Funding you earn now, next payment 00:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.009%
Price spread now: Bitget against BingX+0.109%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1331.332% of the position
Funding, last 7 days+0.173%+$17 on $10k
+Price spread, last 4 days (all we have)−0.263%−$26 · spread now +0.109%, 7d avg −0.041%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.150% dearer against BingX than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PUNDIX-USDT | 0.1195 | 0.0070 | pay 0.0035% / 4h | 2h 52m | — | $1.2M | — |
| Short | Bitget PUNDIXUSDT | 0.1197 | 0.0100 | get 0.0050% / 4h | 2h 52m | $237K | $231K | 20x |
BingX PUNDIX-USDT
Bitget PUNDIXUSDTFunding 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
- $6.3
- Price spread: +0.109% → −0.041%
- $15
- Slippage, 4 orders
- −$111.16
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$111.87
- Costs to cover
- 1.332%
- Break-even
- 131.3 days
Slippage from BingX: live order book, 7 min ago; Bitget: live order book, 30 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, 7 min ago | 5.83 bp | 30.1 bp −$30 | 144.6 bp −$1,446 | 518.1 bp −$51.8K | 961.5 bp −$480.7K |
| Sell Bitget live order book, 30 min ago | 3.77 bp | 35.6 bp −$36 | 256.5 bp −$2,565 | doesn't fit | 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-USDTlong | +0.0070% | 4h | 0.1195 | long leg | — | $1.2M | — | |
| Binance PUNDIXUSDT | +0.0100% | 4h | 0.1196 | +0.045% | $1.4M | $1.7M | 50x | as long as short |
| Bybit PUNDIXUSDT | +0.0100% | 4h | 0.1196 | +0.092% | $778K | $386K | 20x | as long as short |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1194 | −0.109% | $38K | $5K | 20x | as long as short |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1196 | +0.075% | $2.4M | $104K | 50x | as long as short |
| Bitget PUNDIXUSDTshort | +0.0100% | 4h | 0.1197 | +0.109% | $237K | $231K | 20x | |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1200 | +0.368% | $88 | $59K | — | as long as short |
Binance PUNDIXUSDT
Bybit PUNDIXUSDT
Gate PUNDIX_USDT
MEXC PUNDIX_USDT
Variational Omni PUNDIX