Funding you earn now, next payment 04:00 UTC+0.0220%/8h= +24.1% APRnext payment +$1.10 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate+0.163%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$291as in the Price arb table
costs, in and out, $10k−$2962.962% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.163%, 7d avg +0.116%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.047% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.116%. Mind the row above: over the last 7 days funding on this pair cost −0.192%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate POLYX_USDT | 0.04304 | 0.0100 | pay 0.0050% / 4h | 58m 05s | $142K | $33K | 20x |
| Short | Bybit POLYXUSDT | 0.04311 | 0.0320 | get 0.0160% / 4h | 58m 05s | $1.1M | $362K | 13x |
Gate POLYX_USDT
Bybit POLYXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $46.22
- Price spread: +0.163% → +0.116%
- $4.71
- Slippage, 4 orders
- −$270.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$245.27
- Costs to cover
- 2.962%
- Break-even
- 44.1 days
Slippage from Gate: live order book, 57 min ago; Bybit: live order book, 2 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, 57 min ago | 10.44 bp | 101.6 bp −$102 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 8.11 bp | 71.8 bp −$72 | 423.2 bp −$4,232 | 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 | 0.04305 | +0.016% | $59K | $75K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04301 | −0.069% | $10K | $16K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04301 | −0.069% | $1.7M | $2.0M | 50x | as long as short |
| Gate POLYX_USDTlong | +0.0100% | 4h | 0.04304 | long leg | $142K | $33K | 20x | |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04300 | −0.093% | $331K | $162K | 20x | as long as short |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04306 | +0.046% | $318K | $39K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04302 | −0.046% | $466K | $302K | 50x | as long as short |
| Extended POLYX-USD | +0.0104% | 1h | 0.04307 | +0.070% | $3K | $162K | 5x | as long as short |
| Variational Omni POLYX | +0.0119% | 4h | 0.04310 | +0.131% | $9K | $1 | — | as long as short |
| BloFin POLYX-USDT | +0.0121% | 4h | 0.04299 | −0.116% | $113K | $19K | 50x | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
MEXC POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
Extended POLYX-USD
Variational Omni POLYX
BloFin POLYX-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLYXUSDTshort | +0.0320% | 4h | 0.04311 | +0.163% | $1.1M | $362K | 13x | |
| BingX POLYX-USDT | +0.0348% | 4h | 0.04306 | +0.046% | — | $2.3M | — | as long as short |
BingX POLYX-USDT