Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.130%
Price spread now: BingX against Gate+0.050%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$220as in the Price arb table
costs, in and out, $10k−$2272.275% of the position
Funding, last 7 days+1.157%+$116 on $10k
+Price spread, last 7 days−0.454%−$45 · spread now +0.050%, 7d avg −0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.072% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CNPY_USDT | 0.3971 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $1.1M | $6.1M | 20x |
| Short | BingX CNPY-USDT | 0.3973 | 0.0100 | get 0.0050% / 4h | 1h 49m | — | $1.4M | — |
Gate CNPY_USDT
BingX CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $0
- Price spread: +0.050% → −0.022%
- $7.21
- Slippage, 4 orders
- −$202.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$220.25
- Costs to cover
- 2.275%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; BingX: live order book, 10 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 Gate live order book, 3 min ago | 5.04 bp | 81.9 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 3.80 bp | 34.0 bp −$34 | 92.0 bp −$920 | 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-SWAP | +0.0100% | 4h | 0.4012 | +1.032% | $1.3M | $18.0M | 20x | as long as short |
| Gate CNPY_USDTlong | +0.0100% | 4h | 0.3971 | long leg | $1.1M | $6.1M | 20x | |
| MEXC CNPY_USDT | +0.0100% | 4h | 0.4010 | +0.982% | $1.0M | $649K | 20x | as long as short |
| BingX CNPY-USDTshort | +0.0100% | 4h | 0.3973 | +0.050% | — | $1.4M | — | |
| BloFin CNPY-USDT | +0.0104% | 4h | 0.3964 | −0.176% | $60K | $230K | 20x | as long as short |
OKX CNPY-USDT-SWAP
MEXC CNPY_USDT
BloFin CNPY-USDT