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

PUNDIX

all PUNDIX markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget0.000%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$142as in the Price arb table
costs, in and out, $10k−$1441.437% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.081%−$8 on $10k
Price spread, last 4 days (all we have)−0.070%−$7 · spread now 0.000%, 7d avg −0.020%
Together, before fees−0.151%−$15 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PUNDIXUSDT0.11760.0100pay 0.0050% / 4h2h 20m$236K$240K20x
ShortBinance PUNDIXUSDT0.11760.0100get 0.0050% / 4h2h 20m$1.4M$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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: 0.000% → −0.020%
$1.97
Slippage, 4 orders
−$121.72
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$141.75
Costs to cover
1.437%
Break-even
never at this rate
Slippage from Bitget: live order book, 40 min ago; Binance: live order book, 14 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 Bitget live order book, 40 min ago3.81 bp41.2 bp −$41302.5 bp −$3,025doesn't fitdoesn't fit
Sell Binance live order book, 14 min ago2.96 bp37.7 bp −$38162.0 bp −$1,620doesn'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%4h0.1177+0.111%$1.2Mas long as short
Binance PUNDIXUSDTshort+0.0100%4h0.11760.000%$1.4M$1.8M50x
Bybit PUNDIXUSDT+0.0100%4h0.1177+0.136%$762K$436K20xas long as short
Gate PUNDIX_USDT+0.0100%4h0.1177+0.102%$37K$8K20xas long as short
MEXC PUNDIX_USDT+0.0100%4h0.1176−0.009%$2.4M$105K50xas long as short
Bitget PUNDIXUSDTlong+0.0100%4h0.1176long leg$236K$240K20x
Variational Omni PUNDIX+0.0100%4h0.1181+0.432%$2K$56Kas long as short