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

POLYX

all POLYX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Hyperliquid against Bybit−0.146%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.424%+$42 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.146% cheaper against Bybit than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit POLYXUSDT0.043260.0100pay 0.0050% / 4h2h 12m$1.1M$368K13x
ShortHyperliquid POLYX0.043200.0100get 0.0013% / 1h12m 29s$57K$74K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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: −0.146% → 0.000%
−$14.56
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$34.56
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 3 min ago; Hyperliquid: no order-book sample. Net counts fees only.

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 Hyperliquid no order-book sample
Hyperliquid: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 POLYXshort+0.0100%1h0.04320−0.146%$57K$74K3x
Aster POLYXUSDT+0.0100%4h0.04320−0.136%$11K$15K5xas long as short
Binance POLYXUSDT+0.0100%4h0.04319−0.151%$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 POLYXUSDT+0.0100%4h0.04319−0.162%$463K$302K50xas long as short
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%1h0.04318−0.183%$2K$162K5xas long as short