Funding you earn now, next payment 12:00 UTC+0.0137%/8h= +15.0% APRnext payment +$0.68 per $10,000 · paid last 24h +0.019%
Price spread now: BingX against OKX+0.037%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1411.411% of the position
Funding, last 7 days+0.245%+$24 on $10k
+Price spread, last 7 days−0.071%−$7 · spread now +0.037%, 7d avg −0.002%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BingX is 0.039% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX POL-USDT-SWAP | 0.1090 | −0.0037 | get 0.0018% / 4h | 1h 54m | $5.7M | $8.3M | 50x |
| Short | BingX POL-USDC | 0.1090 | 0.0100 | get 0.0050% / 4h | 1h 54m | — | $1.6M | — |
OKX POL-USDT-SWAP
BingX POL-USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- $28.73
- Price spread: +0.037% → −0.002%
- $3.91
- Slippage, 4 orders
- −$121.12
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$108.48
- Costs to cover
- 1.411%
- Break-even
- 33.4 days
Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago | 0.92 bp | 13.9 bp −$14 | 55.8 bp −$558 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 4.58 bp | 67.4 bp −$67 | 428.3 bp −$4,283 | 1168.9 bp −$116.9K | doesn't fit |
POL on 25 exchanges
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 | −0.0624% | 1h | 0.1090 | −0.009% | $198K | $164K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0345% | 1h | 0.1092 | +0.148% | $1.2M | $922K | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0184% | 4h | 0.1091 | +0.046% | $10K | $2.6M | 20x | as long as short |
| Gate POL_USDT | −0.0146% | 4h | 0.1090 | +0.028% | $1.8M | $1.0M | 75x | as long as short |
| GRVT POL_USDT_Perp | −0.0066% | 4h | 0.1092 | +0.165% | $1.0M | $2.8M | 10x | as long as short |
| OKX POL-USDT-SWAPlong | −0.0037% | 4h | 0.1090 | long leg | $5.7M | $8.3M | 50x | |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1090 | +0.006% | $2K | — | — | as long as short |
| Bitget POLUSDT | −0.0004% | 4h | 0.1090 | +0.018% | $4.0M | $3.2M | 50x | as long as short |
| dYdX POL-USD | 0.0000% | 1h | 0.1093 | +0.243% | $24K | $9K | 5x | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0003% / S −0.0003% | 1h | 0.1093 | +0.222% | $9K | — | 150x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Gate POL_USDT
GRVT POL_USDT_Perp
Reya POLRUSDPERP
Bitget POLUSDT
dYdX POL-USD
gTrade (Gains Network) POL/USDShow all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended POL-USD | +0.0008% | 1h | 0.1090 | −0.015% | $92K | $526K | 10x | as long as short |
| Binance POLUSDT | +0.0012% | 4h | 0.1090 | 0.000% | $16.6M | $32.0M | 75x | as long as short |
| MEXC POL_USDT | +0.0014% | 4h | 0.1090 | +0.037% | $25.1M | $3.2M | 125x | as long as short |
| BloFin POL-USDT | +0.0022% | 4h | 0.1090 | +0.009% | $894K | $135K | 75x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | +1.917% | $3K | $124K | 12x | as long as short |
| ApeX Omni POLUSDT | +0.0052% | 1h | 0.1092 | +0.174% | $154K | $666K | 50x | as long as short |
| Aevo POL-PERP | +0.0088% | 1h | 0.1090 | −0.009% | $40K | — | 3x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1091 | +0.068% | $267K | $478K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1092 | +0.220% | $7.4M | $3.5M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1091 | +0.101% | $367K | $166K | 20x | as long as short |
| Bybit POLUSDT | +0.0100% | 4h | 0.1090 | −0.037% | $15.7M | $8.6M | 75x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1092 | +0.138% | $3.1M | $773K | 50x | as long as short |
| BingX POL-USDCshort | +0.0100% | 4h | 0.1090 | +0.037% | — | $1.6M | — | |
| Variational Omni POL | +0.0100% | 4h | 0.1091 | +0.052% | $604K | $163K | — | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0164% / S −0.0294% | 1h | 0.1091 | +0.126% | $3K | — | 100x | as long as short |
Extended POL-USD
Binance POLUSDT
MEXC POL_USDT
BloFin POL-USDT
Injective POL/USDC PERP
ApeX Omni POLUSDT
Aevo POL-PERP
Lighter POL
Hyperliquid POL
Aster POLUSDT
Bybit POLUSDT
KuCoin POLUSDTM
Variational Omni POL
GMX POL/USD [ETH-USDC]