Funding you earn now, next payment 04:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.102%
Price spread now: BingX against Bitget−0.022%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$125as in the Price arb table
costs, in and out, $10k−$1201.196% of the position
Funding, last 7 days−0.305%−$30 on $10k
+Price spread, last 7 days+0.124%+$12 · spread now −0.022%, 7d avg +0.031%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.053% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.031%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget CPUSDT | 0.01373 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $788K | $1.5M | 20x |
| Short | BingX CP-USDT | 0.01373 | 0.0070 | get 0.0035% / 4h | 3h 09m | — | $1.0M | — |
Bitget CPUSDT
BingX CP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Bitget. 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
- −$6.3
- Price spread: −0.022% → +0.031%
- −$5.31
- Slippage, 4 orders
- −$97.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$131.25
- Costs to cover
- 1.196%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; BingX: 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 Bitget live order book, 2 min ago | 9.82 bp | 26.4 bp −$26 | 118.5 bp −$1,185 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 14.57 bp | 31.2 bp −$31 | 106.2 bp −$1,062 | doesn't fit | doesn't fit |
CP on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX CP-USDTshort | +0.0070% | 4h | 0.01373 | −0.022% | — | $1.0M | — | |
| BloFin CP-USDT | +0.0077% | 4h | 0.01373 | −0.022% | $420 | $37K | 20x | as long as short |
| Bybit CPUSDT | +0.0100% | 4h | 0.01374 | +0.051% | $1.5M | $2.4M | 20x | as long as short |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01373 | −0.022% | $3.8M | $10.8M | 20x | as long as short |
| Gate CP_USDT | +0.0100% | 4h | 0.01373 | −0.022% | $568K | $520K | 20x | as long as short |
| MEXC CP_USDT | +0.0100% | 4h | 0.01372 | −0.095% | $1.5M | $370K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01376 | +0.197% | $191K | $909K | 20x | as long as short |
| Bitget CPUSDTlong | +0.0100% | 4h | 0.01373 | long leg | $788K | $1.5M | 20x |
BloFin CP-USDT
Bybit CPUSDT
OKX CP-USDT-SWAP
Gate CP_USDT
MEXC CP_USDT
KuCoin CPUSDTM