Funding you earn now, next payment 05:00 UTC+0.0290%/8h= +31.8% APRpaid last 24h +0.142%
Price spread now: BingX against Polymarket Perps+0.034%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1971.971% of the position
Funding, last 7 days+0.340%+$34 on $10k
+Price spread, last 7 days−0.021%−$2 · spread now +0.034%, 7d avg −0.044%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BingX is 0.078% dearer against Polymarket Perps than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.044%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps USELESS-USD | 0.2627 | 0.0100 | pay 0.0013% / 1h | 54m 33s | $27K | $229K | 3x |
| Short | BingX USELESS-USDT | 0.2627 | 0.0390 | get 0.0195% / 4h | 3h 54m | — | $5.3M | — |
Polymarket Perps USELESS-USD
BingX USELESS-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Polymarket Perps. 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
- $60.9
- Price spread: +0.034% → −0.044%
- $7.78
- Slippage, 4 orders
- −$179.08
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$128.4
- Costs to cover
- 1.971%
- Break-even
- 21.8 days
Slippage from Polymarket Perps: live order book, 62 min ago; BingX: live order book, 6 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 Polymarket Perps live order book, 62 min ago | 6.65 bp | 76.2 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 2.67 bp | 17.5 bp −$17 | 55.1 bp −$551 | 337.5 bp −$33.7K | doesn't fit |
USELESS on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter USELESS | +0.0096% | 1h | 0.2625 | −0.076% | $1.2M | $1.2M | 3x | as long as short |
| Pacifica USELESS | +0.0100% | 1h | 0.2625 | −0.057% | $28K | $47K | 3x | as long as short |
| Bybit USELESSUSDT | +0.0100% | 4h | 0.2624 | −0.099% | $24.8M | $48.4M | 13x | as long as short |
| Polymarket Perps USELESS-USDlong | +0.0100% | 1h | 0.2627 | long leg | $27K | $229K | 3x | |
| SunX USELESS-USDT | +0.0100% | 4h | 0.2624 | −0.084% | — | $1.4M | 10x | as long as short |
| HTX USELESS-USDT | +0.0100% | 4h | 0.2624 | −0.103% | $18K | $522K | 20x | as long as short |
| Phemex USELESSUSDT | +0.0100% | 4h | 0.2626 | −0.027% | $595K | $1.1M | 20x | as long as short |
| Gate USELESS_USDT | +0.0148% | 4h | 0.2621 | −0.206% | $6.5M | $8.6M | 50x | as long as short |
| OKX USELESS-USDT-SWAP | +0.0159% | 4h | 0.2625 | −0.061% | $8.9M | $63.8M | 10x | as long as short |
| Aevo USELESS-PERP | +0.0176% | 1h | 0.2611 | −0.582% | $9K | — | 3x | as long as short |
Lighter USELESS
Pacifica USELESS
Bybit USELESSUSDT
SunX USELESS-USDT
HTX USELESS-USDT
Phemex USELESSUSDT
Gate USELESS_USDT
OKX USELESS-USDT-SWAP
Aevo USELESS-PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USELESSUSDTM | +0.0216% | 4h | 0.2623 | −0.122% | $4.8M | $10.7M | 12x | as long as short |
| Bitget USELESSUSDT | +0.0236% | 4h | 0.2624 | −0.107% | $5.0M | $10.4M | 20x | as long as short |
| MEXC USELESS_USDT | +0.0366% | 4h | 0.2627 | +0.004% | $10.6M | $6.0M | 50x | as long as short |
| Extended USELESS-USD | +0.0368% | 1h | 0.2626 | −0.041% | $113K | $1.1M | 5x | as long as short |
| Binance USELESSUSDT | +0.0370% | 4h | 0.2627 | +0.031% | $21.8M | $121.9M | 50x | as long as short |
| edgeX USELESSUSDC | +0.0375% | 4h | 0.2614 | −0.464% | $19K | $196K | 10x | as long as short |
| BingX USELESS-USDTshort | +0.0390% | 4h | 0.2627 | +0.034% | — | $5.3M | — | |
| Aster USELESSUSDT | +0.0425% | 4h | 0.2622 | −0.172% | $520K | $2.4M | 10x | as long as short |
| Hyperliquid USELESS | +0.0547% | 1h | 0.2626 | −0.019% | $11.5M | $22.5M | 3x | as long as short |
| Variational Omni USELESS | +0.0591% | 4h | 0.2626 | −0.012% | $1.0M | $1.8M | — | as long as short |
| BloFin USELESS-USDT | +0.0611% | 4h | 0.2626 | −0.011% | $1.1M | $1.9M | 12x | as long as short |
| Orderly PERP_USELESS_USDC | +0.1303% | 4h | 0.2626 | −0.004% | $19K | $1.2M | 10x | as long as short |
| ApeX Omni USELESSUSDT | +0.1577% | 1h | 0.2616 | −0.404% | $33K | $694K | 25x | as long as short |
| Injective USELESS/USDC PERP | +0.5000% | 1h | 0.2779 | +5.787% | $5K | $11K | 5.5x | as long as short |
KuCoin USELESSUSDTM
Bitget USELESSUSDT
MEXC USELESS_USDT
Extended USELESS-USD
Binance USELESSUSDT
edgeX USELESSUSDC
Aster USELESSUSDT
Hyperliquid USELESS
Variational Omni USELESS
BloFin USELESS-USDT
Orderly PERP_USELESS_USDC
ApeX Omni USELESSUSDT
Injective USELESS/USDC PERP