Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: SunX against Polymarket Perps+0.179%7-day average +0.240% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1721.716% 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)−0.420%−$42 · spread now +0.179%, 7d avg +0.240%

Together, before fees−0.367%−$37 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 0.060% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.240%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	11.043	0.0100	pay 0.0013% / 1h	31m 45s	$115K	$489K	10x
Short	SunX AVAX-USDT	11.063	0.0100	get 0.0100% / 8h	3h 31m	$12K	$701K	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 +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.240%: −$6.02
Slippage, 4 orders: −$155.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$177.63
Costs to cover: 1.716%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 16 min ago; SunX: live order book, 10 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, 16 min ago	2.28 bp	6.3 bp −$6	9.8 bp −$98	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	41.93 bp	102.3 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
Variational Omni AVAX	−0.0230%	8h	11.032	−0.103%	$2.8M	$2.2M	—	as long as short
Nado AVAX-PERP	−0.0212%	1h	11.049	+0.059%	$297K	$967K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0112%	1h	11.056	+0.118%	$5.2M	$9.4M	25x	as long as short
Bybit AVAXUSDT	−0.0019%	8h	11.048	+0.045%	$86.3M	$147.4M	75x	as long as short
OKX AVAX-USDT-SWAP	−0.0018%	8h	11.056	+0.118%	$19.6M	$146.3M	50x	as long as short
dYdX AVAX-USD	0.0000%	1h	11.056	+0.120%	$94K	$139K	10x	as long as short
SoDEX AVAX-USD	+0.0001%	1h	11.054	+0.100%	$18K	$72K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	11.048	+0.045%	$13K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0012%	1h	11.000	−0.389%	$17K	$103K	12x	as long as short
Extended AVAX-USD	+0.0016%	1h	11.046	+0.029%	$651K	$2.2M	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International AVAX-PERP-INTX	+0.0016%	1h	11.053	+0.091%	$807K	$8.0M	50x	as long as short
Gate AVAX_USDT	+0.0017%	8h	11.048	+0.045%	$12.2M	$40.1M	75x	as long as short
MEXC AVAX_USDT	+0.0049%	8h	11.051	+0.072%	$51.2M	$112.3M	200x	as long as short
Binance AVAXUSDT	+0.0049%	8h	11.049	+0.054%	$117.9M	$542.9M	75x	as long as short
Backpack AVAX_USDC_PERP	+0.0067%	1h	11.054	+0.100%	$313K	$553K	15x	as long as short
Phemex AVAXUSDT	+0.0069%	8h	11.057	+0.127%	$29.6M	$4.8M	50x	as long as short
BingX AVAX-USDT	+0.0069%	8h	11.049	+0.054%	—	$93.5M	—	as long as short
Bitget AVAXUSDT	+0.0076%	8h	11.054	+0.100%	$34.2M	$63.1M	75x	as long as short
Paradex AVAX-USD-PERP	+0.0085%	8h	11.054	+0.099%	$13K	$766	20x	as long as short
Aster AVAXUSDT	+0.0092%	8h	11.049	+0.051%	$2.3M	$2.0M	75x	as long as short
Lighter AVAX	+0.0096%	1h	11.050	+0.064%	$1.2M	$3.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	11.030	−0.118%	$16K	$708K	50x	as long as short
Aevo AVAX-PERP	+0.0096%	1h	11.114	+0.644%	$255K	—	3x	as long as short
Pacifica AVAX	+0.0100%	1h	11.054	+0.096%	$299K	$118K	10x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	11.052	+0.081%	$15.6M	$24.8M	75x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	11.036	−0.059%	$358K	$863K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	11.043	0.000%	$178K	$703K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	11.043	long leg	$115K	$489K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	11.063	+0.181%	$214K	$287K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	11.063	+0.179%	$12K	$701K	20x
HTX AVAX-USDT	+0.0100%	8h	11.040	−0.032%	$353K	$1.2M	75x	as long as short
BloFin AVAX-USDT	+0.0169%	8h	11.041	−0.018%	$4.9M	$8.9M	100x	as long as short
Kraken Futures PF_AVAXUSD	+0.0238%	1h	11.063	+0.181%	$4.6M	$13.7M	50x	as long as short
Reya AVAXRUSDPERP	+0.0243%	1h	11.041	−0.016%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0409% / S −0.0244%	1h	11.045	+0.018%	$238K	—	120x	as long as short
Hyperliquid AVAX	+0.0436%	1h	11.067	+0.217%	$41.5M	$58.7M	10x	as long as short