Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.055%
Price spread now: BloFin against Bybit−0.089%92s7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 3 days (all we have)−0.166%−$17 · spread now −0.089%, 7d avg +0.013%
=Funding pays, the price is against you. BloFin is 0.102% cheaper against Bybit than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of +0.013%). If the spread goes back, that is −$10 on $10k: about 34 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.093% in total) that is about 7.6 days. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.093% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.20 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 | Bybit POLUSDT | 0.1120 | 0.0100 | pay 0.0050% / 4h | 3h 27m | $16.1M | $13.1M | 75x |
| Short | BloFin POL-USDT | 0.1119 | 0.0340 | get 0.0170% / 4h | 3h 27m | $911K | $159K | 75x |
Bybit POLUSDT
BloFin POL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $50.4
- Price spread: −0.089% → +0.013%
- −$10.2
- Slippage, 4 orders
- −$26.88
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$9.68
- Costs to cover
- 0.499%
- Break-even
- 8.3 days
Slippage from Bybit: live order book, 1 min ago; BloFin: live order book, 44 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 Bybit live order book, 1 min ago | 0.89 bp | 10.8 bp −$11 | 31.8 bp −$318 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 44 min ago | 0.89 bp | 7.4 bp −$7 | 16.1 bp −$161 | 54.0 bp −$5,403 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_POLUSD | −0.0239% | 1h | 0.1122 | +0.163% | $1.2M | $1.3M | 50x | as long as short |
| Coinbase International POL-PERP-INTX | −0.0152% | 1h | 0.1116 | −0.402% | $204K | $199K | 50x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1121 | +0.074% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0007% | 1h | 0.1122 | +0.126% | $24K | — | 150x | as long as short |
| Orderly PERP_POL_USDC | +0.0019% | 4h | 0.1121 | +0.062% | $11K | $168K | 20x | as long as short |
| dYdX POL-USD | +0.0025% | 1h | 0.1121 | +0.080% | $17K | $3K | 5x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.848% | $3K | $124K | 12x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1121 | +0.063% | $293K | $582K | 8x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1121 | +0.081% | $373K | $303K | 20x | as long as short |
| Binance POLUSDT | +0.0100% | 4h | 0.1121 | +0.029% | $17.2M | $44.6M | 75x | as long as short |
Kraken Futures PF_POLUSD
Coinbase International POL-PERP-INTX
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Orderly PERP_POL_USDC
dYdX POL-USD
Injective POL/USDC PERP
Lighter POL
Aster POLUSDT
Binance POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit POLUSDTlong | +0.0100% | 4h | 0.1120 | long leg | $16.1M | $13.1M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1120 | 0.000% | $5.8M | $10.6M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1120 | −0.009% | $1.9M | $1.2M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1121 | +0.036% | $24.3M | $3.7M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1121 | +0.036% | $3.0M | $982K | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1122 | +0.107% | $4.2M | $4.8M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1121 | +0.071% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1119 | −0.145% | $620K | $224K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | −0.089% | $1.1M | $2.9M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1119 | −0.134% | $198K | $644K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1121 | +0.006% | $93K | $449K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1120 | −0.038% | $41K | — | 3x | as long as short |
| Hyperliquid POL | +0.0122% | 1h | 0.1124 | +0.268% | $7.6M | $3.9M | 5x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0217% / S −0.0750% | 1h | 0.1122 | +0.122% | $3K | — | 100x | as long as short |
| BloFin POL-USDTshort | +0.0340% | 4h | 0.1119 | −0.089% | $911K | $159K | 75x |
OKX POL-USDT-SWAP
Gate POL_USDT
MEXC POL_USDT
KuCoin POLUSDTM
Bitget POLUSDT
BingX POL-USDT
Variational Omni POL
GRVT POL_USDT_Perp
ApeX Omni POLUSDT
Extended POL-USD
Aevo POL-PERP
Hyperliquid POL
GMX POL/USD [ETH-USDC]