Funding you earn now, next payment 04:00 UTC+0.0629%/8h= +68.9% APRnext payment +$3.15 per $10,000 · paid last 24h +0.146%
Price spread now: BloFin against Gate−0.024%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$344as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1801.801% of the position
Funding, last 7 days−1.641%−$164 on $10k
+Price spread, last 4 days (all we have)−5.550%−$555 · spread now −0.024%, 7d avg −0.004%
=Funding pays, the price is against you. BloFin is 0.020% cheaper against Gate than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of −0.004%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −1.641%, 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 | Gate CNPY_USDT | 0.4089 | 0.0100 | pay 0.0050% / 4h | 53m 19s | $1.1M | $3.8M | 20x |
| Short | BloFin CNPY-USDT | 0.4088 | 0.0729 | get 0.0365% / 4h | 53m 19s | $68K | $266K | 20x |
Gate CNPY_USDT
BloFin CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $132.17
- Price spread: −0.024% → −0.004%
- −$2.03
- Slippage, 4 orders
- −$153.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$49.92
- Costs to cover
- 1.801%
- Break-even
- 9.6 days
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 45 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, 5 min ago | 1.23 bp | 70.6 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 45 min ago | 8.48 bp | 30.2 bp −$30 | 89.6 bp −$896 | 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_USDTlong | +0.0100% | 4h | 0.4089 | long leg | $1.1M | $3.8M | 20x | |
| BingX CNPY-USDT | +0.0726% | 4h | 0.4095 | +0.147% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDTshort | +0.0729% | 4h | 0.4088 | −0.024% | $68K | $266K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0741% | 4h | 0.4099 | +0.245% | $1.4M | $18.0M | 20x | as long as short |
| MEXC CNPY_USDT | +0.0742% | 4h | 0.4096 | +0.171% | $1.1M | $603K | 20x | as long as short |
BingX CNPY-USDT
OKX CNPY-USDT-SWAP
MEXC CNPY_USDT