Funding you earn now, next payment 08:00 UTC+0.0079%/8h= +8.7% APRnext payment +$0.40 per $10,000 · paid last 24h +0.017%
Price spread now: BloFin against BingX+0.119%111s7-day average −0.140% · you sell dearer than you buy
Net, funding: paid 7d − costs−$401as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1231.234% of the position
Funding, last 7 days−2.775%−$278 on $10k
+Price spread, last 4 days (all we have)−1.297%−$130 · spread now +0.119%, 7d avg −0.140%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.260% dearer against BingX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.140%. Mind the row above: over the last 7 days funding on this pair cost −2.775%, so the current rate has only just turned in your favour. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CNPY-USDT | 0.4190 | 0.1178 | pay 0.0589% / 4h | 1h 03m | — | $1.4M | — |
| Short | BloFin CNPY-USDT | 0.4195 | 0.1257 | get 0.0629% / 4h | 1h 03m | $74K | $261K | 20x |
BingX CNPY-USDT
BloFin CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against BingX. 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
- $16.64
- Price spread: +0.119% → −0.140%
- $25.97
- Slippage, 4 orders
- −$101.43
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$80.81
- Costs to cover
- 1.234%
- Break-even
- 41.0 days
Slippage from BingX: live order book, 11 min ago; BloFin: live order book, 8 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 BingX live order book, 11 min ago | 3.56 bp | 24.1 bp −$24 | 95.9 bp −$959 | 1022.8 bp −$102.3K | 1266.0 bp −$633.0K |
| Sell BloFin live order book, 8 min ago | 2.36 bp | 45.9 bp −$46 | 103.4 bp −$1,034 | 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_USDT | +0.0100% | 4h | 0.4188 | −0.048% | $1.1M | $2.0M | 20x | as long as short |
| BingX CNPY-USDTlong | +0.1178% | 4h | 0.4190 | long leg | — | $1.4M | — | |
| MEXC CNPY_USDT | +0.1216% | 4h | 0.4192 | +0.048% | $1.1M | $571K | 20x | as long as short |
| OKX CNPY-USDT-SWAP | +0.1218% | 4h | 0.4195 | +0.119% | $1.5M | $18.5M | 20x | as long as short |
| BloFin CNPY-USDTshort | +0.1257% | 4h | 0.4195 | +0.119% | $74K | $261K | 20x |
Gate CNPY_USDT
MEXC CNPY_USDT
OKX CNPY-USDT-SWAP