Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit−0.092%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1781.777% of the position
Funding, last 7 days−0.484%−$48 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now −0.092%, 7d avg −0.148%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.056% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.148%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PUNDIXUSDT | 0.1192 | 0.0100 | pay 0.0050% / 4h | 2h 30m | $775K | $383K | 20x |
| Short | Binance PUNDIXUSDT | 0.1191 | 0.0100 | get 0.0050% / 4h | 2h 30m | $1.4M | $1.7M | 50x |
Bybit PUNDIXUSDT
Binance PUNDIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $0
- Price spread: −0.092% → −0.148%
- $5.57
- Slippage, 4 orders
- −$156.74
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$172.17
- Costs to cover
- 1.777%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 54 min ago; Binance: live order book, 3 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 Bybit live order book, 54 min ago | 5.44 bp | 59.3 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 2.10 bp | 34.8 bp −$35 | 180.4 bp −$1,804 | 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-USDT | +0.0070% | 4h | 0.1193 | +0.025% | — | $1.2M | — | as long as short |
| Binance PUNDIXUSDTshort | +0.0100% | 4h | 0.1191 | −0.092% | $1.4M | $1.7M | 50x | |
| Bybit PUNDIXUSDTlong | +0.0100% | 4h | 0.1192 | long leg | $775K | $383K | 20x | |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1190 | −0.210% | $38K | $5K | 20x | as long as short |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1191 | −0.092% | $2.4M | $105K | 50x | as long as short |
| Bitget PUNDIXUSDT | +0.0100% | 4h | 0.1192 | −0.008% | $235K | $229K | 20x | as long as short |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1194 | +0.101% | $87 | $59K | — | as long as short |
BingX PUNDIX-USDT
Gate PUNDIX_USDT
MEXC PUNDIX_USDT
Bitget PUNDIXUSDT
Variational Omni PUNDIX