Funding you earn now, next payment 04:00 UTC−0.0682%/8h= −74.7% APRnext payment −$3.41 per $10,000 · paid last 24h −0.124%
Price spread now: Gate against BingX+0.219%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1881.884% of the position
Funding, last 7 days−1.215%−$122 on $10k
+Price spread, last 7 days−0.067%−$7 · spread now +0.219%, 7d avg +0.005%
=The price spread pays, funding is against you. Gate is 0.214% dearer against BingX than usual: you sell high and buy low (spread +0.219% now, against its 7-day average of +0.005%): +$21 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CNPY-USDT | 0.4108 | 0.0782 | pay 0.0391% / 4h | 1h 22m | — | $1.4M | — |
| Short | Gate CNPY_USDT | 0.4117 | 0.0100 | get 0.0050% / 4h | 1h 22m | $1.1M | $4.2M | 20x |
BingX CNPY-USDT
Gate CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$143.22
- Price spread: +0.219% → +0.005%
- $21.4
- Slippage, 4 orders
- −$163.37
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$310.19
- Costs to cover
- 1.884%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Gate: live order book, 6 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, 9 min ago | 2.42 bp | 29.1 bp −$29 | 105.8 bp −$1,058 | 883.6 bp −$88.4K | 1238.1 bp −$619.1K |
| Sell Gate live order book, 6 min ago | 3.66 bp | 51.1 bp −$51 | doesn't fit | 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_USDTshort | +0.0100% | 4h | 0.4117 | +0.219% | $1.1M | $4.2M | 20x | |
| BloFin CNPY-USDT | +0.0781% | 4h | 0.4117 | +0.219% | $69K | $257K | 20x | as long as short |
| BingX CNPY-USDTlong | +0.0782% | 4h | 0.4108 | long leg | — | $1.4M | — | |
| MEXC CNPY_USDT | +0.0812% | 4h | 0.4123 | +0.365% | $1.2M | $632K | 20x | as long as short |
| OKX CNPY-USDT-SWAP | +0.0845% | 4h | 0.4130 | +0.536% | $1.4M | $18.1M | 20x | as long as short |
BloFin CNPY-USDT
MEXC CNPY_USDT
OKX CNPY-USDT-SWAP