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 Bybit−0.087%7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1591.591% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.218%−$22 on $10k
Price spread, last 4 days (all we have)−0.097%−$10 · spread now −0.087%, 7d avg −0.128%
Together, before fees−0.315%−$32 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 0.041% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.128%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit PUNDIXUSDT0.11540.0100pay 0.0050% / 4h47m 37s$712K$435K20x
ShortBitget PUNDIXUSDT0.11530.0100get 0.0050% / 4h47m 37s$217K$192K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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: −0.087% → −0.128%
$4.11
Slippage, 4 orders
−$136.12
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$155.01
Costs to cover
1.591%
Break-even
never at this rate
Slippage from Bybit: live order book, 55 min ago; Bitget: live order book, 50 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 Bybit live order book, 55 min ago1.71 bp45.7 bp −$462168.7 bp −$21.7Kdoesn't fitdoesn't fit
Sell Bitget live order book, 50 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%4h0.1153−0.078%$1.2Mas long as short
Binance PUNDIXUSDT+0.0100%4h0.1154−0.004%$1.3M$1.6M50xas long as short
Bybit PUNDIXUSDTlong+0.0100%4h0.1154long leg$712K$435K20x
Gate PUNDIX_USDT+0.0100%4h0.1151−0.251%$36K$11K20xas long as short
MEXC PUNDIX_USDT+0.0100%4h0.1154−0.017%$2.3M$112K50xas long as short
Bitget PUNDIXUSDTshort+0.0100%4h0.1153−0.087%$217K$192K20x
Variational Omni PUNDIX+0.0100%4h0.1156+0.142%$84$40Kas long as short