Settings8H · net · $10k
Funding arb · Price arb /

PUNDIX

all PUNDIX markets
SwapBacktest
Alert: funding
Alert: spread
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: Variational Omni against BingX−0.243%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories
Funding pays, the price is against you. Variational Omni is 0.243% cheaper against BingX than usual: you would sell low and buy high (spread −0.243% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 27 days of funding at the current rate (+$1 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX PUNDIX-USDT0.11920.0070pay 0.0035% / 4h1h 53m$1.2M
ShortVariational Omni PUNDIX0.11890.0100get 0.0050% / 4h1h 53m$86$59K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
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: −0.243% → 0.000%
−$24.33
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$28.03
Costs to cover
0.100%
Break-even
38.1 days
Slippage unknown: BingX: live order book, 2 min ago; Variational Omni: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago4.62 bp37.6 bp −$38151.5 bp −$1,515614.2 bp −$61.4K1092.1 bp −$546.0K
Sell Variational Omni no order-book sample
Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PUNDIX on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PUNDIX-USDTlong+0.0070%4h0.1192long leg$1.2M
Binance PUNDIXUSDT+0.0100%4h0.1190−0.168%$1.4M$1.7M50xas long as short
Bybit PUNDIXUSDT+0.0100%4h0.1192−0.017%$774K$390K20xas long as short
Gate PUNDIX_USDT+0.0100%4h0.1190−0.201%$38K$6K20xas long as short
MEXC PUNDIX_USDT+0.0100%4h0.1190−0.193%$2.4M$104K50xas long as short
Bitget PUNDIXUSDT+0.0100%4h0.1190−0.218%$246K$234K20xas long as short
Variational Omni PUNDIXshort+0.0100%4h0.1189−0.243%$86$59K