Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.023%
Price spread now: Bybit against BloFin0.000%102s7-day average +0.106% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1601.601% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now 0.000%, 7d avg +0.106%
=Funding pays, the price is against you. Bybit is 0.106% cheaper against BloFin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.106%). If the spread goes back, that is −$11 on $10k: about 36 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour. The two prices were read 102 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin POLYX-USDT | 0.04304 | 0.0090 | pay 0.0045% / 4h | 3h 33m | $113K | $19K | 50x |
| Short | Bybit POLYXUSDT | 0.04304 | 0.0100 | get 0.0050% / 4h | 3h 33m | $1.1M | $352K | 13x |
BloFin POLYX-USDT
Bybit POLYXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $2.03
- Price spread: 0.000% → +0.106%
- −$10.57
- Slippage, 4 orders
- −$137.08
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$168.62
- Costs to cover
- 1.601%
- Break-even
- 587.3 days
Slippage from BloFin: live order book, 55 min ago; Bybit: live order book, 2 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, 55 min ago | 6.95 bp | 21.0 bp −$21 | 59.3 bp −$593 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.80 bp | 57.5 bp −$58 | 395.3 bp −$3,953 | 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 | +0.0090% | 4h | 0.04304 | long leg | $113K | $19K | 50x | |
| Hyperliquid POLYX | +0.0100% | 1h | 0.04306 | +0.058% | $59K | $75K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04301 | −0.073% | $10K | $16K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04301 | −0.070% | $1.7M | $1.9M | 50x | as long as short |
| Bybit POLYXUSDTshort | +0.0100% | 4h | 0.04304 | 0.000% | $1.1M | $352K | 13x | |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04303 | −0.023% | $142K | $33K | 20x | as long as short |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04300 | −0.093% | $331K | $157K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04301 | −0.070% | $318K | $37K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04303 | −0.023% | $467K | $305K | 50x | as long as short |
| BingX POLYX-USDT | +0.0100% | 4h | 0.04308 | +0.093% | — | $2.3M | — | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
Gate POLYX_USDT
MEXC POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
BingX POLYX-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended POLYX-USD | +0.0104% | 1h | 0.04299 | −0.122% | $2K | $166K | 5x | as long as short |
| Variational Omni POLYX | +0.0566% | 4h | 0.04304 | −0.006% | $9K | $1 | — | as long as short |
Extended POLYX-USD
Variational Omni POLYX