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

PUNDIX

all PUNDIX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against MEXC−0.095%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1051.052% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.154%+$15 on $10k
Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.095%, 7d avg +0.009%
Together, before fees+0.158%+$16 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 0.105% cheaper against MEXC than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC PUNDIX_USDT0.11540.0100pay 0.0050% / 4h47m 03s$2.3M$112K50x
ShortBitget PUNDIXUSDT0.11530.0100get 0.0050% / 4h47m 03s$217K$192K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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: −0.095% → +0.009%
−$10.45
Slippage, 4 orders
−$89.23
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$115.68
Costs to cover
1.052%
Break-even
never at this rate
Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 51 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 MEXC live order book, 3 min ago0.87 bp16.9 bp −$1762.0 bp −$620174.6 bp −$17.5Kdoesn't fit
Sell Bitget live order book, 51 min ago5.58 bp26.6 bp −$27220.0 bp −$2,200doesn't fitdoesn't fit

PUNDIX on 7 exchanges

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%4h0.1153−0.087%$1.2Mas long as short
Binance PUNDIXUSDT+0.0100%4h0.1154−0.025%$1.3M$1.6M50xas long as short
Bybit PUNDIXUSDT+0.0100%4h0.1154+0.043%$712K$435K20xas long as short
Gate PUNDIX_USDT+0.0100%4h0.1151−0.260%$36K$11K20xas long as short
MEXC PUNDIX_USDTlong+0.0100%4h0.1154long leg$2.3M$112K50x
Bitget PUNDIXUSDTshort+0.0100%4h0.1153−0.095%$217K$192K20x
Variational Omni PUNDIX+0.0100%4h0.1156+0.134%$84$40Kas long as short