CP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0044%/8h= −4.8% APRnext payment −$0.22 per $10,000 · paid last 24h −0.039%

Price spread now: BingX against OKX0.000%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$950.952% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.428%−$43 on $10k

Price spread, last 7 days−0.039%−$4 · spread now 0.000%, 7d avg +0.006%

Together, before fees−0.467%−$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX CP-USDT-SWAP	0.01399	0.0114	pay 0.0057% / 4h	3h 39m	$3.9M	$11.7M	20x
Short	BingX CP-USDT	0.01399	0.0070	get 0.0035% / 4h	3h 39m	—	$1.1M	—

Funding history

latest

Range statsloading…

BingX against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee OKXbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Slippage from OKX: live order book, 4 min ago; BingX: live order book, 5 min ago.

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	3.58 bp	19.4 bp −$19	128.4 bp −$1,284	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	7.13 bp	28.0 bp −$28	90.7 bp −$907	968.7 bp −$96.9K	doesn't fit

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
BingX CP-USDTshort	+0.0070%	4h	0.01399	0.000%	—	$1.1M	—
Gate CP_USDT	+0.0100%	4h	0.01398	−0.071%	$578K	$539K	20x	as long as short
KuCoin CPUSDTM	+0.0100%	4h	0.01402	+0.214%	$206K	$938K	20x	as long as short
Bitget CPUSDT	+0.0100%	4h	0.01399	−0.007%	$799K	$1.7M	20x	as long as short
BloFin CP-USDT	+0.0112%	4h	0.01397	−0.143%	$427	$43K	20x	as long as short
MEXC CP_USDT	+0.0114%	4h	0.01398	−0.071%	$1.5M	$393K	20x	as long as short
OKX CP-USDT-SWAPlong	+0.0114%	4h	0.01399	long leg	$3.9M	$11.7M	20x
Bybit CPUSDT	+0.0697%	4h	0.01400	+0.071%	$1.7M	$3.2M	20x	as long as short