Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Bybit+0.009%7-day average −0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$230as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1731.730% of the position
Funding, last 7 days−0.571%−$57 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.009%, 7d avg −0.084%
=The price spread pays, funding is against you. BingX is 0.093% dearer against Bybit than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.084%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.571% in total) that is about 27 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PUNDIXUSDT | 0.1170 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $741K | $437K | 20x |
| Short | BingX PUNDIX-USDT | 0.1170 | 0.0070 | get 0.0035% / 4h | 2h 18m | — | $1.2M | — |
Bybit PUNDIXUSDT
BingX PUNDIX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$6.3
- Price spread: +0.009% → −0.084%
- $9.3
- Slippage, 4 orders
- −$152.03
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$170.02
- Costs to cover
- 1.730%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 26 min ago; BingX: live order book, 8 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, 26 min ago | 3.84 bp | 56.8 bp −$57 | 1384.8 bp −$13.8K | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.87 bp | 41.9 bp −$42 | 127.2 bp −$1,272 | 648.5 bp −$64.9K | 1138.3 bp −$569.2K |
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 | 0.1170 | +0.009% | — | $1.2M | — | |
| Binance PUNDIXUSDT | +0.0100% | 4h | 0.1169 | −0.051% | $1.3M | $1.7M | 50x | as long as short |
| Bybit PUNDIXUSDTlong | +0.0100% | 4h | 0.1170 | long leg | $741K | $437K | 20x | |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1169 | −0.077% | $37K | $10K | 20x | as long as short |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1169 | −0.051% | $2.3M | $106K | 50x | as long as short |
| Bitget PUNDIXUSDT | +0.0100% | 4h | 0.1170 | −0.026% | $227K | $218K | 20x | as long as short |
| Variational Omni PUNDIX | +0.0105% | 4h | 0.1168 | −0.159% | $85 | $41K | — | as long as short |
Binance PUNDIXUSDT
Gate PUNDIX_USDT
MEXC PUNDIX_USDT
Bitget PUNDIXUSDT
Variational Omni PUNDIX