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 BingX+0.047%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$2032.035% of the position
Funding, last 7 days−0.393%−$39 on $10k
+Price spread, last 7 days+0.186%+$19 · spread now +0.047%, 7d avg +0.096%
=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 BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX POLYX-USDT | 0.04286 | 0.0100 | pay 0.0050% / 4h | 3h 44m | — | $2.3M | — |
| Short | Bybit POLYXUSDT | 0.04288 | 0.0100 | get 0.0050% / 4h | 3h 44m | $1.1M | $358K | 13x |
BingX POLYX-USDT
Bybit POLYXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: +0.047% → +0.096%
- −$4.96
- Slippage, 4 orders
- −$182.49
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$208.45
- Costs to cover
- 2.035%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Bybit: live order book, 1 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, 8 min ago | 16.31 bp | 35.0 bp −$35 | 69.6 bp −$696 | 444.7 bp −$44.5K | 519.6 bp −$259.8K |
| Sell Bybit live order book, 1 min ago | 3.50 bp | 65.2 bp −$65 | 422.3 bp −$4,223 | 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 | +0.0080% | 4h | 0.04278 | −0.187% | $114K | $18K | 50x | as long as short |
| Hyperliquid POLYX | +0.0100% | 1h | 0.04286 | +0.002% | $58K | $77K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04280 | −0.141% | $11K | $21K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04276 | −0.233% | $1.7M | $2.1M | 50x | as long as short |
| Bybit POLYXUSDTshort | +0.0100% | 4h | 0.04288 | +0.047% | $1.1M | $358K | 13x | |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04278 | −0.187% | $142K | $39K | 20x | as long as short |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04283 | −0.070% | $341K | $186K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04279 | −0.163% | $313K | $41K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04288 | +0.047% | $460K | $305K | 50x | as long as short |
| BingX POLYX-USDTlong | +0.0100% | 4h | 0.04286 | long leg | — | $2.3M | — |
BloFin POLYX-USDT
Hyperliquid POLYX
Aster POLYXUSDT
Binance 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni POLYX | +0.0100% | 4h | 0.04285 | −0.027% | $9K | $1 | — | as long as short |
| Extended POLYX-USD | +0.0104% | 1h | 0.04281 | −0.115% | $3K | $174K | 5x | as long as short |
Variational Omni POLYX
Extended POLYX-USD