Funding you earn now, next payment 00:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.28 per $10,000 · paid last 24h +0.167%
Price spread now: BloFin against Gate+0.075%48s7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$371as 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−$1861.856% of the position
Funding, last 7 days−1.857%−$186 on $10k
+Price spread, last 3 days (all we have)−1.963%−$196 · spread now +0.075%, 7d avg −0.011%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.085% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.011%. Mind the row above: over the last 7 days funding on this pair cost −1.857%, so the current rate has only just turned in your favour. 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 | Gate CNPY_USDT | 0.4020 | 0.0100 | pay 0.0050% / 4h | 1h 18m | $1.1M | $6.1M | 20x |
| Short | BloFin CNPY-USDT | 0.4023 | 0.0156 | get 0.0078% / 4h | 1h 18m | $62K | $234K | 20x |
Gate CNPY_USDT
BloFin CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $11.71
- Price spread: +0.075% → −0.011%
- $8.53
- Slippage, 4 orders
- −$158.63
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$165.38
- Costs to cover
- 1.856%
- Break-even
- 105.9 days
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 57 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, 5 min ago | 2.48 bp | 74.4 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 57 min ago | 2.52 bp | 32.8 bp −$33 | 112.2 bp −$1,122 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CNPY-USDT-SWAP | +0.0100% | 4h | 0.4022 | +0.050% | $1.4M | $18.1M | 20x | as long as short |
| Gate CNPY_USDTlong | +0.0100% | 4h | 0.4020 | long leg | $1.1M | $6.1M | 20x | |
| MEXC CNPY_USDT | +0.0100% | 4h | 0.4024 | +0.100% | $1.0M | $651K | 20x | as long as short |
| BingX CNPY-USDT | +0.0100% | 4h | 0.4035 | +0.373% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDTshort | +0.0156% | 4h | 0.4023 | +0.075% | $62K | $234K | 20x |
OKX CNPY-USDT-SWAP
MEXC CNPY_USDT
BingX CNPY-USDT