Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.10 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against Gate−0.047%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1621.616% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.047%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.060% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate POLYX_USDT | 0.04280 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $142K | $39K | 20x |
| Short | BloFin POLYX-USDT | 0.04278 | 0.0080 | get 0.0040% / 4h | 3h 44m | $114K | $18K | 50x |
Gate POLYX_USDT
BloFin POLYX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.27
- Price spread: −0.047% → +0.013%
- −$5.97
- Slippage, 4 orders
- −$134.62
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$171.86
- Costs to cover
- 1.616%
- Break-even
- never at this rate
Slippage from Gate: live order book, 21 min ago; BloFin: live order book, 11 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, 21 min ago | 8.14 bp | 70.4 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 3.49 bp | 18.4 bp −$18 | 46.0 bp −$460 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin POLYX-USDTshort | +0.0080% | 4h | 0.04278 | −0.047% | $114K | $18K | 50x | |
| Hyperliquid POLYX | +0.0100% | 1h | 0.04285 | +0.129% | $58K | $77K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04286 | +0.132% | $11K | $21K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04285 | +0.113% | $1.7M | $2.1M | 50x | as long as short |
| Bybit POLYXUSDT | +0.0100% | 4h | 0.04288 | +0.187% | $1.1M | $357K | 13x | as long as short |
| Gate POLYX_USDTlong | +0.0100% | 4h | 0.04280 | long leg | $142K | $39K | 20x | |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04287 | +0.164% | $341K | $186K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04286 | +0.140% | $314K | $41K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04288 | +0.187% | $460K | $305K | 50x | as long as short |
| BingX POLYX-USDT | +0.0100% | 4h | 0.04287 | +0.164% | — | $2.3M | — | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
Bybit POLYXUSDT
MEXC POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
BingX POLYX-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni POLYX | +0.0100% | 4h | 0.04285 | +0.113% | $9K | $1 | — | as long as short |
| Extended POLYX-USD | +0.0104% | 1h | 0.04286 | +0.131% | $3K | $174K | 5x | as long as short |
Variational Omni POLYX
Extended POLYX-USD