Funding arb · Price arb /

AVAX

all AVAX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0122%/8h= +13.3% APRpaid last 24h +0.003%

Price spread now: SunX against Polymarket Perps+0.320%7-day average +0.241% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1721.723% 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+0.048%+$5 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.320%, 7d avg +0.241%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and SunX is 0.079% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.241%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps AVAX-USD	10.596	−0.0022	get 0.0003% / 1h	48m 47s	$130K	$345K	10x
Short	SunX AVAX-USDT	10.630	0.0100	get 0.0100% / 8h	2h 48m	$12K	$738K	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 +0.320%Rate

Funding earned: $25.54
Price spread: +0.320% → +0.241%: $7.86
Slippage, 4 orders: −$156.35
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$138.95
Costs to cover: 1.723%
Break-even: 45.1 days

Slippage from Polymarket Perps: live order book, 63 min ago; SunX: live order book, 23 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, 63 min ago	0.91 bp	4.9 bp −$5	6.7 bp −$67	doesn't fit	doesn't fit
Sell SunX live order book, 23 min ago	41.87 bp	102.8 bp −$103	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	−0.1423%	1h	10.760	+1.548%	$17K	$152K	12x	as long as short
Kraken Futures PF_AVAXUSD	−0.0281%	1h	10.604	+0.074%	$4.2M	$11.3M	50x	as long as short
ApeX Omni AVAXUSDT	−0.0063%	1h	10.619	+0.217%	$171K	$666K	50x	as long as short
Deribit AVAX_USDC-PERPETUAL	−0.0033%	1h	10.604	+0.076%	$4.8M	$7.6M	25x	as long as short
Polymarket Perps AVAX-USDlong	−0.0022%	1h	10.596	long leg	$130K	$345K	10x
dYdX AVAX-USD	0.0000%	1h	10.599	+0.028%	$93K	$101K	10x	as long as short
gTrade (Gains Network) AVAX/USD	L +0.0002% / S −0.0003%	1h	10.602	+0.059%	$12K	—	150x	as long as short
Gate AVAX_USDT	+0.0017%	8h	10.585	−0.104%	$12.0M	$31.7M	75x	as long as short
Variational Omni AVAX	+0.0037%	8h	10.617	+0.195%	$2.8M	$2.2M	—	as long as short
Backpack AVAX_USDC_PERP	+0.0053%	1h	10.594	−0.019%	$369K	$532K	15x	as long as short

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	10.606	+0.094%	$12K	$212	20x	as long as short
Lighter AVAX	+0.0096%	1h	10.589	−0.061%	$1.2M	$2.6M	10x	as long as short
Popdex AVAXUSDT	+0.0096%	1h	10.595	−0.009%	$10K	$447K	50x	as long as short
Nado AVAX-PERP	+0.0100%	1h	10.595	−0.005%	$289K	$326K	10x	as long as short
Hyperliquid AVAX	+0.0100%	1h	10.598	+0.019%	$38.2M	$43.0M	10x	as long as short
Aster AVAXUSDT	+0.0100%	8h	10.586	−0.093%	$2.1M	$1.1M	75x	as long as short
Pacifica AVAX	+0.0100%	1h	10.604	+0.076%	$267K	$130K	10x	as long as short
Binance AVAXUSDT	+0.0100%	8h	10.593	−0.028%	$111.0M	$425.1M	75x	as long as short
Bybit AVAXUSDT	+0.0100%	8h	10.588	−0.076%	$78.6M	$143.0M	75x	as long as short
OKX AVAX-USDT-SWAP	+0.0100%	8h	10.591	−0.047%	$18.6M	$110.3M	50x	as long as short
MEXC AVAX_USDT	+0.0100%	8h	10.589	−0.066%	$41.0M	$78.8M	200x	as long as short
KuCoin AVAXUSDTM	+0.0100%	8h	10.594	−0.019%	$13.5M	$22.6M	75x	as long as short
Bitget AVAXUSDT	+0.0100%	8h	10.588	−0.076%	$31.4M	$48.8M	75x	as long as short
BingX AVAX-USDC	+0.0100%	8h	10.594	−0.019%	—	$6.5M	—	as long as short
GRVT AVAX_USDT_Perp	+0.0100%	8h	10.618	+0.208%	$335K	$950K	10x	as long as short
Orderly PERP_AVAX_USDC	+0.0100%	8h	10.610	+0.132%	$186K	$310K	20x	as long as short
SunX AVAX-USDTshort	+0.0100%	8h	10.630	+0.320%	$12K	$738K	20x
SoDEX AVAX-USD	+0.0100%	1h	10.598	+0.019%	$18K	$72K	10x	as long as short
HTX AVAX-USDT	+0.0100%	8h	10.600	+0.039%	$350K	$787K	75x	as long as short
Phemex AVAXUSDT	+0.0100%	8h	10.601	+0.047%	$28.3M	$5.8M	50x	as long as short
Extended AVAX-USD	+0.0104%	1h	10.583	−0.122%	$638K	$1.4M	25x	as long as short
Aevo AVAX-PERP	+0.0104%	1h	10.601	+0.052%	$244K	—	3x	as long as short
Coinbase International AVAX-PERP-INTX	+0.0216%	1h	10.603	+0.066%	$856K	$4.7M	50x	as long as short
BloFin AVAX-USDT	+0.0220%	8h	10.599	+0.028%	$4.7M	$5.5M	100x	as long as short
Reya AVAXRUSDPERP	+0.0244%	1h	10.593	−0.032%	$1K	—	20x	as long as short
GMX AVAX/USD [AVAX-USDC]	L +0.0444% / S −0.0271%	1h	10.603	+0.064%	$232K	—	120x	as long as short