Funding arb · Price arb /

POLYX

all POLYX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.047%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$552as in the Funding arb table

Net, price: spread back to 7d avg − costs−$564as in the Price arb table

costs, in and out, $10k−$5625.620% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now +0.047%, 7d avg +0.071%

Together, before fees+0.181%+$18 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: KuCoin is 0.024% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POLYX_USDT	0.04267	0.0100	pay 0.0050% / 4h	1h 17m	$142K	$42K	20x
Short	KuCoin POLYXUSDTM	0.04269	0.0100	get 0.0050% / 4h	1h 17m	$314K	$39K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.071%: −$2.41
Slippage, 4 orders: −$535
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$564.42
Costs to cover: 5.620%
Break-even: never at this rate

Slippage from Gate: live order book, 58 min ago; KuCoin: live order book, 53 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, 58 min ago	8.20 bp	75.5 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 53 min ago	11.71 bp	197.4 bp −$197	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
BloFin POLYX-USDT	+0.0099%	4h	0.04268	+0.023%	$114K	$18K	50x	as long as short
Hyperliquid POLYX	+0.0100%	1h	0.04265	−0.059%	$56K	$77K	3x	as long as short
Aster POLYXUSDT	+0.0100%	4h	0.04269	+0.043%	$11K	$21K	5x	as long as short
Binance POLYXUSDT	+0.0100%	4h	0.04266	−0.023%	$1.7M	$2.0M	50x	as long as short
Bybit POLYXUSDT	+0.0100%	4h	0.04268	+0.023%	$1.1M	$346K	13x	as long as short
Gate POLYX_USDTlong	+0.0100%	4h	0.04267	long leg	$142K	$42K	20x
MEXC POLYX_USDT	+0.0100%	4h	0.04268	+0.023%	$380K	$186K	20x	as long as short
KuCoin POLYXUSDTMshort	+0.0100%	4h	0.04269	+0.047%	$314K	$39K	30x
Bitget POLYXUSDT	+0.0100%	4h	0.04265	−0.047%	$460K	$288K	50x	as long as short
BingX POLYX-USDT	+0.0100%	4h	0.04268	+0.023%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni POLYX	+0.0100%	4h	0.04267	−0.001%	$9K	$1	—	as long as short
Extended POLYX-USD	+0.0104%	1h	0.04266	−0.032%	$5K	$176K	5x	as long as short