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: BingX against Gate−0.051%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.051% cheaper against Gate than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate PUNDIX_USDT | 0.1187 | 0.0100 | pay 0.0050% / 4h | 2h 02m | $38K | $6K | 20x |
| Short | BingX PUNDIX-USDT | 0.1186 | 0.0070 | get 0.0035% / 4h | 2h 02m | — | $1.2M | — |
Gate PUNDIX_USDT
BingX PUNDIX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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: −0.051% → 0.000%
- −$5.05
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$36.35
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: no order-book sample; BingX: live order book, 12 min ago. Net counts fees only.
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 Gate no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 12 min ago | 4.19 bp | 36.2 bp −$36 | 109.9 bp −$1,099 | 730.2 bp −$73.0K | doesn't fit |
Gate: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PUNDIX-USDTshort | +0.0070% | 4h | 0.1186 | −0.051% | — | $1.2M | — | |
| Binance PUNDIXUSDT | +0.0100% | 4h | 0.1186 | −0.051% | $1.4M | $1.7M | 50x | as long as short |
| Bybit PUNDIXUSDT | +0.0100% | 4h | 0.1187 | −0.017% | $770K | $384K | 20x | as long as short |
| Gate PUNDIX_USDTlong | +0.0100% | 4h | 0.1187 | long leg | $38K | $6K | 20x | |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1187 | −0.042% | $2.4M | $107K | 50x | as long as short |
| Bitget PUNDIXUSDT | +0.0100% | 4h | 0.1187 | −0.025% | $235K | $228K | 20x | as long as short |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1190 | +0.286% | $87 | $59K | — | as long as short |
Binance PUNDIXUSDT
Bybit PUNDIXUSDT
MEXC PUNDIX_USDT
Bitget PUNDIXUSDT
Variational Omni PUNDIX