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: Bybit against BingX−0.017%7-day average +0.082% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1801.803% of the position
Funding, last 7 days+0.631%+$63 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.017%, 7d avg +0.082%
=Funding pays, the price is against you. Bybit is 0.099% cheaper against BingX than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.082%). If the spread goes back, that is −$10 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.631% in total) that is about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PUNDIX-USDT | 0.1193 | 0.0070 | pay 0.0035% / 4h | 2h 36m | — | $1.2M | — |
| Short | Bybit PUNDIXUSDT | 0.1193 | 0.0100 | get 0.0050% / 4h | 2h 36m | $775K | $383K | 20x |
BingX PUNDIX-USDT
Bybit PUNDIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.017% → +0.082%
- −$9.87
- Slippage, 4 orders
- −$159.35
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$183.92
- Costs to cover
- 1.803%
- Break-even
- 211.4 days
Slippage from BingX: live order book, 9 min ago; Bybit: live order book, 48 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, 9 min ago | 5.03 bp | 35.9 bp −$36 | 143.7 bp −$1,437 | 566.5 bp −$56.6K | 1034.9 bp −$517.5K |
| Sell Bybit live order book, 48 min ago | 5.44 bp | 53.4 bp −$53 | doesn't fit | 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 | 0.1193 | long leg | — | $1.2M | — | |
| Binance PUNDIXUSDT | +0.0100% | 4h | 0.1193 | −0.033% | $1.4M | $1.7M | 50x | as long as short |
| Bybit PUNDIXUSDTshort | +0.0100% | 4h | 0.1193 | −0.017% | $775K | $383K | 20x | |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1190 | −0.251% | $38K | $5K | 20x | as long as short |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1192 | −0.067% | $2.4M | $105K | 50x | as long as short |
| Bitget PUNDIXUSDT | +0.0100% | 4h | 0.1191 | −0.134% | $235K | $228K | 20x | as long as short |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1198 | +0.415% | $87 | $59K | — | as long as short |
Binance PUNDIXUSDT
Gate PUNDIX_USDT
MEXC PUNDIX_USDT
Bitget PUNDIXUSDT
Variational Omni PUNDIX