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

POLYX

all POLYX markets
SwapBacktest
Alert: funding
Alert: spread
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: BingX against Bitget+0.069%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1311.313% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.350%+$35 on $10k
Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.069%, 7d avg +0.032%
Together, before fees+0.432%+$43 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: BingX is 0.037% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLYXUSDT0.043190.0100pay 0.0050% / 4h2h 12m$463K$302K50x
ShortBingX POLYX-USDT0.043220.0100get 0.0050% / 4h2h 12m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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

Funding earned
$0
Price spread: +0.069% → +0.032%
$3.72
Slippage, 4 orders
−$109.29
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$127.57
Costs to cover
1.313%
Break-even
never at this rate
Slippage from Bitget: live order book, 48 min ago; BingX: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 48 min ago6.99 bp28.9 bp −$29149.9 bp −$1,499doesn't fitdoesn't fit
Sell BingX live order book, 6 min ago16.23 bp40.5 bp −$4074.3 bp −$743458.8 bp −$45.9K546.8 bp −$273.4K

POLYX on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid POLYX+0.0100%1h0.04320+0.016%$57K$74K3xas long as short
Aster POLYXUSDT+0.0100%4h0.04320+0.026%$11K$15K5xas long as short
Binance POLYXUSDT+0.0100%4h0.04319+0.010%$1.7M$2.0M50xas long as short
Bybit POLYXUSDT+0.0100%4h0.04326+0.162%$1.1M$368K13xas long as short
Gate POLYX_USDT+0.0100%4h0.04315−0.093%$141K$35K20xas long as short
MEXC POLYX_USDT+0.0100%4h0.043190.000%$334K$182K20xas long as short
KuCoin POLYXUSDTM+0.0100%4h0.043190.000%$317K$41K30xas long as short
Bitget POLYXUSDTlong+0.0100%4h0.04319long leg$463K$302K50x
BingX POLYX-USDTshort+0.0100%4h0.04322+0.069%$2.3M
Variational Omni POLYX+0.0100%4h0.04323+0.086%$9K$1as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended POLYX-USD+0.0104%1h0.04318−0.021%$2K$162K5xas long as short