Settings8H · net · $10k
Funding arb · Price arb /

CP

all CP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0071%/8h= −7.8% APRnext payment $0.36 per $10,000 · paid last 24h −0.102%
Price spread now: BingX against BloFin−0.216%81s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BingX is 0.216% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin CP-USDT0.013870.0141pay 0.0071% / 4h3h 33m$417$38K20x
ShortBingX CP-USDT0.013840.0070get 0.0035% / 4h3h 33m$1.0M

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

Profit calculator

Funding earned
−$14.91
Price spread: −0.216% → 0.000%
−$21.63
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$58.54
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: BloFin: no order-book sample; BingX: live order book, 6 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell BingX live order book, 6 min ago10.92 bp33.7 bp −$34108.2 bp −$1,082doesn't fitdoesn't fit
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

CP on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX CP-USDTshort+0.0070%4h0.01384−0.216%$1.0M
Bybit CPUSDT+0.0100%4h0.01383−0.288%$1.5M$2.4M20xas long as short
OKX CP-USDT-SWAP+0.0100%4h0.01383−0.288%$3.9M$10.9M20xas long as short
Gate CP_USDT+0.0100%4h0.01385−0.144%$570K$515K20xas long as short
MEXC CP_USDT+0.0100%4h0.01383−0.288%$1.5M$365K20xas long as short
KuCoin CPUSDTM+0.0100%4h0.01385−0.144%$194K$917K20xas long as short
Bitget CPUSDT+0.0100%4h0.01384−0.202%$800K$1.5M20xas long as short
BloFin CP-USDTlong+0.0141%4h0.01387long leg$417$38K20x