Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: BingX against Polymarket Perps−0.112%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$360.361% 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+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.819%−$82 · spread now −0.112%, 7d avg −0.063%

Together, before fees−0.808%−$81 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: BingX is 0.048% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	10.755	0.0100	pay 0.0013% / 1h	33m 31s	$135K	$287K	10x
Short	BingX AVAX-USDC	10.743	0.0100	get 0.0100% / 8h	7h 33m	—	$6.5M	—

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 −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.063%: −$4.83
Slippage, 4 orders: −$18.09
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$40.92
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 64 min ago; BingX: live order book, 2 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, 64 min ago	2.34 bp	6.3 bp −$6	8.0 bp −$80	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	0.93 bp	11.5 bp −$12	23.5 bp −$235	83.7 bp −$8,368	537.3 bp −$268.6K

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
Kraken Futures PF_AVAXUSD	−0.0265%	1h	10.769	+0.130%	$3.7M	$11.6M	50x	as long as short
Nado AVAX-PERP	−0.0222%	1h	10.741	−0.135%	$280K	$325K	10x	as long as short
Phemex AVAXUSDT	−0.0085%	8h	10.761	+0.056%	$28.7M	$5.6M	50x	as long as short
Variational Omni AVAX	−0.0081%	8h	10.763	+0.072%	$3.0M	$2.1M	—	as long as short
SoDEX AVAX-USD	−0.0080%	1h	10.762	+0.065%	$18K	$68K	10x	as long as short
Gate AVAX_USDT	−0.0074%	8h	10.747	−0.074%	$13.8M	$28.9M	75x	as long as short
dYdX AVAX-USD	0.0000%	1h	10.759	+0.036%	$92K	$111K	10x	as long as short
Deribit AVAX_USDC-PERPETUAL	0.0000%	1h	10.775	+0.186%	$4.8M	$6.8M	25x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.764	+0.086%	$12K	—	150x	as long as short
Injective AVAX/USDC PERP	+0.0033%	1h	10.760	+0.046%	$17K	$151K	12x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT AVAX_USDT_Perp	+0.0058%	8h	10.765	+0.090%	$337K	$1.2M	10x	as long as short
Paradex AVAX-USD-PERP	+0.0082%	8h	10.744	−0.105%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.748	−0.061%	$1.2M	$2.1M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.747	−0.074%	$23K	$468K	50x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.762	+0.067%	$35.8M	$40.3M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.755	+0.003%	$2.2M	$1.4M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.755	+0.005%	$270K	$128K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.747	−0.074%	$113.3M	$395.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.745	−0.093%	$84.0M	$137.5M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.749	−0.056%	$18.9M	$106.0M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.747	−0.074%	$53.1M	$79.3M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.749	−0.056%	$13.9M	$21.3M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.746	−0.084%	$32.9M	$45.2M	75x	as long as short
BingX AVAX-USDCshort	+0.0100%	8h	10.743	−0.112%	—	$6.5M	—
Backpack AVAX_USDC_PERP	+0.0100%	1h	10.762	+0.065%	$438K	$534K	15x	as long as short
ApeX Omni AVAXUSDT	+0.0100%	1h	10.773	+0.167%	$174K	$661K	50x	as long as short
Polymarket Perps AVAX-USDlong	+0.0100%	1h	10.755	long leg	$135K	$287K	10x
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.780	+0.232%	$233K	$239K	20x	as long as short
SunX AVAX-USDT	+0.0100%	8h	10.790	+0.329%	$12K	$773K	20x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.760	+0.047%	$333K	$853K	75x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.738	−0.161%	$609K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.778	+0.217%	$248K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0200%	1h	10.787	+0.298%	$855K	$5.2M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.762	+0.065%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0245%	1h	10.756	+0.008%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0443% / S −0.0294%	1h	10.766	+0.104%	$227K	—	120x	as long as short