CP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.15 per $10,000 · paid last 24h −0.076%

Price spread now: BingX against Gate+0.071%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1601.599% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.240%−$24 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now +0.071%, 7d avg +0.136%

Together, before fees−0.155%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BingX is 0.065% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.136%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CP_USDT	0.01411	0.0100	pay 0.0050% / 4h	3h 53m	$620K	$549K	20x
Short	BingX CP-USDT	0.01412	0.0070	get 0.0035% / 4h	3h 53m	—	$1.0M	—

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now +0.071%Rate

Funding earned: −$6.3
Price spread: +0.071% → +0.136%: −$6.52
Slippage, 4 orders: −$134.93
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$172.75
Costs to cover: 1.599%
Break-even: never at this rate

Slippage from Gate: live order book, 62 min ago; BingX: live order book, 1 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, 62 min ago	7.16 bp	45.9 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	10.64 bp	34.1 bp −$34	114.6 bp −$1,146	1059.4 bp −$105.9K	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	0.01412	+0.071%	—	$1.0M	—
BloFin CP-USDT	+0.0090%	4h	0.01409	−0.142%	$431	$43K	20x	as long as short
OKX CP-USDT-SWAP	+0.0100%	4h	0.01412	+0.071%	$4.0M	$11.8M	20x	as long as short
Gate CP_USDTlong	+0.0100%	4h	0.01411	long leg	$620K	$549K	20x
MEXC CP_USDT	+0.0100%	4h	0.01411	0.000%	$1.5M	$360K	20x	as long as short
KuCoin CPUSDTM	+0.0100%	4h	0.01414	+0.213%	$199K	$893K	20x	as long as short
Bitget CPUSDT	+0.0100%	4h	0.01412	+0.057%	$799K	$1.6M	20x	as long as short
Bybit CPUSDT	+0.0343%	4h	0.01415	+0.283%	$1.5M	$2.8M	20x	as long as short