POLYX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0457%/8h= −50.1% APRnext payment −$2.29 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit−0.023%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$600as in the Funding arb table

Net, price: spread back to 7d avg − costs−$624as in the Price arb table

costs, in and out, $10k−$6266.265% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.262%+$26 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.023%, 7d avg −0.044%

Together, before fees+0.335%+$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.020% dearer against Bybit than usual: you sell high and buy low (spread −0.023% now, against its 7-day average of −0.044%): +$2 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.262%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.262% in total (about 13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit POLYXUSDT	0.04321	0.0557	pay 0.0279% / 4h	28m 00s	$1.1M	$360K	13x
Short	KuCoin POLYXUSDTM	0.04320	0.0100	get 0.0050% / 4h	28m 00s	$319K	$38K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$96.02
Price spread: −0.023% → −0.044%: $2.04
Slippage, 4 orders: −$603.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$720.47
Costs to cover: 6.265%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 54 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, 3 min ago	3.46 bp	69.9 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 54 min ago	13.87 bp	237.3 bp −$237	doesn't fit	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
Hyperliquid POLYX	+0.0100%	1h	0.04317	−0.095%	$58K	$76K	3x	as long as short
Aster POLYXUSDT	+0.0100%	4h	0.04316	−0.113%	$10K	$16K	5x	as long as short
Binance POLYXUSDT	+0.0100%	4h	0.04312	−0.208%	$1.7M	$2.0M	50x	as long as short
Gate POLYX_USDT	+0.0100%	4h	0.04322	+0.023%	$142K	$33K	20x	as long as short
MEXC POLYX_USDT	+0.0100%	4h	0.04312	−0.208%	$332K	$164K	20x	as long as short
KuCoin POLYXUSDTMshort	+0.0100%	4h	0.04320	−0.023%	$319K	$38K	30x
Bitget POLYXUSDT	+0.0100%	4h	0.04316	−0.116%	$467K	$307K	50x	as long as short
Extended POLYX-USD	+0.0104%	1h	0.04311	−0.236%	$491	$163K	5x	as long as short
BloFin POLYX-USDT	+0.0122%	4h	0.04326	+0.116%	$112K	$19K	50x	as long as short
Variational Omni POLYX	+0.0322%	4h	0.04320	−0.017%	$9K	$1	—	as long as short

Show 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	−0.139%	—	$2.3M	—	as long as short
Bybit POLYXUSDTlong	+0.0557%	4h	0.04321	long leg	$1.1M	$360K	13x