Funding you earn now, next payment 08:00 UTC+0.0610%/8h= +66.8% APRnext payment +$3.05 per $10,000 · paid last 24h +0.139%
Price spread now: BingX against Gate+0.048%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1661.662% of the position
Funding, last 7 days+1.234%+$123 on $10k
+Price spread, last 7 days−0.145%−$14 · spread now +0.048%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and BingX is 0.049% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.001%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CNPY_USDT | 0.4203 | 0.0100 | pay 0.0050% / 4h | 3h 01m | $1.2M | $3.0M | 20x |
| Short | BingX CNPY-USDT | 0.4205 | 0.0710 | get 0.0355% / 4h | 3h 01m | — | $1.4M | — |
Gate CNPY_USDT
BingX CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Gate. 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
- $128.1
- Price spread: +0.048% → −0.001%
- $4.89
- Slippage, 4 orders
- −$141.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$33.22
- Costs to cover
- 1.662%
- Break-even
- 8.8 days
Slippage from Gate: live order book, 1 min ago; BingX: live order book, 14 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 Gate live order book, 1 min ago | 4.78 bp | 61.7 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 14 min ago | 2.39 bp | 20.7 bp −$21 | 103.6 bp −$1,036 | 827.7 bp −$82.8K | 1241.0 bp −$620.5K |
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_USDTlong | +0.0100% | 4h | 0.4203 | long leg | $1.2M | $3.0M | 20x | |
| BingX CNPY-USDTshort | +0.0710% | 4h | 0.4205 | +0.048% | — | $1.4M | — | |
| BloFin CNPY-USDT | +0.0807% | 4h | 0.4176 | −0.642% | $71K | $260K | 20x | as long as short |
| MEXC CNPY_USDT | +0.0854% | 4h | 0.4217 | +0.333% | $1.2M | $609K | 20x | as long as short |
| OKX CNPY-USDT-SWAP | +0.0855% | 4h | 0.4219 | +0.381% | $1.5M | $18.4M | 20x | as long as short |
BloFin CNPY-USDT
MEXC CNPY_USDT
OKX CNPY-USDT-SWAP