Settings8H · net · $10k
Funding arb · Price arb /

POLYX

all POLYX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit−0.162%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1821.822% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.043%+$4 on $10k
Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.162%, 7d avg −0.113%
Together, before fees−0.018%−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.049% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.113%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit POLYXUSDT0.043260.0100pay 0.0050% / 4h2h 12m$1.1M$368K13x
ShortBitget POLYXUSDT0.043190.0100get 0.0050% / 4h2h 12m$463K$302K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.162% → −0.113%
−$4.93
Slippage, 4 orders
−$159.2
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$187.13
Costs to cover
1.822%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 49 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 3 min ago3.47 bp63.7 bp −$64doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 49 min ago6.99 bp25.2 bp −$25156.6 bp −$1,566doesn't fitdoesn't fit

POLYX on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid POLYX+0.0100%1h0.04320−0.146%$57K$74K3xas long as short
Aster POLYXUSDT+0.0100%4h0.04320−0.133%$11K$15K5xas long as short
Binance POLYXUSDT+0.0100%4h0.04321−0.121%$1.7M$2.0M50xas long as short
Bybit POLYXUSDTlong+0.0100%4h0.04326long leg$1.1M$368K13x
Gate POLYX_USDT+0.0100%4h0.04315−0.254%$141K$35K20xas long as short
MEXC POLYX_USDT+0.0100%4h0.04319−0.162%$334K$182K20xas long as short
KuCoin POLYXUSDTM+0.0100%4h0.04319−0.162%$317K$41K30xas long as short
Bitget POLYXUSDTshort+0.0100%4h0.04319−0.162%$463K$302K50x
BingX POLYX-USDT+0.0100%4h0.04322−0.092%$2.3Mas long as short
Variational Omni POLYX+0.0100%4h0.04323−0.076%$9K$1as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended POLYX-USD+0.0104%1h0.04319−0.160%$2K$162K5xas long as short