Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.14 per $10,000 · paid last 24h −0.038%
Price spread now: BingX against BloFin+0.350%96s7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs+$172as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1301.299% of the position
Funding, last 7 days+3.014%+$301 on $10k
+Price spread, last 3 days (all we have)+1.572%+$157 · spread now +0.350%, 7d avg +0.133%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.217% dearer against BloFin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.133%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CNPY-USDT | 0.4003 | 0.0073 | pay 0.0036% / 4h | 1h 43m | $61K | $233K | 20x |
| Short | BingX CNPY-USDT | 0.4017 | 0.0100 | get 0.0050% / 4h | 1h 43m | — | $1.4M | — |
BloFin CNPY-USDT
BingX CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $5.77
- Price spread: +0.350% → +0.133%
- $21.71
- Slippage, 4 orders
- −$107.9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$102.42
- Costs to cover
- 1.299%
- Break-even
- 131.2 days
Slippage from BloFin: live order book, 32 min ago; BingX: live order book, 3 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 BloFin live order book, 32 min ago | 2.52 bp | 22.5 bp −$23 | 96.9 bp −$969 | doesn't fit | doesn't fit |
| Sell BingX live order book, 3 min ago | 2.49 bp | 39.2 bp −$39 | 123.1 bp −$1,231 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CNPY-USDTlong | +0.0073% | 4h | 0.4003 | long leg | $61K | $233K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0100% | 4h | 0.4006 | +0.075% | $1.3M | $18.0M | 20x | as long as short |
| Gate CNPY_USDT | +0.0100% | 4h | 0.4002 | −0.025% | $1.1M | $6.1M | 20x | as long as short |
| MEXC CNPY_USDT | +0.0100% | 4h | 0.4004 | +0.025% | $1.0M | $649K | 20x | as long as short |
| BingX CNPY-USDTshort | +0.0100% | 4h | 0.4017 | +0.350% | — | $1.4M | — |
OKX CNPY-USDT-SWAP
Gate CNPY_USDT
MEXC CNPY_USDT