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

POLYX

all POLYX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bitget+0.001%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1911.908% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.101%+$10 on $10k
Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.001%, 7d avg −0.034%
Together, before fees+0.124%+ Points / potential airdropExtended: Active · farm board+$12 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: Extended is 0.035% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget POLYXUSDT0.043190.0100pay 0.0050% / 4h2h 12m$463K$302K50x
ShortExtended POLYX-USD0.043190.0104get 0.0013% / 1h12m 16s$2K$162K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.001% → −0.034%
$3.52
Slippage, 4 orders
−$173.77
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$186.41
Costs to cover
1.908%
Break-even
1560.4 days
Slippage from Bitget: live order book, 49 min ago; Extended: live order book, 54 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, 49 min ago6.99 bp28.9 bp −$29149.9 bp −$1,499doesn't fitdoesn't fit
Sell Extended live order book, 54 min ago3.35 bp67.2 bp −$67398.1 bp −$3,981doesn't fitdoesn't fit

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+0.029%$11K$15K5xas long as short
Binance POLYXUSDT+0.0100%4h0.04321+0.041%$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-USDT+0.0100%4h0.04322+0.069%$2.3Mas long as short
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-USDshort+0.0104%1h0.04319+0.001%$2K$162K5x