Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.020%
Price spread now: BloFin against BingX−0.116%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$127as in the Price arb table
costs, in and out, $10k−$1181.181% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.116%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.092% cheaper against BingX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX POLYX-USDT | 0.04307 | 0.0100 | pay 0.0050% / 4h | 3h 33m | — | $2.3M | — |
| Short | BloFin POLYX-USDT | 0.04302 | 0.0077 | get 0.0038% / 4h | 3h 33m | $112K | $19K | 50x |
BingX POLYX-USDT
BloFin POLYX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- −$4.88
- Price spread: −0.116% → −0.024%
- −$9.19
- Slippage, 4 orders
- −$96.11
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$132.18
- Costs to cover
- 1.181%
- Break-even
- never at this rate
Slippage from BingX: live order book, 15 min ago; BloFin: live order book, 55 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 BingX live order book, 15 min ago | 16.23 bp | 36.8 bp −$37 | 76.3 bp −$763 | 448.6 bp −$44.9K | 519.3 bp −$259.6K |
| Sell BloFin live order book, 55 min ago | 6.95 bp | 19.4 bp −$19 | 62.7 bp −$627 | 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 | +0.0077% | 4h | 0.04302 | −0.116% | $112K | $19K | 50x | |
| Hyperliquid POLYX | +0.0100% | 1h | 0.04306 | −0.012% | $59K | $75K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04301 | −0.138% | $10K | $16K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04301 | −0.139% | $1.7M | $1.9M | 50x | as long as short |
| Bybit POLYXUSDT | +0.0100% | 4h | 0.04304 | −0.070% | $1.1M | $352K | 13x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04303 | −0.093% | $142K | $33K | 20x | as long as short |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04300 | −0.163% | $331K | $157K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04301 | −0.139% | $318K | $37K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04303 | −0.093% | $467K | $305K | 50x | as long as short |
| BingX POLYX-USDTlong | +0.0100% | 4h | 0.04307 | long leg | — | $2.3M | — |
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
Bybit POLYXUSDT
Gate POLYX_USDT
MEXC POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended POLYX-USD | +0.0104% | 1h | 0.04300 | −0.169% | $2K | $166K | 5x | as long as short |
| Variational Omni POLYX | +0.0566% | 4h | 0.04304 | −0.076% | $9K | $1 | — | as long as short |
Extended POLYX-USD
Variational Omni POLYX