Funding you earn now, next payment 00:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.22 per $10,000 · paid last 24h +0.001%
Price spread now: OKX against BloFin−0.049%73s7-day average +0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs+$1as 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−$1071.073% of the position
Funding, last 7 days+1.081%+$108 on $10k
+Price spread, last 3 days (all we have)+1.838%+$184 · spread now −0.049%, 7d avg +0.108%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.157% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.108%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.081%, so the current rate has only just turned against you. The two prices were read 73 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 | 0.4078 | 0.0145 | pay 0.0072% / 4h | 1h 05m | $63K | $238K | 20x |
| Short | OKX CNPY-USDT-SWAP | 0.4076 | 0.0100 | get 0.0050% / 4h | 1h 05m | $1.4M | $18.4M | 20x |
BloFin CNPY-USDT
OKX CNPY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$9.42
- Price spread: −0.049% → +0.108%
- −$15.7
- Slippage, 4 orders
- −$85.34
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$132.47
- Costs to cover
- 1.073%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; OKX: live order book, 2 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, 5 min ago | 1.23 bp | 25.8 bp −$26 | 85.1 bp −$851 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 1.23 bp | 28.2 bp −$28 | 129.3 bp −$1,293 | 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-SWAPshort | +0.0100% | 4h | 0.4076 | −0.049% | $1.4M | $18.4M | 20x | |
| Gate CNPY_USDT | +0.0100% | 4h | 0.4074 | −0.098% | $1.1M | $6.1M | 20x | as long as short |
| MEXC CNPY_USDT | +0.0100% | 4h | 0.4077 | −0.025% | $1.0M | $652K | 20x | as long as short |
| BingX CNPY-USDT | +0.0100% | 4h | 0.4086 | +0.196% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDTlong | +0.0145% | 4h | 0.4078 | long leg | $63K | $238K | 20x |
Gate CNPY_USDT
MEXC CNPY_USDT
BingX CNPY-USDT