Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h +0.020%
Price spread now: OKX against BingX+0.097%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$306as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1291.288% of the position
Funding, last 7 days−1.773%−$177 on $10k
+Price spread, last 7 days−0.004%$0 · spread now +0.097%, 7d avg −0.016%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.113% dearer against BingX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.016%. Mind the row above: over the last 7 days funding on this pair cost −1.773%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CNPY-USDT | 0.4124 | 0.0844 | pay 0.0422% / 4h | 1h 42m | — | $1.4M | — |
| Short | OKX CNPY-USDT-SWAP | 0.4128 | 0.0884 | get 0.0442% / 4h | 1h 42m | $1.4M | $18.2M | 20x |
BingX CNPY-USDT
OKX CNPY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $8.45
- Price spread: +0.097% → −0.016%
- $11.31
- Slippage, 4 orders
- −$108.83
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$109.06
- Costs to cover
- 1.288%
- Break-even
- 97.3 days
Slippage from BingX: live order book, 3 min ago; OKX: live order book, 1 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 | 3.64 bp | 27.5 bp −$28 | 92.1 bp −$921 | 851.6 bp −$85.2K | 1233.9 bp −$616.9K |
| Sell OKX live order book, 1 min ago | 2.42 bp | 37.0 bp −$37 | 135.8 bp −$1,358 | 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 | 0.4121 | −0.073% | $1.1M | $4.2M | 20x | as long as short |
| BloFin CNPY-USDT | +0.0836% | 4h | 0.4131 | +0.170% | $69K | $258K | 20x | as long as short |
| BingX CNPY-USDTlong | +0.0844% | 4h | 0.4124 | long leg | — | $1.4M | — | |
| MEXC CNPY_USDT | +0.0876% | 4h | 0.4125 | +0.024% | $1.2M | $631K | 20x | as long as short |
| OKX CNPY-USDT-SWAPshort | +0.0884% | 4h | 0.4128 | +0.097% | $1.4M | $18.2M | 20x |
Gate CNPY_USDT
BloFin CNPY-USDT
MEXC CNPY_USDT