Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Binance+0.093%7-day average +0.143% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1801.798% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 7 days+0.200%+$20 · spread now +0.093%, 7d avg +0.143%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.050% cheaper against Binance than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.143%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance POLYXUSDT | 0.04321 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $1.7M | $2.0M | 50x |
| Short | Bybit POLYXUSDT | 0.04325 | 0.0100 | get 0.0050% / 4h | 2h 12m | $1.1M | $367K | 13x |
Binance POLYXUSDT
Bybit POLYXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.093% → +0.143%
- −$5.01
- Slippage, 4 orders
- −$158.81
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$184.82
- Costs to cover
- 1.798%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: 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 Binance live order book, 7 min ago | 1.16 bp | 24.5 bp −$25 | 93.6 bp −$936 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.47 bp | 64.5 bp −$64 | 405.2 bp −$4,052 | doesn't fit | doesn't fit |
POLYX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid POLYX | +0.0100% | 1h | 0.04320 | −0.032% | $57K | $74K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04320 | −0.014% | $11K | $15K | 5x | as long as short |
| Binance POLYXUSDTlong | +0.0100% | 4h | 0.04321 | long leg | $1.7M | $2.0M | 50x | |
| Bybit POLYXUSDTshort | +0.0100% | 4h | 0.04325 | +0.093% | $1.1M | $367K | 13x | |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04315 | −0.139% | $141K | $35K | 20x | as long as short |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04320 | −0.023% | $334K | $182K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04319 | −0.046% | $317K | $41K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04319 | −0.046% | $463K | $302K | 50x | as long as short |
| BingX POLYX-USDT | +0.0100% | 4h | 0.04322 | +0.023% | — | $2.3M | — | as long as short |
| Variational Omni POLYX | +0.0100% | 4h | 0.04323 | +0.039% | $9K | $1 | — | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Gate POLYX_USDT
MEXC POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
BingX POLYX-USDT
Variational Omni POLYXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended POLYX-USD | +0.0104% | 1h | 0.04319 | −0.045% | $2K | $162K | 5x | as long as short |
Extended POLYX-USD