Funding you earn now, next payment 08:00 UTC+0.1386%/8h= +151.8% APRnext payment +$6.93 per $10,000 · paid last 24h +0.027%
Price spread now: BingX against MEXC+0.378%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$1091.086% of the position
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)−0.303%−$30 · spread now +0.378%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and BingX is 0.340% dearer against MEXC than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.93 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 | MEXC POLYX_USDT | 0.04230 | 0.0100 | pay 0.0050% / 4h | 2h 43m | $322K | $154K | 20x |
| Short | BingX POLYX-USDT | 0.04246 | 0.1486 | get 0.0743% / 4h | 2h 43m | — | $2.3M | — |
MEXC POLYX_USDT
BingX POLYX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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
- $291.06
- Price spread: +0.378% → +0.038%
- $34.02
- Slippage, 4 orders
- −$94.56
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $216.52
- Costs to cover
- 1.086%
- Break-even
- 1.8 days
Slippage from MEXC: live order book, 52 min ago; BingX: live order book, 10 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 MEXC live order book, 52 min ago | 3.49 bp | 9.9 bp −$10 | 43.7 bp −$437 | 93.2 bp −$9,317 | 195.2 bp −$97.6K |
| Sell BingX live order book, 10 min ago | 9.36 bp | 51.3 bp −$51 | 94.5 bp −$945 | 411.2 bp −$41.1K | 468.4 bp −$234.2K |
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 | 0.04241 | +0.265% | $54K | $83K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04243 | +0.318% | $10K | $16K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04242 | +0.273% | $1.7M | $2.1M | 50x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04239 | +0.213% | $143K | $34K | 20x | as long as short |
| MEXC POLYX_USDTlong | +0.0100% | 4h | 0.04230 | long leg | $322K | $154K | 20x | |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04234 | +0.095% | $311K | $36K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04241 | +0.260% | $457K | $347K | 50x | as long as short |
| Extended POLYX-USD | +0.0104% | 1h | 0.04247 | +0.404% | $2K | $233K | 5x | as long as short |
| BloFin POLYX-USDT | +0.0154% | 4h | 0.04255 | +0.591% | $79K | $19K | 50x | as long as short |
| Variational Omni POLYX | +0.0956% | 4h | 0.04265 | +0.822% | $9K | $1 | — | as long as short |
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
Gate POLYX_USDT
KuCoin POLYXUSDTM
Bitget POLYXUSDT
Extended POLYX-USD
BloFin POLYX-USDT
Variational Omni POLYXShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLYXUSDT | +0.1221% | 4h | 0.04242 | +0.284% | $1.1M | $368K | 13x | as long as short |
| BingX POLYX-USDTshort | +0.1486% | 4h | 0.04246 | +0.378% | — | $2.3M | — |
Bybit POLYXUSDT