Funding you earn now, next payment 12:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against MEXC+0.008%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1091.091% of the position
Funding, last 7 days−0.159%−$16 on $10k
+Price spread, last 7 days−0.011%−$1 · spread now +0.008%, 7d avg +0.054%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.045% cheaper against MEXC than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.054%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PUNDIX_USDT | 0.1178 | 0.0100 | pay 0.0050% / 4h | 3h 03m | $2.4M | $105K | 50x |
| Short | BingX PUNDIX-USDT | 0.1178 | 0.0070 | get 0.0035% / 4h | 3h 03m | — | $1.2M | — |
MEXC PUNDIX_USDT
BingX PUNDIX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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: +0.008% → +0.054%
- −$4.54
- Slippage, 4 orders
- −$95.14
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$119.99
- Costs to cover
- 1.091%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 2 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 MEXC live order book, 3 min ago | 2.12 bp | 27.6 bp −$28 | 68.2 bp −$682 | 141.8 bp −$14.2K | doesn't fit |
| Sell BingX live order book, 2 min ago | 3.39 bp | 36.1 bp −$36 | 120.4 bp −$1,204 | 722.4 bp −$72.2K | 1275.7 bp −$637.9K |
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 | 0.1178 | +0.008% | — | $1.2M | — | |
| Binance PUNDIXUSDT | +0.0100% | 4h | 0.1177 | −0.025% | $1.3M | $1.7M | 50x | as long as short |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1175 | −0.238% | $37K | $11K | 20x | as long as short |
| MEXC PUNDIX_USDTlong | +0.0100% | 4h | 0.1178 | long leg | $2.4M | $105K | 50x | |
| Bitget PUNDIXUSDT | +0.0100% | 4h | 0.1178 | 0.000% | $222K | $215K | 20x | as long as short |
| Variational Omni PUNDIX | +0.0336% | 4h | 0.1180 | +0.208% | $86 | $39K | — | as long as short |
| Bybit PUNDIXUSDT | +0.0517% | 4h | 0.1180 | +0.187% | $750K | $425K | 20x | as long as short |
Binance PUNDIXUSDT
Gate PUNDIX_USDT
Bitget PUNDIXUSDT
Variational Omni PUNDIX
Bybit PUNDIXUSDT