Settings8H · net · $10k
Funding arb · Price arb /

CP

all CP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.1492%/8h= +163.4% APRnext payment +$7.46 per $10,000 · paid last 24h −0.059%
Price spread now: Bybit against BloFin+0.350%92s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Bybit is 0.350% dearer against BloFin than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CP-USDT0.014280.0095pay 0.0048% / 4h2h 39m$428$42K20x
ShortBybit CPUSDT0.014330.1588get 0.0794% / 4h2h 39m$1.6M$3.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$313.41
Price spread: +0.350% → 0.000%
$35.01
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$325.43
Costs to cover
0.230%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Bybit live order book, 3 min ago6.96 bp48.8 bp −$49309.3 bp −$3,093doesn't fitdoesn't fit
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CP on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CP-USDT+0.0070%4h0.01430+0.140%$1.1Mas long as short
BloFin CP-USDTlong+0.0095%4h0.01428long leg$428$42K20x
OKX CP-USDT-SWAP+0.0100%4h0.01430+0.140%$4.0M$11.7M20xas long as short
Gate CP_USDT+0.0100%4h0.014280.000%$615K$514K20xas long as short
MEXC CP_USDT+0.0100%4h0.01429+0.070%$1.6M$391K20xas long as short
KuCoin CPUSDTM+0.0100%4h0.01430+0.140%$202K$894K20xas long as short
Bitget CPUSDT+0.0100%4h0.01430+0.119%$817K$1.7M20xas long as short
Bybit CPUSDTshort+0.1588%4h0.01433+0.350%$1.6M$3.0M20x