Funding you earn now, next payment 12:00 UTC−0.0069%/8h= −7.6% APRnext payment −$0.35 per $10,000 · paid last 24h −0.020%
Price spread now: BingX against OKX0.000%7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs+$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1361.357% of the position
Funding, last 7 days+1.687%+$169 on $10k
+Price spread, last 7 days+0.013%+$1 · spread now 0.000%, 7d avg +0.019%
=The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +1.687%, 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 | OKX CNPY-USDT-SWAP | 0.4208 | 0.1007 | pay 0.0504% / 4h | 3h 39m | $1.5M | $18.2M | 20x |
| Short | BingX CNPY-USDT | 0.4208 | 0.0938 | get 0.0469% / 4h | 3h 39m | — | $1.3M | — |
OKX CNPY-USDT-SWAP
BingX CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- −$14.56
- Price spread: 0.000% → +0.019%
- −$1.89
- Slippage, 4 orders
- −$115.7
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$152.15
- Costs to cover
- 1.357%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; BingX: live order book, 7 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 OKX live order book, 4 min ago | 1.18 bp | 32.7 bp −$33 | 141.1 bp −$1,411 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 3.55 bp | 32.6 bp −$33 | 101.9 bp −$1,019 | 915.7 bp −$91.6K | 1282.4 bp −$641.2K |
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_USDT | +0.0100% | 4h | 0.4205 | −0.071% | $1.2M | $1.9M | 20x | as long as short |
| BingX CNPY-USDTshort | +0.0938% | 4h | 0.4208 | 0.000% | — | $1.3M | — | |
| MEXC CNPY_USDT | +0.1006% | 4h | 0.4209 | +0.024% | $1.2M | $550K | 20x | as long as short |
| OKX CNPY-USDT-SWAPlong | +0.1007% | 4h | 0.4208 | long leg | $1.5M | $18.2M | 20x | |
| BloFin CNPY-USDT | +0.1013% | 4h | 0.4206 | −0.048% | $72K | $264K | 20x | as long as short |
Gate CNPY_USDT
MEXC CNPY_USDT
BloFin CNPY-USDT