Funding you earn now, next payment 04:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.63 per $10,000 · paid last 24h +0.085%
Price spread now: BingX against Bitget+0.022%7-day average +0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$800.803% of the position
Funding, last 7 days+0.549%+$55 on $10k
+Price spread, last 7 days+0.133%+$13 · spread now +0.022%, 7d avg +0.138%
=Funding pays, the price is against you. BingX is 0.116% cheaper against Bitget than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.138%). If the spread goes back, that is −$12 on $10k: about 3.1 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.549% in total) that is about 36 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PIUSDT | 0.09130 | −0.0026 | get 0.0013% / 4h | 44m 52s | $5.0M | $2.1M | 50x |
| Short | BingX PI-USDT | 0.09132 | 0.0100 | get 0.0050% / 4h | 44m 52s | — | $6.7M | — |
Bitget PIUSDT
BingX PI-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- $26.46
- Price spread: +0.022% → +0.138%
- −$11.62
- Slippage, 4 orders
- −$58.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$65.49
- Costs to cover
- 0.803%
- Break-even
- 24.3 days
Slippage from Bitget: live order book, 3 min ago; BingX: live order book, 7 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 Bitget live order book, 3 min ago | 5.49 bp | 18.3 bp −$18 | 58.6 bp −$586 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.92 bp | 18.7 bp −$19 | 69.1 bp −$691 | 252.7 bp −$25.3K | 600.4 bp −$300.2K |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDTlong | −0.0026% | 4h | 0.09130 | long leg | $5.0M | $2.1M | 50x | |
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | −0.438% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09125 | −0.055% | $2.6M | $7.2M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09130 | 0.000% | $2.6M | $2.5M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09130 | 0.000% | $10.0M | $1.5M | 125x | as long as short |
| BingX PI-USDTshort | +0.0100% | 4h | 0.09132 | +0.022% | — | $6.7M | — |
Injective PI/USDC PERP
OKX PI-USDT-SWAP
Gate PI_USDT
MEXC PI_USDT