Funding you earn now, next payment 04:00 UTC−0.0047%/8h= −5.1% APRnext payment −$0.23 per $10,000 · paid last 24h +0.002%
Price spread now: BloFin against KuCoin−0.162%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$542as in the Funding arb table
Net, price: spread back to 7d avg − costs−$547as in the Price arb table
costs, in and out, $10k−$5365.356% of the position
Funding, last 7 days−0.065%−$7 on $10k
+Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.162%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.110% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin POLYXUSDTM | 0.04334 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $320K | $39K | 30x |
| Short | BloFin POLYX-USDT | 0.04327 | 0.0053 | get 0.0027% / 4h | 1h 15m | $81K | $18K | 50x |
KuCoin POLYXUSDTM
BloFin POLYX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against KuCoin. 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
- −$9.86
- Price spread: −0.162% → −0.051%
- −$11.04
- Slippage, 4 orders
- −$511.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$556.52
- Costs to cover
- 5.356%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; BloFin: live order book, 20 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 KuCoin live order book, 7 min ago | 13.87 bp | 254.6 bp −$255 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 20 min ago | 6.98 bp | 28.1 bp −$28 | 61.3 bp −$613 | 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 | +0.0053% | 4h | 0.04327 | −0.162% | $81K | $18K | 50x | |
| Hyperliquid POLYX | +0.0100% | 1h | 0.04326 | −0.173% | $58K | $74K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04318 | −0.363% | $10K | $16K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04321 | −0.300% | $1.7M | $2.0M | 50x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04325 | −0.208% | $143K | $34K | 20x | as long as short |
| MEXC POLYX_USDT | +0.0100% | 4h | 0.04322 | −0.277% | $333K | $170K | 20x | as long as short |
| KuCoin POLYXUSDTMlong | +0.0100% | 4h | 0.04334 | long leg | $320K | $39K | 30x | |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04325 | −0.208% | $469K | $308K | 50x | as long as short |
| Variational Omni POLYX | +0.0100% | 4h | 0.04342 | +0.188% | $9K | $1 | — | as long as short |
| Extended POLYX-USD | +0.0104% | 1h | 0.04323 | −0.257% | $3K | $164K | 5x | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
Gate POLYX_USDT
MEXC POLYX_USDT
Bitget POLYXUSDT
Variational Omni POLYX
Extended POLYX-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX POLYX-USDT | +0.0378% | 4h | 0.04327 | −0.162% | — | $2.3M | — | as long as short |
| Bybit POLYXUSDT | +0.0420% | 4h | 0.04329 | −0.115% | $1.1M | $361K | 13x | as long as short |
BingX POLYX-USDT
Bybit POLYXUSDT