Funding you earn now, next payment 04:00 UTC+0.0298%/8h= +32.6% APRnext payment +$1.49 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against MEXC+0.185%7-day average +0.116% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1471.470% of the position
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.185%, 7d avg +0.116%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.069% dearer against MEXC than usual: you sell high and buy low: +$7 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 −0.211%, 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 | MEXC POLYX_USDT | 0.04333 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $334K | $170K | 20x |
| Short | Bybit POLYXUSDT | 0.04341 | 0.0398 | get 0.0199% / 4h | 1h 18m | $1.1M | $361K | 13x |
MEXC POLYX_USDT
Bybit POLYXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $62.58
- Price spread: +0.185% → +0.116%
- $6.9
- Slippage, 4 orders
- −$132
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$77.52
- Costs to cover
- 1.470%
- Break-even
- 15.7 days
Slippage from MEXC: live order book, 27 min ago; Bybit: live order book, 3 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, 27 min ago | 4.65 bp | 12.4 bp −$12 | 56.5 bp −$565 | 97.8 bp −$9,775 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.76 bp | 64.6 bp −$65 | 410.7 bp −$4,107 | 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 | +0.0078% | 4h | 0.04329 | −0.092% | $113K | $18K | 50x | as long as short |
| Hyperliquid POLYX | +0.0100% | 1h | 0.04332 | −0.025% | $59K | $74K | 3x | as long as short |
| Aster POLYXUSDT | +0.0100% | 4h | 0.04318 | −0.343% | $10K | $16K | 5x | as long as short |
| Binance POLYXUSDT | +0.0100% | 4h | 0.04332 | −0.023% | $1.7M | $2.0M | 50x | as long as short |
| Gate POLYX_USDT | +0.0100% | 4h | 0.04316 | −0.392% | $142K | $34K | 20x | as long as short |
| MEXC POLYX_USDTlong | +0.0100% | 4h | 0.04333 | long leg | $334K | $170K | 20x | |
| KuCoin POLYXUSDTM | +0.0100% | 4h | 0.04340 | +0.162% | $321K | $39K | 30x | as long as short |
| Bitget POLYXUSDT | +0.0100% | 4h | 0.04331 | −0.046% | $468K | $306K | 50x | as long as short |
| Variational Omni POLYX | +0.0100% | 4h | 0.04329 | −0.099% | $9K | $1 | — | as long as short |
| Extended POLYX-USD | +0.0104% | 1h | 0.04331 | −0.051% | $3K | $164K | 5x | as long as short |
BloFin POLYX-USDT
Hyperliquid POLYX
Aster POLYXUSDT
Binance POLYXUSDT
Gate POLYX_USDT
KuCoin POLYXUSDTM
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 | +0.0214% | 4h | 0.04331 | −0.046% | — | $2.3M | — | as long as short |
| Bybit POLYXUSDTshort | +0.0398% | 4h | 0.04341 | +0.185% | $1.1M | $361K | 13x |
BingX POLYX-USDT