Settings8H · net · $10k
Funding arb · Price arb /

POLYX

all POLYX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC+0.070%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$820.818% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.168%−$17 on $10k
Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.070%, 7d avg +0.003%
Together, before fees−0.314%−$31 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: Bitget is 0.067% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC POLYX_USDT0.043130.0100pay 0.0050% / 4h2h 10m$334K$182K20x
ShortBitget POLYXUSDT0.043160.0100get 0.0050% / 4h2h 10m$463K$302K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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

Funding earned
$0
Price spread: +0.070% → +0.003%
$6.68
Slippage, 4 orders
−$65.79
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$75.11
Costs to cover
0.818%
Break-even
never at this rate
Slippage from MEXC: live order book, 40 min ago; Bitget: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 40 min ago5.82 bp14.6 bp −$1556.0 bp −$560115.6 bp −$11.6Kdoesn't fit
Sell Bitget live order book, 51 min ago6.99 bp25.2 bp −$25156.6 bp −$1,566doesn't fitdoesn't fit

POLYX on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid POLYX+0.0100%1h0.04313−0.007%$57K$74K3xas long as short
Aster POLYXUSDT+0.0100%4h0.04313−0.009%$11K$15K5xas long as short
Binance POLYXUSDT+0.0100%4h0.04313−0.003%$1.7M$2.0M50xas long as short
Bybit POLYXUSDT+0.0100%4h0.04318+0.116%$1.1M$368K13xas long as short
Gate POLYX_USDT+0.0100%4h0.04317+0.093%$142K$35K20xas long as short
MEXC POLYX_USDTlong+0.0100%4h0.04313long leg$334K$182K20x
KuCoin POLYXUSDTM+0.0100%4h0.04319+0.139%$317K$41K30xas long as short
Bitget POLYXUSDTshort+0.0100%4h0.04316+0.070%$463K$302K50x
BingX POLYX-USDT+0.0100%4h0.04312−0.023%$2.3Mas long as short
Variational Omni POLYX+0.0100%4h0.04324+0.261%$9K$1as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended POLYX-USD+0.0104%1h0.04311−0.039%$2K$162K5xas long as short