Funding you earn now, next payment 04:00 UTC+0.0156%/8h= +17.1% APRnext payment +$0.78 per $10,000 · paid last 24h −0.002%
Price spread now: BingX against BloFin+0.258%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$107as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1261.262% of the position
Funding, last 7 days+0.197%+$20 on $10k
+Price spread, last 3 days (all we have)−0.188%−$19 · spread now +0.258%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.237% dearer against BloFin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.021%.
| 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 54m | $112K | $18K | 50x |
| Short | BingX POLYX-USDT | 0.04270 | 0.0226 | get 0.0113% / 4h | 2h 54m | — | $2.3M | — |
BloFin POLYX-USDT
BingX POLYX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $32.74
- Price spread: +0.258% → +0.021%
- $23.71
- Slippage, 4 orders
- −$104.18
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$69.74
- Costs to cover
- 1.262%
- Break-even
- 21.9 days
Slippage from BloFin: live order book, 60 min ago; BingX: live order book, 8 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 BingX live order book, 8 min ago | 11.60 bp | 43.9 bp −$44 | 80.1 bp −$801 | 433.4 bp −$43.3K | 527.0 bp −$263.5K |
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 | 0.04271 | +0.286% | $56K | $75K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04271 | +0.288% | $11K | $15K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04272 | +0.299% | $1.7M | $2.1M | 50x | as long as short |
| Bybit POLYXUSDT | +0.0100% | 4h | 0.04272 | +0.305% | $1.1M | $371K | 13x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04272 | +0.305% | $141K | $34K | 20x | as long as short |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04270 | +0.258% | $329K | $175K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04271 | +0.282% | $313K | $40K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04273 | +0.329% | $460K | $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
Binance 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 | 0.04270 | +0.265% | $708 | $167K | 5x | as long as short |
| BingX POLYX-USDTshort | +0.0226% | 4h | 0.04270 | +0.258% | — | $2.3M | — |
Extended POLYX-USD