Funding you earn now, next payment 00:00 UTC−0.0476%/8h= −52.1% APRnext payment −$2.38 per $10,000 · paid last 24h −0.065%
Price spread now: Bitget against BingX−0.277%7-day average −0.136% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$820.823% of the position
Funding, last 7 days−0.528%−$53 on $10k
+Price spread, last 7 days+0.144%+$14 · spread now −0.277%, 7d avg −0.136%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bitget is 0.141% cheaper against BingX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.136%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PI-USDT | 0.09035 | 0.0100 | pay 0.0050% / 4h | 15m 59s | — | $6.6M | — |
| Short | Bitget PIUSDT | 0.09010 | −0.0376 | pay 0.0188% / 4h | 15m 59s | $4.9M | $1.7M | 50x |
BingX PI-USDT
Bitget PIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$99.96
- Price spread: −0.277% → −0.136%
- −$14.08
- Slippage, 4 orders
- −$60.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$196.3
- Costs to cover
- 0.823%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Bitget: live order book, 2 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 BingX live order book, 6 min ago | 3.88 bp | 19.3 bp −$19 | 61.1 bp −$611 | 282.5 bp −$28.3K | 628.8 bp −$314.4K |
| Sell Bitget live order book, 2 min ago | 5.56 bp | 21.9 bp −$22 | 48.4 bp −$484 | doesn't fit | doesn't fit |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDTshort | −0.0376% | 4h | 0.09010 | −0.277% | $4.9M | $1.7M | 50x | |
| Injective PI/USDC PERP | +0.0060% | 1h | 0.09090 | +0.609% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09035 | 0.000% | $2.7M | $6.0M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09040 | +0.055% | $2.7M | $2.1M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09036 | +0.011% | $9.2M | $1.3M | 125x | as long as short |
| BingX PI-USDTlong | +0.0100% | 4h | 0.09035 | long leg | — | $6.6M | — |
Injective PI/USDC PERP
OKX PI-USDT-SWAP
Gate PI_USDT
MEXC PI_USDT