Funding you earn now, next payment 12:00 UTC−0.0029%/8h= −3.2% APRnext payment −$0.15 per $10,000 · paid last 24h −0.016%
Price spread now: BingX against BloFin−0.379%7-day average +0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs+$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1171.166% of the position
Funding, last 7 days+2.765%+$276 on $10k
+Price spread, last 4 days (all we have)+5.856%+$586 · spread now −0.379%, 7d avg +0.138%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.517% cheaper against BloFin than usual: you would sell low and buy high (−$52 if the spread goes back to its 7-day average of +0.138%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +2.765%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CNPY-USDT | 0.4222 | 0.1013 | pay 0.0507% / 4h | 3h 30m | $72K | $266K | 20x |
| Short | BingX CNPY-USDT | 0.4206 | 0.0984 | get 0.0492% / 4h | 3h 30m | — | $1.3M | — |
BloFin CNPY-USDT
BingX CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- −$6.15
- Price spread: −0.379% → +0.138%
- −$51.66
- Slippage, 4 orders
- −$94.58
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$174.39
- Costs to cover
- 1.166%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 36 min ago; BingX: live order book, 16 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 BloFin live order book, 36 min ago | 5.93 bp | 18.1 bp −$18 | 77.4 bp −$774 | doesn't fit | doesn't fit |
| Sell BingX live order book, 16 min ago | 3.55 bp | 32.6 bp −$33 | 101.9 bp −$1,019 | 915.7 bp −$91.6K | 1282.4 bp −$641.2K |
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 | 0.4211 | −0.261% | $1.2M | $1.9M | 20x | as long as short |
| BingX CNPY-USDTshort | +0.0984% | 4h | 0.4206 | −0.379% | — | $1.3M | — | |
| BloFin CNPY-USDTlong | +0.1013% | 4h | 0.4222 | long leg | $72K | $266K | 20x | |
| MEXC CNPY_USDT | +0.1066% | 4h | 0.4216 | −0.142% | $1.2M | $552K | 20x | as long as short |
| OKX CNPY-USDT-SWAP | +0.1074% | 4h | 0.4219 | −0.071% | $1.5M | $18.2M | 20x | as long as short |
Gate CNPY_USDT
MEXC CNPY_USDT
OKX CNPY-USDT-SWAP