Funding you earn now, next payment 04:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.75 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against Bybit−0.161%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$1941.939% of the position
Funding, last 7 days+0.393%+$39 on $10k
+Price spread, last 7 days−0.055%−$6 · spread now −0.161%, 7d avg −0.095%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BingX is 0.067% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.095%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.393%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit POLYXUSDT | 0.04337 | 0.0365 | pay 0.0182% / 4h | 1h 20m | $1.1M | $357K | 13x |
| Short | BingX POLYX-USDT | 0.04330 | 0.0214 | get 0.0107% / 4h | 1h 20m | — | $2.3M | — |
Bybit POLYXUSDT
BingX POLYX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bybit. 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
- −$31.71
- Price spread: −0.161% → −0.095%
- −$6.69
- Slippage, 4 orders
- −$172.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$232.31
- Costs to cover
- 1.939%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 3 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 Bybit live order book, 1 min ago | 5.76 bp | 56.5 bp −$57 | 1017.9 bp −$10.2K | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 16.21 bp | 37.8 bp −$38 | 80.8 bp −$808 | 434.6 bp −$43.5K | 514.6 bp −$257.3K |
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 | 0.04332 | −0.120% | $59K | $74K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04318 | −0.435% | $10K | $16K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04329 | −0.193% | $1.7M | $2.0M | 50x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04316 | −0.484% | $142K | $34K | 20x | as long as short |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04327 | −0.231% | $334K | $170K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04335 | −0.046% | $320K | $39K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04330 | −0.161% | $468K | $306K | 50x | as long as short |
| Variational Omni POLYX | +0.0100% | 4h | 0.04329 | −0.191% | $9K | $1 | — | as long as short |
| Extended POLYX-USD | +0.0104% | 1h | 0.04327 | −0.241% | $3K | $164K | 5x | as long as short |
| BloFin POLYX-USDT | +0.0110% | 4h | 0.04310 | −0.623% | $112K | $18K | 50x | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
Gate POLYX_USDT
MEXC POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
Variational Omni POLYX
Extended POLYX-USD
BloFin POLYX-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX POLYX-USDTshort | +0.0214% | 4h | 0.04330 | −0.161% | — | $2.3M | — | |
| Bybit POLYXUSDTlong | +0.0365% | 4h | 0.04337 | long leg | $1.1M | $357K | 13x |