Funding arb · Price arb /

POLYX

all POLYX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Binance+0.140%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$650as in the Funding arb table

Net, price: spread back to 7d avg − costs−$650as in the Price arb table

costs, in and out, $10k−$6566.564% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.140%, 7d avg +0.071%

Together, before fees+0.103%+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.069% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POLYXUSDT	0.04285	0.0100	pay 0.0050% / 4h	27m 51s	$1.7M	$2.0M	50x
Short	KuCoin POLYXUSDTM	0.04291	0.0100	get 0.0050% / 4h	27m 51s	$316K	$39K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.071%: $6.87
Slippage, 4 orders: −$634.45
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$649.57
Costs to cover: 6.564%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; KuCoin: live order book, 33 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, 6 min ago	2.33 bp	26.1 bp −$26	104.2 bp −$1,042	doesn't fit	doesn't fit
Sell KuCoin live order book, 33 min ago	9.32 bp	272.4 bp −$272	doesn't fit	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-USDT	+0.0073%	4h	0.04290	+0.117%	$114K	$18K	50x	as long as short
Hyperliquid POLYX	+0.0100%	1h	0.04286	+0.033%	$57K	$77K	3x	as long as short
Aster POLYXUSDT	+0.0100%	4h	0.04288	+0.075%	$11K	$21K	5x	as long as short
Binance POLYXUSDTlong	+0.0100%	4h	0.04285	long leg	$1.7M	$2.0M	50x
Bybit POLYXUSDT	+0.0100%	4h	0.04287	+0.047%	$1.1M	$345K	13x	as long as short
Gate POLYX_USDT	+0.0100%	4h	0.04290	+0.117%	$142K	$41K	20x	as long as short
MEXC POLYX_USDT	+0.0100%	4h	0.04285	0.000%	$368K	$185K	20x	as long as short
KuCoin POLYXUSDTMshort	+0.0100%	4h	0.04291	+0.140%	$316K	$39K	30x
Bitget POLYXUSDT	+0.0100%	4h	0.04290	+0.117%	$458K	$293K	50x	as long as short
BingX POLYX-USDT	+0.0100%	4h	0.04287	+0.047%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni POLYX	+0.0100%	4h	0.04289	+0.082%	$9K	$1	—	as long as short
Extended POLYX-USD	+0.0104%	1h	0.04284	−0.019%	$5K	$176K	5x	as long as short