Funding you earn now, next payment 04:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.04 per $10,000 · paid last 24h +0.020%
Price spread now: OKX against BingX+0.121%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1381.380% of the position
Funding, last 7 days−1.773%−$177 on $10k
+Price spread, last 7 days−0.051%−$5 · spread now +0.121%, 7d avg −0.017%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.138% dearer against BingX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.017%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CNPY-USDT | 0.4117 | 0.0600 | pay 0.0300% / 4h | 20m 07s | — | $1.4M | — |
| Short | OKX CNPY-USDT-SWAP | 0.4122 | 0.0591 | get 0.0296% / 4h | 20m 07s | $1.5M | $18.1M | 20x |
BingX CNPY-USDT
OKX CNPY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$1.87
- Price spread: +0.121% → −0.017%
- $13.83
- Slippage, 4 orders
- −$117.95
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$125.99
- Costs to cover
- 1.380%
- Break-even
- never at this rate
Slippage from BingX: live order book, 11 min ago; OKX: live order book, 3 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 | 2.42 bp | 35.1 bp −$35 | 110.1 bp −$1,101 | 799.8 bp −$80.0K | doesn't fit |
| Sell OKX live order book, 3 min ago | 3.65 bp | 29.0 bp −$29 | 106.5 bp −$1,065 | 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 | 0.4112 | −0.121% | $1.1M | $3.8M | 20x | as long as short |
| OKX CNPY-USDT-SWAPshort | +0.0591% | 4h | 0.4122 | +0.121% | $1.5M | $18.1M | 20x | |
| MEXC CNPY_USDT | +0.0592% | 4h | 0.4115 | −0.049% | $1.1M | $607K | 20x | as long as short |
| BingX CNPY-USDTlong | +0.0600% | 4h | 0.4117 | long leg | — | $1.4M | — | |
| BloFin CNPY-USDT | +0.0667% | 4h | 0.4114 | −0.073% | $69K | $269K | 20x | as long as short |
Gate CNPY_USDT
MEXC CNPY_USDT
BloFin CNPY-USDT