Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.038%
Price spread now: BingX against BloFin0.000%66s7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs+$183as 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−$1331.326% of the position
Funding, last 7 days+3.159%+$316 on $10k
+Price spread, last 3 days (all we have)+2.856%+$286 · spread now 0.000%, 7d avg +0.135%
=Funding pays, the price is against you. BingX is 0.135% cheaper against BloFin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.135%). If the spread goes back, that is −$14 on $10k: about 34 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+3.159% in total) that is about 7 hours. The two prices were read 66 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 | BloFin CNPY-USDT | 0.3972 | 0.0087 | pay 0.0043% / 4h | 2h 08m | $60K | $230K | 20x |
| Short | BingX CNPY-USDT | 0.3972 | 0.0100 | get 0.0050% / 4h | 2h 08m | — | $1.4M | — |
BloFin CNPY-USDT
BingX CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against BloFin. 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
- $2.79
- Price spread: 0.000% → +0.135%
- −$13.51
- Slippage, 4 orders
- −$110.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$143.31
- Costs to cover
- 1.326%
- Break-even
- 366.8 days
Slippage from BloFin: live order book, 7 min ago; BingX: live order book, 8 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 BloFin live order book, 7 min ago | 2.52 bp | 22.5 bp −$23 | 96.9 bp −$969 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 3.79 bp | 44.9 bp −$45 | 105.4 bp −$1,054 | 1100.4 bp −$110.0K | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CNPY-USDTlong | +0.0087% | 4h | 0.3972 | long leg | $60K | $230K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0100% | 4h | 0.3968 | −0.101% | $1.3M | $17.8M | 20x | as long as short |
| Gate CNPY_USDT | +0.0100% | 4h | 0.3972 | 0.000% | $1.1M | $6.4M | 20x | as long as short |
| MEXC CNPY_USDT | +0.0100% | 4h | 0.3969 | −0.076% | $1.0M | $662K | 20x | as long as short |
| BingX CNPY-USDTshort | +0.0100% | 4h | 0.3972 | 0.000% | — | $1.4M | — |
OKX CNPY-USDT-SWAP
Gate CNPY_USDT
MEXC CNPY_USDT