Funding you earn now, next payment 04:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.66 per $10,000 · paid last 24h −0.085%
Price spread now: Bitget against BingX−0.153%7-day average −0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$760.764% of the position
Funding, last 7 days−0.549%−$55 on $10k
+Price spread, last 7 days−0.002%$0 · spread now −0.153%, 7d avg −0.138%
=The price spread sits at its 7-day average of −0.138%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PI-USDT | 0.09144 | 0.0100 | pay 0.0050% / 4h | 49m 49s | — | $6.7M | — |
| Short | Bitget PIUSDT | 0.09130 | −0.0032 | pay 0.0016% / 4h | 49m 49s | $5.0M | $2.2M | 50x |
BingX PI-USDT
Bitget PIUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$27.72
- Price spread: −0.153% → −0.138%
- −$1.5
- Slippage, 4 orders
- −$54.39
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$105.62
- Costs to cover
- 0.764%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bitget: 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 BingX live order book, 2 min ago | 4.92 bp | 17.0 bp −$17 | 66.5 bp −$665 | 265.5 bp −$26.5K | 601.7 bp −$300.8K |
| Sell Bitget live order book, 3 min ago | 5.47 bp | 24.5 bp −$24 | 71.3 bp −$713 | doesn't fit | doesn't fit |
PI on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget PIUSDTshort | −0.0032% | 4h | 0.09130 | −0.153% | $5.0M | $2.2M | 50x | |
| Injective PI/USDC PERP | +0.0033% | 1h | 0.09090 | −0.591% | $1 | $75K | 5.5x | as long as short |
| OKX PI-USDT-SWAP | +0.0100% | 4h | 0.09148 | +0.044% | $2.6M | $7.3M | 20x | as long as short |
| Gate PI_USDT | +0.0100% | 4h | 0.09150 | +0.066% | $2.7M | $2.5M | 50x | as long as short |
| MEXC PI_USDT | +0.0100% | 4h | 0.09146 | +0.022% | $10.0M | $1.5M | 125x | as long as short |
| BingX PI-USDTlong | +0.0100% | 4h | 0.09144 | long leg | — | $6.7M | — |
Injective PI/USDC PERP
OKX PI-USDT-SWAP
Gate PI_USDT
MEXC PI_USDT