Funding you earn now, next payment 00:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.28 per $10,000 · paid last 24h +0.001%
Price spread now: OKX against BloFin+0.050%7-day average +0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1as in the Funding arb table
Net, price: spread back to 7d avg − costs−$116as in the Price arb table
costs, in and out, $10k−$1091.094% of the position
Funding, last 7 days+1.085%+$109 on $10k
+Price spread, last 3 days (all we have)+2.739%+$274 · spread now +0.050%, 7d avg +0.113%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.063% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.113%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.085%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CNPY-USDT | 0.3972 | 0.0157 | pay 0.0078% / 4h | 2h 27m | $61K | $231K | 20x |
| Short | OKX CNPY-USDT-SWAP | 0.3974 | 0.0100 | get 0.0050% / 4h | 2h 27m | $1.3M | $17.8M | 20x |
BloFin CNPY-USDT
OKX CNPY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$11.9
- Price spread: +0.050% → +0.113%
- −$6.25
- Slippage, 4 orders
- −$87.41
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$127.57
- Costs to cover
- 1.094%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 56 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 BloFin live order book, 56 min ago | 2.53 bp | 28.8 bp −$29 | 89.8 bp −$898 | doesn't fit | doesn't fit |
| Sell OKX live order book, 1 min ago | 1.26 bp | 23.2 bp −$23 | 137.7 bp −$1,377 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CNPY-USDT-SWAPshort | +0.0100% | 4h | 0.3974 | +0.050% | $1.3M | $17.8M | 20x | |
| Gate CNPY_USDT | +0.0100% | 4h | 0.3967 | −0.126% | $1.1M | $6.4M | 20x | as long as short |
| MEXC CNPY_USDT | +0.0100% | 4h | 0.3965 | −0.176% | $993K | $658K | 20x | as long as short |
| BingX CNPY-USDT | +0.0100% | 4h | 0.3976 | +0.101% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDTlong | +0.0157% | 4h | 0.3972 | long leg | $61K | $231K | 20x |
Gate CNPY_USDT
MEXC CNPY_USDT
BingX CNPY-USDT