Funding you earn now, next payment 04:00 UTC−0.0619%/8h= −67.8% APRnext payment −$3.10 per $10,000 · paid last 24h −0.141%
Price spread now: Gate against BloFin−0.314%78s7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as 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−$1841.835% of the position
Funding, last 7 days+1.784%+$178 on $10k
+Price spread, last 3 days (all we have)+1.444%+$144 · spread now −0.314%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Gate is 0.322% cheaper against BloFin than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.784%, so the current rate has only just turned against you. The two prices were read 78 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 | 0.4140 | 0.0719 | pay 0.0360% / 4h | 2h 53m | $67K | $257K | 20x |
| Short | Gate CNPY_USDT | 0.4127 | 0.0100 | get 0.0050% / 4h | 2h 53m | $1.1M | $4.7M | 20x |
BloFin CNPY-USDT
Gate CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$130.02
- Price spread: −0.314% → +0.008%
- −$32.22
- Slippage, 4 orders
- −$156.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$345.78
- Costs to cover
- 1.835%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; Gate: live order book, 4 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, 7 min ago | 4.82 bp | 24.2 bp −$24 | 85.2 bp −$852 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 3.56 bp | 58.5 bp −$58 | 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 | 0.4127 | −0.314% | $1.1M | $4.7M | 20x | |
| BingX CNPY-USDT | +0.0712% | 4h | 0.4128 | −0.290% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDTlong | +0.0719% | 4h | 0.4140 | long leg | $67K | $257K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0732% | 4h | 0.4131 | −0.217% | $1.4M | $18.8M | 20x | as long as short |
| MEXC CNPY_USDT | +0.0740% | 4h | 0.4129 | −0.266% | $1.0M | $629K | 20x | as long as short |
BingX CNPY-USDT
OKX CNPY-USDT-SWAP
MEXC CNPY_USDT