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 MEXC+0.076%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1211.212% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 7 days−0.087%−$9 · spread now +0.076%, 7d avg +0.053%
=The price spread pays, funding is against you. BingX is 0.023% dearer against MEXC than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.053%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.6 days. At the pace of the last 7 days (−0.210% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC PUNDIX_USDT | 0.1181 | 0.0100 | pay 0.0050% / 4h | 1h 26m | $2.4M | $105K | 50x |
| Short | BingX PUNDIX-USDT | 0.1182 | 0.0070 | get 0.0035% / 4h | 1h 26m | — | $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: +0.076% → +0.053%
- $2.32
- Slippage, 4 orders
- −$107.18
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$125.16
- Costs to cover
- 1.212%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 5 min ago; BingX: live order book, 3 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, 5 min ago | 1.27 bp | 12.7 bp −$13 | 62.6 bp −$626 | 165.1 bp −$16.5K | doesn't fit |
| Sell BingX live order book, 3 min ago | 2.95 bp | 43.4 bp −$43 | 129.6 bp −$1,296 | 671.1 bp −$67.1K | 1214.1 bp −$607.1K |
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 | 0.1182 | +0.076% | — | $1.2M | — | |
| Binance PUNDIXUSDT | +0.0100% | 4h | 0.1181 | +0.003% | $1.4M | $1.8M | 50x | as long as short |
| Bybit PUNDIXUSDT | +0.0100% | 4h | 0.1183 | +0.178% | $754K | $454K | 20x | as long as short |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1180 | −0.093% | $37K | $9K | 20x | as long as short |
| MEXC PUNDIX_USDTlong | +0.0100% | 4h | 0.1181 | long leg | $2.4M | $105K | 50x | |
| Bitget PUNDIXUSDT | +0.0100% | 4h | 0.1182 | +0.051% | $231K | $234K | 20x | as long as short |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1187 | +0.525% | $2K | $59K | — | as long as short |
Binance PUNDIXUSDT
Bybit PUNDIXUSDT
Gate PUNDIX_USDT
Bitget PUNDIXUSDT
Variational Omni PUNDIX