Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.047%
Price spread now: BloFin against BingX−0.045%51s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$49as 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−$490.492% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 3 days (all we have)−0.704%−$70 · spread now −0.045%, 7d avg −0.008%
=Funding pays, the price is against you. BloFin is 0.036% cheaper against BingX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of −0.008%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.005% in total) that is about 48 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.005% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX POL-USDT | 0.1121 | 0.0100 | pay 0.0050% / 4h | 8m 15s | — | $7.2M | — |
| Short | BloFin POL-USDT | 0.1120 | 0.0340 | get 0.0170% / 4h | 8m 15s | $909K | $163K | 75x |
BingX POL-USDT
BloFin POL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.4
- Price spread: −0.045% → −0.008%
- −$3.65
- Slippage, 4 orders
- −$27.18
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$2.43
- Costs to cover
- 0.492%
- Break-even
- 7.3 days
Slippage from BingX: live order book, 4 min ago; BloFin: live order book, 4 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 BingX live order book, 4 min ago | 2.68 bp | 12.7 bp −$13 | 23.7 bp −$237 | 84.8 bp −$8,481 | 459.6 bp −$229.8K |
| Sell BloFin live order book, 4 min ago | 0.89 bp | 7.4 bp −$7 | 16.1 bp −$161 | 54.0 bp −$5,403 | doesn't fit |
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0128% | 1h | 0.1118 | −0.241% | $205K | $226K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1122 | +0.112% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1121 | +0.015% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1122 | +0.094% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0012% | 4h | 0.1121 | +0.018% | $11K | $185K | 20x | as long as short |
| dYdX POL-USD | +0.0013% | 1h | 0.1121 | +0.031% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.866% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1121 | +0.007% | $299K | $572K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1120 | −0.031% | $372K | $340K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1121 | +0.045% | $17.3M | $49.7M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
dYdX POL-USD
Injective POL/USDC PERP
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDT | +0.0100% | 4h | 0.1120 | −0.045% | $16.1M | $15.1M | 75x | as long as short |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1121 | +0.027% | $5.8M | $11.6M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | −0.054% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1121 | +0.027% | $24.3M | $3.9M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1121 | +0.009% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1121 | +0.018% | $4.1M | $5.3M | 50x | as long as short |
| BingX POL-USDTlong | +0.0100% | 4h | 0.1121 | long leg | — | $7.2M | — | |
| Variational Omni POL | +0.0100% | 4h | 0.1117 | −0.327% | $660K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | −0.178% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1121 | +0.027% | $198K | $649K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1121 | +0.025% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1119 | −0.153% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1122 | +0.102% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0226% | 1h | 0.1123 | +0.195% | $7.6M | $3.9M | 5x | as long as short |
| BloFin POL-USDTshort | +0.0340% | 4h | 0.1120 | −0.045% | $909K | $163K | 75x |
Bybit POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL