Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Bitget−0.068%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1431.433% of the position
Funding, last 7 days−0.302%−$30 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.068%, 7d avg +0.042%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.110% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.042%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PUNDIXUSDT | 0.1176 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $236K | $235K | 20x |
| Short | BingX PUNDIX-USDT | 0.1176 | 0.0070 | get 0.0035% / 4h | 1h 58m | — | $1.2M | — |
Bitget PUNDIXUSDT
BingX PUNDIX-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
- −$6.3
- Price spread: −0.068% → +0.042%
- −$11
- Slippage, 4 orders
- −$121.28
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$160.58
- Costs to cover
- 1.433%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 61 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 Bitget live order book, 61 min ago | 3.81 bp | 41.2 bp −$41 | 302.5 bp −$3,025 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 5.10 bp | 33.9 bp −$34 | 130.9 bp −$1,309 | 626.4 bp −$62.6K | 1132.1 bp −$566.1K |
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 | 0.1176 | −0.068% | — | $1.2M | — | |
| Binance PUNDIXUSDT | +0.0100% | 4h | 0.1176 | −0.017% | $1.4M | $1.8M | 50x | as long as short |
| Bybit PUNDIXUSDT | +0.0100% | 4h | 0.1177 | +0.085% | $753K | $453K | 20x | as long as short |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1175 | −0.119% | $37K | $9K | 20x | as long as short |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1176 | −0.043% | $2.4M | $103K | 50x | as long as short |
| Bitget PUNDIXUSDTlong | +0.0100% | 4h | 0.1176 | long leg | $236K | $235K | 20x | |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1177 | +0.046% | $2K | $57K | — | as long as short |
Binance PUNDIXUSDT
Bybit PUNDIXUSDT
Gate PUNDIX_USDT
MEXC PUNDIX_USDT
Variational Omni PUNDIX