Funding arb · Price arb /

POLYX

all POLYX markets

Swap Backtest

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: Gate against Bitget−0.047%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$148as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1631.626% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.149%+$15 on $10k

Price spread, last 4 days (all we have)+0.178%+$18 · spread now −0.047%, 7d avg −0.002%

Together, before fees+0.327%+$33 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: Gate is 0.045% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POLYXUSDT	0.04280	0.0100	pay 0.0050% / 4h	3h 44m	$459K	$305K	50x
Short	Gate POLYX_USDT	0.04278	0.0100	get 0.0050% / 4h	3h 44m	$142K	$39K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → −0.002%: −$4.51
Slippage, 4 orders: −$135.58
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$167.09
Costs to cover: 1.626%
Break-even: never at this rate

Slippage from Bitget: live order book, 21 min ago; Gate: live order book, 21 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 Bitget live order book, 21 min ago	5.81 bp	21.8 bp −$22	97.2 bp −$972	doesn't fit	doesn't fit
Sell Gate live order book, 21 min ago	8.14 bp	49.5 bp −$49	doesn't fit	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	−0.047%	$114K	$18K	50x	as long as short
Hyperliquid POLYX	+0.0100%	1h	0.04285	+0.129%	$58K	$77K	3x	as long as short
Aster POLYXUSDT	+0.0100%	4h	0.04280	−0.002%	$11K	$21K	5x	as long as short
Binance POLYXUSDT	+0.0100%	4h	0.04282	+0.047%	$1.7M	$2.1M	50x	as long as short
Bybit POLYXUSDT	+0.0100%	4h	0.04284	+0.093%	$1.1M	$358K	13x	as long as short
Gate POLYX_USDTshort	+0.0100%	4h	0.04278	−0.047%	$142K	$39K	20x
MEXC POLYX_USDT	+0.0100%	4h	0.04283	+0.070%	$341K	$186K	20x	as long as short
KuCoin POLYXUSDTM	+0.0100%	4h	0.04279	−0.023%	$313K	$41K	30x	as long as short
Bitget POLYXUSDTlong	+0.0100%	4h	0.04280	long leg	$459K	$305K	50x
BingX POLYX-USDT	+0.0100%	4h	0.04282	+0.047%	—	$2.3M	—	as long as short

Show 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	+0.113%	$9K	$1	—	as long as short
Extended POLYX-USD	+0.0104%	1h	0.04281	+0.025%	$3K	$174K	5x	as long as short