Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRnext payment −$0.11 per $10,000 · paid last 24h −0.002%
Price spread now: MEXC against BloFin−0.324%79s7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as 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−$650.652% of the position
Funding, last 7 days+0.015%+$1 on $10k
+Price spread, last 4 days (all we have)+0.298%+$30 · spread now −0.324%, 7d avg −0.008%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.316% cheaper against BloFin than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.008%). Swap the legs. The two prices were read 79 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 | 0.04326 | 0.0122 | pay 0.0061% / 4h | 28m 04s | $112K | $19K | 50x |
| Short | MEXC POLYX_USDT | 0.04312 | 0.0100 | get 0.0050% / 4h | 28m 04s | $332K | $164K | 20x |
BloFin POLYX-USDT
MEXC POLYX_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$4.53
- Price spread: −0.324% → −0.008%
- −$31.6
- Slippage, 4 orders
- −$49.21
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$101.34
- Costs to cover
- 0.652%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 67 min ago; MEXC: live order book, 12 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, 67 min ago | 6.98 bp | 15.6 bp −$16 | 49.3 bp −$493 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 12 min ago | 1.16 bp | 11.2 bp −$11 | 56.0 bp −$560 | 110.1 bp −$11.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid POLYX | +0.0100% | 1h | 0.04317 | −0.210% | $58K | $76K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04316 | −0.229% | $10K | $16K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04312 | −0.324% | $1.7M | $2.0M | 50x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04322 | −0.092% | $142K | $33K | 20x | as long as short |
| MEXC POLYX_USDTshort | +0.0100% | 4h | 0.04312 | −0.324% | $332K | $164K | 20x | |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04320 | −0.139% | $319K | $38K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04316 | −0.231% | $467K | $307K | 50x | as long as short |
| Extended POLYX-USD | +0.0104% | 1h | 0.04311 | −0.351% | $491 | $163K | 5x | as long as short |
| BloFin POLYX-USDTlong | +0.0122% | 4h | 0.04326 | long leg | $112K | $19K | 50x | |
| Variational Omni POLYX | +0.0322% | 4h | 0.04320 | −0.133% | $9K | $1 | — | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
Gate POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
Extended POLYX-USD
Variational Omni POLYXShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX POLYX-USDT | +0.0336% | 4h | 0.04315 | −0.254% | — | $2.3M | — | as long as short |
| Bybit POLYXUSDT | +0.0557% | 4h | 0.04321 | −0.116% | $1.1M | $360K | 13x | as long as short |
BingX POLYX-USDT
Bybit POLYXUSDT