Settings8H · net · $10k
Funding arb · Price arb /

PUNDIX

all PUNDIX markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit−0.008%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$244as in the Funding arb table
Net, price: spread back to 7d avg − costs−$187as in the Price arb table
costs, in and out, $10k−$1991.989% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.453%−$45 on $10k
Price spread, last 3 days (all we have)−0.164%−$16 · spread now −0.008%, 7d avg −0.124%
Together, before fees−0.617%−$62 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.116% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.124%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PUNDIXUSDT0.11940.0100pay 0.0050% / 4h30m 45s$783K$386K20x
ShortBitget PUNDIXUSDT0.11940.0100get 0.0050% / 4h30m 45s$238K$225K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.008% → −0.124%
$11.6
Slippage, 4 orders
−$175.94
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$187.34
Costs to cover
1.989%
Break-even
never at this rate
Slippage from Bybit: live order book, 6 min ago; Bitget: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 6 min ago2.10 bp61.4 bp −$61doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago4.62 bp49.2 bp −$49283.2 bp −$2,832doesn't fitdoesn't fit

PUNDIX on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX PUNDIX-USDT+0.0070%4h0.1193−0.126%$1.2Mas long as short
Binance PUNDIXUSDT+0.0100%4h0.1193−0.120%$1.4M$1.6M50xas long as short
Bybit PUNDIXUSDTlong+0.0100%4h0.1194long leg$783K$386K20x
Gate PUNDIX_USDT+0.0100%4h0.1189−0.427%$38K$5K20xas long as short
MEXC PUNDIX_USDT+0.0100%4h0.1192−0.134%$2.4M$105K50xas long as short
Bitget PUNDIXUSDTshort+0.0100%4h0.1194−0.008%$238K$225K20x
Variational Omni PUNDIX+0.0100%4h0.1191−0.221%$86$59Kas long as short