Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.055%
Price spread now: Bybit against BloFin+0.027%82s7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as 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−$570.570% of the position
Funding, last 7 days−0.093%−$9 on $10k
+Price spread, last 3 days (all we have)+0.228%+$23 · spread now +0.027%, 7d avg −0.013%
=The price spread pays, funding is against you. Bybit is 0.040% dearer against BloFin than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.013%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.093% in total) that is about 3.0 days. The two prices were read 82 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 -0.093% in total (about -4.9% 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 | BloFin POL-USDT | 0.1106 | 0.0340 | pay 0.0170% / 4h | 2h 53m | $905K | $155K | 75x |
| Short | Bybit POLUSDT | 0.1106 | 0.0100 | get 0.0050% / 4h | 2h 53m | $15.9M | $12.7M | 75x |
BloFin POL-USDT
Bybit POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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: +0.027% → −0.013%
- $3.99
- Slippage, 4 orders
- −$34.02
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$103.43
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 13 min ago; Bybit: live order book, 5 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 BloFin live order book, 13 min ago | 0.89 bp | 15.4 bp −$15 | 25.9 bp −$259 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.80 bp | 17.5 bp −$17 | 40.0 bp −$400 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni POLUSDT | −0.0849% | 1h | 0.1109 | +0.308% | $196K | $644K | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0312% | 1h | 0.1105 | −0.054% | $203K | $203K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1104 | −0.171% | $3K | — | — | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1107 | +0.111% | $17K | $4K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1105 | −0.076% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0031% | 4h | 0.1104 | −0.109% | $11K | $182K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +0.488% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1106 | +0.065% | $286K | $575K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1108 | +0.208% | $7.5M | $3.9M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1106 | +0.076% | $368K | $274K | 20x | as long as short |
ApeX Omni POLUSDT
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
dYdX POL-USD
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
Injective POL/USDC PERP
Lighter POL
Hyperliquid POL
Aster POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance POLUSDT | +0.0100% | 4h | 0.1107 | +0.127% | $17.0M | $44.0M | 75x | as long as short |
| Bybit POLUSDTshort | +0.0100% | 4h | 0.1106 | +0.027% | $15.9M | $12.7M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1106 | +0.045% | $5.7M | $10.4M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1104 | −0.118% | $1.8M | $1.2M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1106 | +0.072% | $23.9M | $3.6M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1105 | −0.027% | $2.9M | $986K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1106 | +0.054% | $4.1M | $4.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1106 | +0.072% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1104 | −0.142% | $611K | $224K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1106 | +0.063% | $1.1M | $2.8M | 10x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1106 | −0.004% | $92K | $447K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1105 | −0.099% | $40K | — | 3x | as long as short |
| Kraken Futures PF_POLUSD | +0.0116% | 1h | 0.1106 | +0.025% | $1.2M | $1.3M | 50x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0210% / S −0.0388% | 1h | 0.1105 | −0.099% | $3K | — | 100x | as long as short |
| BloFin POL-USDTlong | +0.0340% | 4h | 0.1106 | long leg | $905K | $155K | 75x |
Binance POLUSDT
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
Extended POL-USD
Aevo POL-PERP
Kraken Futures PF_POLUSD
GMX POL/USD [ETH-USDC]