Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.058%
Price spread now: Bybit against BloFin+0.063%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 3 days (all we have)+0.622%+$62 · spread now +0.063%, 7d avg −0.011%
=The price spread pays, funding is against you. Bybit is 0.073% dearer against BloFin than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of −0.011%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.085% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% 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 | BloFin POL-USDT | 0.1118 | 0.0340 | pay 0.0170% / 4h | 2h 10m | $906K | $168K | 75x |
| Short | Bybit POLUSDT | 0.1119 | 0.0100 | get 0.0050% / 4h | 2h 10m | $16.1M | $16.4M | 75x |
BloFin POL-USDT
Bybit POLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$50.4
- Price spread: +0.063% → −0.011%
- $7.32
- Slippage, 4 orders
- −$30.16
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$96.23
- Costs to cover
- 0.532%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 11 min ago; Bybit: live order book, 8 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, 11 min ago | 0.89 bp | 8.0 bp −$8 | 17.0 bp −$170 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 0.45 bp | 15.7 bp −$16 | 36.9 bp −$369 | doesn't fit | 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 | −0.0080% | 1h | 0.1111 | −0.617% | $202K | $254K | 50x | as long as short |
| Kraken Futures PF_POLUSD | −0.0071% | 1h | 0.1119 | +0.136% | $1.2M | $1.8M | 50x | as long as short |
| Orderly PERP_POL_USDC | −0.0028% | 4h | 0.1118 | +0.045% | $11K | $206K | 20x | as long as short |
| Reya POLRUSDPERP | −0.0006% | 1h | 0.1118 | +0.038% | $3K | — | — | as long as short |
| gTrade (Gains Network) POL/USD | L +0.0004% / S −0.0006% | 1h | 0.1119 | +0.127% | $22K | — | 150x | as long as short |
| Injective POL/USDC PERP | +0.0033% | 1h | 0.1111 | −0.617% | $3K | $124K | 12x | as long as short |
| dYdX POL-USD | +0.0038% | 1h | 0.1119 | +0.096% | $17K | $3K | 5x | as long as short |
| Lighter POL | +0.0096% | 1h | 0.1119 | +0.116% | $310K | $562K | 8x | as long as short |
| Hyperliquid POL | +0.0100% | 1h | 0.1121 | +0.322% | $7.6M | $4.6M | 5x | as long as short |
| Aster POLUSDT | +0.0100% | 4h | 0.1120 | +0.187% | $372K | $359K | 20x | as long as short |
Coinbase International POL-PERP-INTX
Kraken Futures PF_POLUSD
Orderly PERP_POL_USDC
Reya POLRUSDPERP
gTrade (Gains Network) POL/USD
Injective POL/USDC PERP
dYdX POL-USD
Lighter POL
Hyperliquid POL
Aster POLUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance POLUSDT | +0.0100% | 4h | 0.1119 | +0.099% | $17.1M | $51.8M | 75x | as long as short |
| Bybit POLUSDTshort | +0.0100% | 4h | 0.1119 | +0.063% | $16.1M | $16.4M | 75x | |
| OKX POL-USDT-SWAP | +0.0100% | 4h | 0.1119 | +0.054% | $5.8M | $12.2M | 50x | as long as short |
| Gate POL_USDT | +0.0100% | 4h | 0.1119 | +0.143% | $1.9M | $1.4M | 75x | as long as short |
| MEXC POL_USDT | +0.0100% | 4h | 0.1119 | +0.125% | $23.6M | $4.0M | 125x | as long as short |
| KuCoin POLUSDTM | +0.0100% | 4h | 0.1119 | +0.143% | $2.8M | $1.1M | 50x | as long as short |
| Bitget POLUSDT | +0.0100% | 4h | 0.1119 | +0.125% | $4.2M | $6.0M | 50x | as long as short |
| BingX POL-USDT | +0.0100% | 4h | 0.1119 | +0.054% | — | $7.2M | — | as long as short |
| Variational Omni POL | +0.0100% | 4h | 0.1120 | +0.201% | $662K | $211K | — | as long as short |
| GRVT POL_USDT_Perp | +0.0100% | 4h | 0.1119 | +0.124% | $1.1M | $3.4M | 10x | as long as short |
| ApeX Omni POLUSDT | +0.0100% | 1h | 0.1121 | +0.277% | $198K | $663K | 50x | as long as short |
| Extended POL-USD | +0.0104% | 1h | 0.1119 | +0.098% | $93K | $427K | 10x | as long as short |
| Aevo POL-PERP | +0.0104% | 1h | 0.1117 | −0.081% | $41K | — | 3x | as long as short |
| GMX POL/USD [ETH-USDC] | L +0.0211% / S −0.0606% | 1h | 0.1119 | +0.119% | $3K | — | 100x | as long as short |
| BloFin POL-USDTlong | +0.0340% | 4h | 0.1118 | long leg | $906K | $168K | 75x |
Binance POLUSDT
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
GMX POL/USD [ETH-USDC]