Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Binance+0.391%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$1221.224% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 7 days−0.378%−$38 · spread now +0.391%, 7d avg +0.054%
=The price spread pays, funding is against you. BingX is 0.336% dearer against Binance than usual: you sell high and buy low (spread +0.391% now, against its 7-day average of +0.054%): +$34 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 37 days. At the pace of the last 7 days (−0.221% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PUNDIXUSDT | 0.1198 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $1.4M | $1.8M | 50x |
| Short | BingX PUNDIX-USDT | 0.1203 | 0.0070 | get 0.0035% / 4h | 3h 39m | — | $1.2M | — |
Binance PUNDIXUSDT
BingX PUNDIX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Binance. 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
- −$6.3
- Price spread: +0.391% → +0.054%
- $33.63
- Slippage, 4 orders
- −$102.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$95.07
- Costs to cover
- 1.224%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; BingX: live order book, 1 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 Binance live order book, 10 min ago | 3.76 bp | 27.0 bp −$27 | 211.9 bp −$2,119 | doesn't fit | doesn't fit |
| Sell BingX live order book, 1 min ago | 4.57 bp | 29.5 bp −$29 | 102.1 bp −$1,021 | 672.6 bp −$67.3K | doesn't fit |
PUNDIX on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX PUNDIX-USDTshort | +0.0070% | 4h | 0.1203 | +0.391% | — | $1.2M | — | |
| Binance PUNDIXUSDTlong | +0.0100% | 4h | 0.1198 | long leg | $1.4M | $1.8M | 50x | |
| Bybit PUNDIXUSDT | +0.0100% | 4h | 0.1203 | +0.357% | $782K | $412K | 20x | as long as short |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1199 | +0.049% | $37K | $7K | 20x | as long as short |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1199 | +0.032% | $2.4M | $104K | 50x | as long as short |
| Bitget PUNDIXUSDT | +0.0100% | 4h | 0.1201 | +0.174% | $239K | $233K | 20x | as long as short |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1204 | +0.438% | $1K | $60K | — | as long as short |
Bybit PUNDIXUSDT
Gate PUNDIX_USDT
MEXC PUNDIX_USDT
Bitget PUNDIXUSDT
Variational Omni PUNDIX