Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.017%
Price spread now: BloFin against BingX+0.072%7-day average −0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$411as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1341.339% of the position
Funding, last 7 days−2.775%−$278 on $10k
+Price spread, last 4 days (all we have)−1.249%−$125 · spread now +0.072%, 7d avg −0.140%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.212% dearer against BingX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.140%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CNPY-USDT | 0.4192 | 0.1156 | pay 0.0578% / 4h | 58m 54s | — | $1.4M | — |
| Short | BloFin CNPY-USDT | 0.4195 | 0.1155 | get 0.0577% / 4h | 58m 54s | $74K | $262K | 20x |
BingX CNPY-USDT
BloFin CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$0.23
- Price spread: +0.072% → −0.140%
- $21.2
- Slippage, 4 orders
- −$111.9
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$112.93
- Costs to cover
- 1.339%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; BloFin: live order book, 13 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, 3 min ago | 3.58 bp | 39.4 bp −$39 | 114.8 bp −$1,148 | 1089.9 bp −$109.0K | 1341.5 bp −$670.7K |
| Sell BloFin live order book, 13 min ago | 2.36 bp | 45.9 bp −$46 | 103.4 bp −$1,034 | doesn't fit | doesn't fit |
CNPY on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CNPY_USDT | +0.0100% | 4h | 0.4191 | −0.024% | $1.1M | $1.9M | 20x | as long as short |
| BloFin CNPY-USDTshort | +0.1155% | 4h | 0.4195 | +0.072% | $74K | $262K | 20x | |
| BingX CNPY-USDTlong | +0.1156% | 4h | 0.4192 | long leg | — | $1.4M | — | |
| OKX CNPY-USDT-SWAP | +0.1173% | 4h | 0.4194 | +0.048% | $1.5M | $18.5M | 20x | as long as short |
| MEXC CNPY_USDT | +0.1184% | 4h | 0.4192 | 0.000% | $1.1M | $561K | 20x | as long as short |
Gate CNPY_USDT
OKX CNPY-USDT-SWAP
MEXC CNPY_USDT