POLYX

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0576%/8h= +63.1% APRnext payment +$2.88 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate−0.116%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$2702.696% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.116%, 7d avg +0.036%

Together, before fees+0.355%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.151% cheaper against Gate than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of +0.036%). If the spread goes back, that is −$15 on $10k: about 21 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.201% in total) that is about 5.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.201% in total (about 10.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.88 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	Gate POLYX_USDT	0.04317	0.0100	pay 0.0050% / 4h	5m 24s	$142K	$33K	20x
Short	BingX POLYX-USDT	0.04312	0.0676	get 0.0338% / 4h	5m 24s	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $120.96
Price spread: −0.116% → +0.036%: −$15.15
Slippage, 4 orders: −$244.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$163.75
Costs to cover: 2.696%
Break-even: 16.5 days

Slippage from Gate: live order book, 45 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 Gate live order book, 45 min ago	10.47 bp	105.3 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	16.21 bp	37.2 bp −$37	70.8 bp −$708	466.2 bp −$46.6K	553.2 bp −$276.6K

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
BloFin POLYX-USDT	+0.0071%	4h	0.04319	+0.046%	$112K	$19K	50x	as long as short
Hyperliquid POLYX	+0.0100%	1h	0.04316	−0.028%	$58K	$76K	3x	as long as short
Aster POLYXUSDT	+0.0100%	4h	0.04319	+0.044%	$10K	$16K	5x	as long as short
Binance POLYXUSDT	+0.0100%	4h	0.04311	−0.147%	$1.7M	$1.9M	50x	as long as short
Gate POLYX_USDTlong	+0.0100%	4h	0.04317	long leg	$142K	$33K	20x
MEXC POLYX_USDT	+0.0100%	4h	0.04311	−0.139%	$332K	$165K	20x	as long as short
KuCoin POLYXUSDTM	+0.0100%	4h	0.04319	+0.046%	$319K	$38K	30x	as long as short
Bitget POLYXUSDT	+0.0100%	4h	0.04320	+0.069%	$469K	$308K	50x	as long as short
Extended POLYX-USD	+0.0104%	1h	0.04309	−0.176%	$5K	$169K	5x	as long as short
Variational Omni POLYX	+0.0594%	4h	0.04319	+0.040%	$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-USDTshort	+0.0676%	4h	0.04312	−0.116%	—	$2.3M	—
Bybit POLYXUSDT	+0.0692%	4h	0.04319	+0.046%	$1.1M	$359K	13x	as long as short