Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.168%
Price spread now: Gate against OKX+0.152%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2192.185% of the position
Funding, last 7 days+1.005%+$100 on $10k
+Price spread, last 7 days+0.241%+$24 · spread now +0.152%, 7d avg +0.037%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.114% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CNPY-USDT-SWAP | 0.3958 | 0.0100 | pay 0.0050% / 4h | 2h 39m | $1.3M | $17.7M | 20x |
| Short | Gate CNPY_USDT | 0.3964 | 0.0100 | get 0.0050% / 4h | 2h 39m | $1.1M | $6.4M | 20x |
OKX CNPY-USDT-SWAP
Gate CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: +0.152% → +0.037%
- $11.42
- Slippage, 4 orders
- −$193.54
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$207.12
- Costs to cover
- 2.185%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago | 1.26 bp | 34.8 bp −$35 | 156.1 bp −$1,561 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 2.52 bp | 81.8 bp −$82 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CNPY-USDT-SWAPlong | +0.0100% | 4h | 0.3958 | long leg | $1.3M | $17.7M | 20x | |
| Gate CNPY_USDTshort | +0.0100% | 4h | 0.3964 | +0.152% | $1.1M | $6.4M | 20x | |
| MEXC CNPY_USDT | +0.0100% | 4h | 0.3964 | +0.152% | $994K | $658K | 20x | as long as short |
| BingX CNPY-USDT | +0.0100% | 4h | 0.3963 | +0.126% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDT | +0.0141% | 4h | 0.3967 | +0.227% | $60K | $229K | 20x | as long as short |
MEXC CNPY_USDT
BingX CNPY-USDT
BloFin CNPY-USDT