Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%
Price spread now: MEXC against Bybit+0.080%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 7 days−0.044%−$4 · spread now +0.080%, 7d avg +0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.058% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POLUSDT | 0.1119 | 0.0100 | pay 0.0050% / 4h | 5m 13s | $16.1M | $15.1M | 75x |
| Short | MEXC POL_USDT | 0.1120 | 0.0100 | get 0.0050% / 4h | 5m 13s | $24.3M | $3.9M | 125x |
Bybit POLUSDT
MEXC POL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Bybit. 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
- $0
- Price spread: +0.080% → +0.022%
- $5.84
- Slippage, 4 orders
- −$23.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$28.47
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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, 3 min ago | 0.45 bp | 12.5 bp −$12 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 0.89 bp | 5.9 bp −$6 | 15.8 bp −$158 | 85.0 bp −$8,502 | 220.7 bp −$110.3K |
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 | −0.089% | $205K | $226K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0072% | 1h | 0.1121 | +0.137% | $1.2M | $1.8M | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1120 | +0.057% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1120 | +0.130% | $24K | — | 150x | as long as short |
| dYdX POL-USD | +0.0013% | 1h | 0.1120 | +0.102% | $17K | $3K | 5x | as long as short |
| Orderly PERP_POL_USDC | +0.0014% | 4h | 0.1120 | +0.054% | $11K | $184K | 20x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.715% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1120 | +0.099% | $300K | $579K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1120 | +0.089% | $372K | $340K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1120 | +0.080% | $17.2M | $49.6M | 75x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
dYdX POL-USD
Orderly PERP_POL_USDC
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 POLUSDTlong | +0.0100% | 4h | 0.1119 | long leg | $16.1M | $15.1M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1120 | +0.063% | $5.8M | $11.6M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | +0.098% | $1.9M | $1.3M | 75x | as long as short |
| MEXC POL_USDTshort | +0.0100% | 4h | 0.1120 | +0.080% | $24.3M | $3.9M | 125x | |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1120 | +0.134% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1120 | +0.080% | $4.1M | $5.3M | 50x | as long as short |
| BingX POL-USDC | +0.0100% | 4h | 0.1120 | +0.071% | — | $1.7M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1119 | −0.022% | $661K | $183K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1121 | +0.149% | $1.1M | $3.2M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1120 | +0.089% | $198K | $649K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1120 | +0.060% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1118 | −0.089% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1120 | +0.127% | $3K | — | 100x | as long as short |
| Hyperliquid POL | +0.0222% | 1h | 0.1122 | +0.248% | $7.6M | $3.9M | 5x | as long as short |
| BloFin POL-USDT | +0.0340% | 4h | 0.1120 | +0.116% | $908K | $163K | 75x | as long as short |
OKX POL-USDT-SWAP
Gate POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDC
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
GMX POL/USD [ETH-USDC]
Hyperliquid POL
BloFin POL-USDT