Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Binance−0.298%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)+0.246%+$25 · spread now −0.298%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.308% cheaper against Binance than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance POLYXUSDT | 0.04272 | 0.0100 | pay 0.0050% / 4h | 2h 54m | $1.7M | $2.1M | 50x |
| Short | BloFin POLYX-USDT | 0.04259 | 0.0070 | get 0.0035% / 4h | 2h 54m | $112K | $18K | 50x |
Binance POLYXUSDT
BloFin POLYX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- −$6.28
- Price spread: −0.298% → +0.010%
- −$30.84
- Slippage, 4 orders
- −$72.33
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$131.45
- Costs to cover
- 0.943%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; BloFin: live order book, 60 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 Binance live order book, 10 min ago | 1.15 bp | 27.0 bp −$27 | 97.8 bp −$978 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 60 min ago | 3.49 bp | 18.4 bp −$18 | 46.0 bp −$460 | doesn't fit | doesn't fit |
POLYX on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin POLYX-USDTshort | +0.0070% | 4h | 0.04259 | −0.298% | $112K | $18K | 50x | |
| Hyperliquid POLYX | +0.0100% | 1h | 0.04271 | −0.012% | $56K | $75K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04271 | −0.011% | $11K | $15K | 5x | as long as short |
| Binance POLYXUSDTlong | +0.0100% | 4h | 0.04272 | long leg | $1.7M | $2.1M | 50x | |
| Bybit POLYXUSDT | +0.0100% | 4h | 0.04272 | +0.006% | $1.1M | $371K | 13x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04272 | +0.006% | $141K | $34K | 20x | as long as short |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04270 | −0.040% | $329K | $175K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04271 | −0.017% | $313K | $40K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04273 | +0.030% | $460K | $308K | 50x | as long as short |
| Variational Omni POLYX | +0.0100% | 4h | 0.04270 | −0.044% | $9K | $1 | — | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Bybit POLYXUSDT
Gate POLYX_USDT
MEXC POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
Variational Omni POLYXShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended POLYX-USD | +0.0104% | 1h | 0.04270 | −0.033% | $708 | $167K | 5x | as long as short |
| BingX POLYX-USDT | +0.0226% | 4h | 0.04270 | −0.040% | — | $2.3M | — | as long as short |
Extended POLYX-USD
BingX POLYX-USDT