Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.167%
Price spread now: Gate against BloFin+0.076%48s7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as 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−$2352.345% of the position
Funding, last 7 days+2.090%+$209 on $10k
+Price spread, last 3 days (all we have)+2.775%+$278 · spread now +0.076%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.062% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%. The two prices were read 48 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 | BloFin CNPY-USDT | 0.3972 | 0.0087 | pay 0.0043% / 4h | 2h 08m | $60K | $230K | 20x |
| Short | Gate CNPY_USDT | 0.3975 | 0.0100 | get 0.0050% / 4h | 2h 08m | $1.1M | $6.4M | 20x |
BloFin CNPY-USDT
Gate CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $2.79
- Price spread: +0.076% → +0.013%
- $6.23
- Slippage, 4 orders
- −$207.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$225.52
- Costs to cover
- 2.345%
- Break-even
- 573.2 days
Slippage from BloFin: live order book, 7 min ago; Gate: live order book, 5 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, 7 min ago | 2.52 bp | 22.5 bp −$23 | 96.9 bp −$969 | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.78 bp | 90.9 bp −$91 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CNPY-USDTlong | +0.0087% | 4h | 0.3972 | long leg | $60K | $230K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0100% | 4h | 0.3968 | −0.101% | $1.3M | $17.8M | 20x | as long as short |
| Gate CNPY_USDTshort | +0.0100% | 4h | 0.3975 | +0.076% | $1.1M | $6.4M | 20x | |
| MEXC CNPY_USDT | +0.0100% | 4h | 0.3969 | −0.076% | $1.0M | $662K | 20x | as long as short |
| BingX CNPY-USDT | +0.0100% | 4h | 0.3968 | −0.101% | — | $1.4M | — | as long as short |
OKX CNPY-USDT-SWAP
MEXC CNPY_USDT
BingX CNPY-USDT