Funding you earn now, next payment 12:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.41 per $10,000 · paid last 24h −0.061%
Price spread now: BingX against BloFin+0.009%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1431.426% of the position
Funding, last 7 days−0.060%−$6 on $10k
+Price spread, last 4 days (all we have)+1.434%+$143 · spread now +0.009%, 7d avg +0.010%
=The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.060%, 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 | BloFin POL-USDT | 0.1091 | 0.0018 | pay 0.0009% / 4h | 3h 26m | $899K | $145K | 75x |
| Short | BingX POL-USDC | 0.1091 | 0.0100 | get 0.0050% / 4h | 3h 26m | — | $1.6M | — |
BloFin POL-USDT
BingX POL-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $17.3
- Price spread: +0.009% → +0.010%
- −$0.13
- Slippage, 4 orders
- −$120.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$125.42
- Costs to cover
- 1.426%
- Break-even
- 57.7 days
Slippage from BloFin: live order book, 50 min ago; BingX: live order book, 5 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 BloFin live order book, 50 min ago | 1.38 bp | 13.7 bp −$14 | 18.5 bp −$185 | 63.7 bp −$6,374 | doesn't fit |
| Sell BingX live order book, 5 min ago | 4.58 bp | 53.4 bp −$53 | 368.7 bp −$3,687 | 1157.8 bp −$115.8K | doesn't fit |
POL on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International POL-PERP-INTX | −0.0600% | 1h | 0.1089 | −0.220% | $198K | $179K | 50x | as long as short |
| Bybit POLUSDT | −0.0481% | 4h | 0.1091 | −0.055% | $15.7M | $9.3M | 75x | as long as short |
| Kraken Futures PF_POLUSD | −0.0475% | 1h | 0.1092 | +0.077% | $1.2M | $973K | 50x | as long as short |
| Gate POL_USDT | −0.0296% | 4h | 0.1091 | +0.009% | $1.8M | $1.2M | 75x | as long as short |
| GRVT POL_USDT_Perp | −0.0194% | 4h | 0.1093 | +0.124% | $1.0M | $2.9M | 10x | as long as short |
| Orderly PERP_POL_USDC | −0.0108% | 4h | 0.1092 | +0.073% | $11K | $2.3M | 20x | as long as short |
| OKX POL-USDT-SWAP | −0.0088% | 4h | 0.1090 | −0.082% | $5.7M | $9.1M | 50x | as long as short |
| ApeX Omni POLUSDT | −0.0080% | 1h | 0.1094 | +0.238% | $155K | $660K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1091 | −0.025% | $2K | — | — | as long as short |
| MEXC POL_USDT | +0.0002% | 4h | 0.1091 | +0.009% | $25.1M | $3.4M | 125x | as long as short |
Coinbase International POL-PERP-INTX
Bybit POLUSDT
Kraken Futures PF_POLUSD
Gate POL_USDT
GRVT POL_USDT_Perp
Orderly PERP_POL_USDC
OKX POL-USDT-SWAP
ApeX Omni POLUSDT
Reya POLRUSDPERP
MEXC POL_USDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1092 | +0.099% | $9K | — | 150x | as long as short |
| Binance POLUSDT | +0.0004% | 4h | 0.1091 | 0.000% | $16.6M | $35.4M | 75x | as long as short |
| Extended POL-USD | +0.0008% | 1h | 0.1092 | +0.015% | $91K | $521K | 10x | as long as short |
| BloFin POL-USDTlong | +0.0018% | 4h | 0.1091 | long leg | $899K | $145K | 75x | |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.796% | $3K | $124K | 12x | as long as short |
| Aevo POL-PERP | +0.0080% | 1h | 0.1090 | −0.125% | $40K | — | 3x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1091 | −0.046% | $273K | $539K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1092 | +0.101% | $7.4M | $3.7M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1093 | +0.147% | $362K | $167K | 20x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1092 | +0.092% | $2.8M | $862K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1092 | +0.082% | $4.0M | $3.7M | 50x | as long as short |
| BingX POL-USDCshort | +0.0100% | 4h | 0.1091 | +0.009% | — | $1.6M | — | |
| Variational Omni POL | +0.0100% | 4h | 0.1092 | +0.043% | $604K | $167K | — | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0164% / S −0.0294% | 1h | 0.1093 | +0.132% | $3K | — | 100x | as long as short |
| dYdX POL-USD | +0.0195% | 1h | 0.1093 | +0.165% | $23K | $8K | 5x | as long as short |
gTrade (Gains Network) POL/USD
Binance POLUSDT
Extended POL-USD
Injective POL/USDC PERP
Aevo POL-PERP
Lighter POL
Hyperliquid POL
Aster POLUSDT
KuCoin POLUSDTM
Bitget POLUSDT
Variational Omni POL
GMX POL/USD [ETH-USDC]
dYdX POL-USD