Funding you earn now, next payment 04:00 UTC+0.0232%/8h= +25.4% APRnext payment +$1.16 per $10,000 · paid last 24h +0.085%
Price spread now: BingX against Bitget+0.218%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$700.698% of the position
Funding, last 7 days+0.549%+$55 on $10k
+Price spread, last 7 days−0.066%−$7 · spread now +0.218%, 7d avg +0.138%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.080% dearer against Bitget than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.138%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PIUSDT | 0.09170 | −0.0132 | get 0.0066% / 4h | 1h 21m | $5.0M | $2.1M | 50x |
| Short | BingX PI-USDT | 0.09190 | 0.0100 | get 0.0050% / 4h | 1h 21m | — | $6.6M | — |
Bitget PIUSDT
BingX PI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- $48.72
- Price spread: +0.218% → +0.138%
- $8.03
- Slippage, 4 orders
- −$47.85
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$13.1
- Costs to cover
- 0.698%
- Break-even
- 8.9 days
Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago | 5.46 bp | 19.3 bp −$19 | 52.3 bp −$523 | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 3.83 bp | 17.3 bp −$17 | 67.6 bp −$676 | 255.7 bp −$25.6K | 575.1 bp −$287.6K |
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 PIUSDTlong | −0.0132% | 4h | 0.09170 | long leg | $5.0M | $2.1M | 50x | |
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | −0.872% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09192 | +0.240% | $2.6M | $7.2M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09190 | +0.218% | $2.7M | $2.5M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09190 | +0.218% | $10.0M | $1.5M | 125x | as long as short |
| BingX PI-USDTshort | +0.0100% | 4h | 0.09190 | +0.218% | — | $6.6M | — |
Injective PI/USDC PERP
OKX PI-USDT-SWAP
Gate PI_USDT
MEXC PI_USDT