Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.009%
Price spread now: BingX against Bitget+0.084%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1271.270% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.084%, 7d avg +0.042%
=The price spread pays, funding is against you. BingX is 0.042% dearer against Bitget than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.042%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.7 days. At the pace of the last 7 days (−0.173% in total) that is about 41 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget PUNDIXUSDT | 0.1191 | 0.0100 | pay 0.0050% / 4h | 1h 20m | $245K | $230K | 20x |
| Short | BingX PUNDIX-USDT | 0.1192 | 0.0070 | get 0.0035% / 4h | 1h 20m | — | $1.2M | — |
Bitget PUNDIXUSDT
BingX PUNDIX-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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: +0.084% → +0.042%
- $4.24
- Slippage, 4 orders
- −$105.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$129.11
- Costs to cover
- 1.270%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 54 min ago; BingX: live order book, 10 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 Bitget live order book, 54 min ago | 1.26 bp | 46.2 bp −$46 | 239.7 bp −$2,397 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 3.79 bp | 36.2 bp −$36 | 113.6 bp −$1,136 | 692.5 bp −$69.3K | 1234.5 bp −$617.3K |
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 | 0.1192 | +0.084% | — | $1.2M | — | |
| Binance PUNDIXUSDT | +0.0100% | 4h | 0.1191 | +0.075% | $1.4M | $1.7M | 50x | as long as short |
| Bybit PUNDIXUSDT | +0.0100% | 4h | 0.1192 | +0.134% | $773K | $386K | 20x | as long as short |
| Gate PUNDIX_USDT | +0.0100% | 4h | 0.1190 | −0.042% | $38K | $6K | 20x | as long as short |
| MEXC PUNDIX_USDT | +0.0100% | 4h | 0.1191 | +0.034% | $2.4M | $106K | 50x | as long as short |
| Bitget PUNDIXUSDTlong | +0.0100% | 4h | 0.1191 | long leg | $245K | $230K | 20x | |
| Variational Omni PUNDIX | +0.0100% | 4h | 0.1190 | −0.084% | $686 | $60K | — | as long as short |
Binance PUNDIXUSDT
Bybit PUNDIXUSDT
Gate PUNDIX_USDT
MEXC PUNDIX_USDT
Variational Omni PUNDIX