Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h −0.002%
Price spread now: Binance against BloFin+0.141%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$940.943% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.141%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.151% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin POLYX-USDT | 0.04259 | 0.0070 | pay 0.0035% / 4h | 2h 55m | $112K | $18K | 50x |
| Short | Binance POLYXUSDT | 0.04265 | 0.0100 | get 0.0050% / 4h | 2h 55m | $1.7M | $2.1M | 50x |
BloFin POLYX-USDT
Binance POLYXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- $6.28
- Price spread: +0.141% → −0.010%
- $15.13
- Slippage, 4 orders
- −$72.33
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72.92
- Costs to cover
- 0.943%
- Break-even
- 88.3 days
Slippage from BloFin: live order book, 60 min ago; Binance: live order book, 9 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 BloFin live order book, 60 min ago | 3.49 bp | 23.3 bp −$23 | 61.2 bp −$612 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 1.15 bp | 25.6 bp −$26 | 73.9 bp −$739 | 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-USDTlong | +0.0070% | 4h | 0.04259 | long leg | $112K | $18K | 50x | |
| Hyperliquid POLYX | +0.0100% | 1h | 0.04264 | +0.110% | $56K | $76K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04271 | +0.288% | $11K | $15K | 5x | as long as short |
| Binance POLYXUSDTshort | +0.0100% | 4h | 0.04265 | +0.141% | $1.7M | $2.1M | 50x | |
| Bybit POLYXUSDT | +0.0100% | 4h | 0.04263 | +0.094% | $1.1M | $361K | 13x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04271 | +0.282% | $141K | $34K | 20x | as long as short |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04260 | +0.023% | $328K | $175K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04266 | +0.164% | $312K | $40K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04264 | +0.117% | $459K | $308K | 50x | as long as short |
| Variational Omni POLYX | +0.0100% | 4h | 0.04270 | +0.254% | $9K | $1 | — | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Bybit POLYXUSDT
Gate POLYX_USDT
MEXC POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
Variational Omni POLYXShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended POLYX-USD | +0.0104% | 1h | 0.04265 | +0.140% | $708 | $172K | 5x | as long as short |
| BingX POLYX-USDT | +0.0226% | 4h | 0.04260 | +0.023% | — | $2.3M | — | as long as short |
Extended POLYX-USD
BingX POLYX-USDT