Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRnext payment +$0.20 per $10,000 · paid last 24h −0.020%
Price spread now: BingX against OKX−0.121%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs+$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as 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+0.050%+$5 · spread now −0.121%, 7d avg +0.017%
=Funding pays, the price is against you. BingX is 0.138% cheaper against OKX than usual: you would sell low and buy high (spread −0.121% now, against its 7-day average of +0.017%). If the spread goes back, that is −$14 on $10k: about 12 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+1.773% in total) that is about 13 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CNPY-USDT-SWAP | 0.4122 | 0.0592 | pay 0.0296% / 4h | 20m 30s | $1.4M | $18.1M | 20x |
| Short | BingX CNPY-USDT | 0.4117 | 0.0632 | get 0.0316% / 4h | 20m 30s | — | $1.4M | — |
OKX CNPY-USDT-SWAP
BingX CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against OKX. 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
- $8.37
- Price spread: −0.121% → +0.017%
- −$13.81
- Slippage, 4 orders
- −$117.95
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$143.39
- Costs to cover
- 1.380%
- Break-even
- 126.9 days
Slippage from OKX: live order book, 3 min ago; BingX: live order book, 11 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 OKX live order book, 3 min ago | 3.65 bp | 38.0 bp −$38 | 158.9 bp −$1,589 | doesn't fit | doesn't fit |
| Sell BingX live order book, 11 min ago | 2.42 bp | 35.8 bp −$36 | 94.5 bp −$945 | 758.3 bp −$75.8K | 1113.5 bp −$556.7K |
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 | 0.4110 | −0.291% | $1.1M | $3.8M | 20x | as long as short |
| MEXC CNPY_USDT | +0.0592% | 4h | 0.4116 | −0.146% | $1.1M | $607K | 20x | as long as short |
| OKX CNPY-USDT-SWAPlong | +0.0592% | 4h | 0.4122 | long leg | $1.4M | $18.1M | 20x | |
| BingX CNPY-USDTshort | +0.0632% | 4h | 0.4117 | −0.121% | — | $1.4M | — | |
| BloFin CNPY-USDT | +0.0667% | 4h | 0.4114 | −0.194% | $69K | $269K | 20x | as long as short |
Gate CNPY_USDT
MEXC CNPY_USDT
BloFin CNPY-USDT