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

POLYX

all POLYX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.045%
Price spread now: BingX against Extended+0.097%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1841.841% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.181%+$18 on $10k
Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.097%, 7d avg +0.068%
Together, before fees+0.273%+ Points / potential airdropExtended: Active · farm board+$27 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: BingX is 0.030% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.068%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended POLYX-USD0.042560.0104pay 0.0013% / 1h40m 14s$162$206K5x
ShortBingX POLYX-USDT0.042600.0100get 0.0050% / 4h3h 40m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
−$0.84
Price spread: +0.097% → +0.068%
$2.95
Slippage, 4 orders
−$169.08
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$181.96
Costs to cover
1.841%
Break-even
never at this rate
Slippage from Extended: live order book, 56 min ago; BingX: live order book, 8 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 Extended live order book, 56 min ago4.00 bp55.3 bp −$55358.4 bp −$3,584doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago16.42 bp42.6 bp −$4386.4 bp −$864442.0 bp −$44.2K511.7 bp −$255.8K

POLYX on 12 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%1h0.04260+0.090%$55K$88K3xas long as short
Aster POLYXUSDT+0.0100%4h0.04259+0.069%$10K$15K5xas long as short
Binance POLYXUSDT+0.0100%4h0.04259+0.074%$1.7M$2.1M50xas long as short
Bybit POLYXUSDT+0.0100%4h0.04262+0.144%$1.1M$348K13xas long as short
Gate POLYX_USDT+0.0100%4h0.04260+0.097%$137K$39K20xas long as short
MEXC POLYX_USDT+0.0100%4h0.04260+0.097%$324K$146K20xas long as short
KuCoin POLYXUSDTM+0.0100%4h0.04261+0.121%$314K$37K30xas long as short
Bitget POLYXUSDT+0.0100%4h0.04261+0.121%$452K$361K50xas long as short
BingX POLYX-USDTshort+0.0100%4h0.04260+0.097%$2.3M
Extended POLYX-USDlong+0.0104%1h0.04256long leg$162$206K5x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin POLYX-USDT+0.0145%4h0.04254−0.043%$107K$21K50xas long as short
Variational Omni POLYX+0.0323%4h0.04262+0.140%$9K$863as long as short