3.3M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.228	−0.053%	$18K	$663K	50x	as long as short
Paradex AVAX-USD-PERP	+0.0100%	8h	11.228	−0.053%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0100%	8h	11.229	−0.049%	$2.3M	$1.7M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	11.233	−0.009%	$298K	$118K	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	11.229	−0.045%	$120.3M	$510.2M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	11.230	−0.036%	$89.5M	$154.8M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	11.228	−0.053%	$20.3M	$143.1M	50x	as long as short
Gate AVAX_USDT	+0.0100%	8h	11.229	−0.045%	$12.5M	$40.4M	75x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	11.231	−0.027%	$50.0M	$93.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.234	0.000%	$15.6M	$24.1M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	11.234	0.000%	$34.3M	$57.6M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	11.228	−0.053%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	11.231	−0.027%	$359K	$565K	15x	as long as short
Variational Omni AVAX	+0.0100%	8h	11.226	−0.071%	$3.0M	$2.4M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.228	−0.053%	$362K	$873K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.238	+0.036%	$180K	$688K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.234	long leg	$132K	$440K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.232	−0.018%	$204K	$303K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.253	+0.169%	$12K	$735K	20x
SoDEX AVAX-USD	+0.0100%	1h	11.227	−0.062%	$19K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	11.223	−0.093%	$363K	$1.0M	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	11.223	−0.098%	$30.2M	$4.9M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	11.227	−0.064%	$669K	$2.1M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	11.224	−0.089%	$258K	—	3x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	11.227	−0.062%	$5.0M	$7.1M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	11.230	−0.036%	$1K	—	20x	as long as short
Kraken Futures PF_AVAXUSD	+0.0270%	1h	11.233	−0.005%	$4.6M	$12.9M	50x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0280%	1h	11.235	+0.009%	$917K	$7.7M	50x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0433% / S −0.0256%	1h	11.223	−0.096%	$250K	—	120x	as long as short
Hyperliquid AVAX	+0.0755%	1h	11.250	+0.142%	$43.8M	$55.0M	10x	as long as short