Settings8H · net · $10k
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Funding arb · Price arb / Crypto

POLYX

All POLYX markets →
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
Binance SpotPOLYXUSDT
0.03150spotno funding——$374K1xBuy Binance Spot
SHORT
BinancePOLYXUSDT
0.03144+0.0100get 0.0050% / 4h2h 03m$1.3M$1.2M50xShort Binance
Price gap−0.175%
Funding gap+0.0100% /8h

Funding trade: +$3 a day on $10k at the current rate, before costs. The price gap is at its 7d average.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$39+0.0100% /8h now · paid −0.389% over the last 7D
Price+$1spread −0.175% now, avg −0.187% → +0.012% if it goes back
Costs−$1191.187% of $10k · taker + slippage, in and out
Result−$156−1.56%no points

Price and funding

1h · history
PRICE SPREAD · 7D
Now−0.175%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

POLYX on 12 exchanges

lowest funding first

Before you open

1 ok · 2 to watch
  • Watch: Thin at this size44.6 / 22.0 bp
    At $10k entering Binance Spot costs 44.6 bp, fee and slippage, 2.0× Binance’s.
  • Note: Spot in full, margin on the short$10,000 + $200
    The spot leg is bought with the whole $10k; Binance runs at up to 50x. Only the short can be liquidated, when the price rises, while the spot leg's gain is not yet realised: keep about 2× the margin on Binance.
  • OK: Only the short pays funding— / 4h
    The spot leg pays no funding; Binance settles every 4h.
    Next 24h at the current rates, on $10k a leg: +$3.00Long Binance Spot: 0 payments, $0.00; short Binance: 6 payments, +$3.00.
  • Note: Gap at its usual level−0.175% vs −0.187%
    The price leg adds little either way.
  • Note: Spot has no open interest$1.3M OI
    Only Binance reports one; the spot book's depth is in the cost check above.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCBinance Spot Yes · Binance Yes
    Verified KYC to deposit or trade.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0185%/8h × 21 periods−$38.88
Price spread−0.175% → −0.187% (7d avg)+$1.20
Slippage, 4 orderslive order books−$88.71
Fee Binance Spot bp × 2 orders−$20.00
Fee Binance bp × 2 orders−$10.00
Net · 7 days · $10k−$156.38
Costs to cover1.187%Break-evennever at this rate
Slippage: Binance Spot: live order book, 54 min ago; Binance: live order book, 2 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBinance Spot3.1644.6 bp−$45380.6 bp−$3,806doesn’t fitdoesn’t fit
SELL · SHORTBinance1.5922.0 bp−$2264.8 bp−$648doesn’t fitdoesn’t fit

Closing costs about the same again.

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