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: Bybit against Binance+0.045%7-day average +0.148% · 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−$184as in the Price arb table
costs, in and out, $10k−$1731.733% of the position
Funding, last 7 days+0.484%+$48 on $10k
+Price spread, last 4 days (all we have)+0.185%+$18 · spread now +0.045%, 7d avg +0.148%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.103% cheaper against Binance than usual: you would sell low and buy high, −$10 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 | Binance PUNDIXUSDT | 0.1187 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $1.4M | $1.7M | 50x |
| Short | Bybit PUNDIXUSDT | 0.1188 | 0.0100 | get 0.0050% / 4h | 1h 58m | $771K | $384K | 20x |
Binance PUNDIXUSDT
Bybit PUNDIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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: +0.045% → +0.148%
- −$10.33
- Slippage, 4 orders
- −$152.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$183.64
- Costs to cover
- 1.733%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Bybit: live order book, 21 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 Binance live order book, 5 min ago | 1.26 bp | 33.0 bp −$33 | 225.1 bp −$2,251 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 21 min ago | 3.77 bp | 53.4 bp −$53 | doesn't fit | 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 | 0.1187 | −0.056% | — | $1.2M | — | as long as short |
| Binance PUNDIXUSDTlong | +0.0100% | 4h | 0.1187 | long leg | $1.4M | $1.7M | 50x | |
| Bybit PUNDIXUSDTshort | +0.0100% | 4h | 0.1188 | +0.045% | $771K | $384K | 20x | |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1184 | −0.267% | $38K | $6K | 20x | as long as short |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1187 | −0.056% | $2.4M | $103K | 50x | as long as short |
| Bitget PUNDIXUSDT | +0.0100% | 4h | 0.1186 | −0.107% | $235K | $228K | 20x | as long as short |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1187 | +0.002% | $87 | $59K | — | as long as short |
BingX PUNDIX-USDT
Gate PUNDIX_USDT
MEXC PUNDIX_USDT
Bitget PUNDIXUSDT
Variational Omni PUNDIX