Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h +0.031%

Price spread now: Polymarket Perps against Bybit0.000%7-day average +0.076% · 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−$39as in the Price arb table

costs, in and out, $10k−$310.313% 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+0.064%+$6 on $10k

Price spread, last 4 days (all we have)+0.238%+$24 · spread now 0.000%, 7d avg +0.076%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Polymarket Perps is 0.076% cheaper against Bybit than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.076%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AVAXUSDT	10.588	0.0088	pay 0.0088% / 8h	2h 30m	$78.3M	$144.8M	75x
Short	Polymarket Perps AVAX-USD	10.588	0.0076	get 0.0009% / 1h	30m 11s	$132K	$355K	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 0.000%Rate

Funding earned: −$2.62
Price spread: 0.000% → +0.076%: −$7.57
Slippage, 4 orders: −$12.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$41.46
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 17 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, 4 min ago	0.47 bp	6.9 bp −$7	15.1 bp −$151	42.9 bp −$4,292	doesn't fit
Sell Polymarket Perps live order book, 17 min ago	2.84 bp	8.2 bp −$8	9.9 bp −$99	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	−0.1423%	1h	10.760	+1.624%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0282%	1h	10.596	+0.075%	$4.2M	$11.5M	50x	as long as short
Nado AVAX-PERP	−0.0046%	1h	10.584	−0.038%	$289K	$338K	10x	as long as short
Variational Omni AVAX	−0.0006%	8h	10.571	−0.162%	$2.8M	$2.1M	—	as long as short
dYdX AVAX-USD	0.0000%	1h	10.584	−0.034%	$88K	$117K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.592	+0.038%	$4.7M	$7.5M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.591	+0.032%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0026%	8h	10.591	+0.028%	$12.1M	$32.6M	75x	as long as short
Polymarket Perps AVAX-USDshort	+0.0076%	1h	10.588	0.000%	$132K	$355K	10x
Bybit AVAXUSDTlong	+0.0088%	8h	10.588	long leg	$78.3M	$144.8M	75x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex AVAX-USD-PERP	+0.0096%	8h	10.588	−0.004%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.593	+0.047%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.580	−0.076%	$19K	$443K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.599	+0.104%	$37.8M	$43.6M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.587	−0.014%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.583	−0.049%	$266K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.594	+0.057%	$112.5M	$430.6M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.591	+0.028%	$18.6M	$111.9M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.593	+0.047%	$42.5M	$79.7M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.588	0.000%	$13.2M	$22.8M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.589	+0.009%	$31.9M	$49.4M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.589	+0.009%	—	$6.5M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.581	−0.066%	$368K	$537K	15x	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.607	+0.179%	$336K	$958K	10x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.612	+0.227%	$171K	$662K	50x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.596	+0.076%	$168K	$339K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.620	+0.307%	$12K	$756K	20x	as long as short
SoDEX AVAX-USD	+0.0100%	1h	10.591	+0.028%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.578	−0.099%	$344K	$804K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.587	−0.009%	$28.2M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.587	−0.013%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.592	+0.043%	$243K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.587	−0.009%	$830K	$4.8M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.586	−0.019%	$4.6M	$5.6M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.590	+0.018%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0278%	1h	10.593	+0.051%	$229K	—	120x	as long as short