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: Bybit against BingX−0.058%7-day average +0.081% · 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−$171as in the Price arb table
costs, in and out, $10k−$1571.573% of the position
Funding, last 7 days+0.669%+$67 on $10k
+Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.058%, 7d avg +0.081%
=Funding pays, the price is against you. Bybit is 0.139% cheaper against BingX than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.081%). If the spread goes back, that is −$14 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.669% in total) that is about 35 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX PUNDIX-USDT | 0.1200 | 0.0070 | pay 0.0035% / 4h | 3h 36m | — | $1.2M | — |
| Short | Bybit PUNDIXUSDT | 0.1199 | 0.0100 | get 0.0050% / 4h | 3h 36m | $780K | $411K | 20x |
BingX PUNDIX-USDT
Bybit PUNDIXUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $6.3
- Price spread: −0.058% → +0.081%
- −$13.93
- Slippage, 4 orders
- −$136.28
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$164.9
- Costs to cover
- 1.573%
- Break-even
- 190.2 days
Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 34 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, 4 min ago | 4.57 bp | 33.6 bp −$34 | 134.1 bp −$1,341 | 522.7 bp −$52.3K | 944.8 bp −$472.4K |
| Sell Bybit live order book, 34 min ago | 2.94 bp | 55.6 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
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-USDTlong | +0.0070% | 4h | 0.1200 | long leg | — | $1.2M | — | |
| Binance PUNDIXUSDT | +0.0100% | 4h | 0.1198 | −0.151% | $1.4M | $1.8M | 50x | as long as short |
| Bybit PUNDIXUSDTshort | +0.0100% | 4h | 0.1199 | −0.058% | $780K | $411K | 20x | |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1198 | −0.158% | $37K | $7K | 20x | as long as short |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1198 | −0.158% | $2.4M | $105K | 50x | as long as short |
| Bitget PUNDIXUSDT | +0.0100% | 4h | 0.1198 | −0.150% | $238K | $233K | 20x | as long as short |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1200 | −0.024% | $1K | $60K | — | as long as short |
Binance PUNDIXUSDT
Gate PUNDIX_USDT
MEXC PUNDIX_USDT
Bitget PUNDIXUSDT
Variational Omni PUNDIX