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+0.0014%/8h= +1.5% APRnext payment +$0.07 per $10,000 · paid last 24h −0.007%
Price spread now: BloFin against OKX+0.361%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.361% dearer against OKX than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX CP-USDT-SWAP0.013840.0100pay 0.0050% / 4h1h 04m$3.9M$11.2M20x
ShortBloFin CP-USDT0.013890.0114get 0.0057% / 4h1h 04m$424$41K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against OKX. 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
$2.93
Price spread: +0.361% → 0.000%
$36.13
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
$17.06
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: OKX: live order book, 4 min ago; BloFin: no order-book sample. 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 OKX live order book, 4 min ago3.58 bp24.1 bp −$24130.5 bp −$1,305doesn't fitdoesn't fit
Sell BloFin no order-book sample
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-USDT+0.0070%4h0.01386+0.145%$1.0Mas long as short
Bybit CPUSDT+0.0100%4h0.01386+0.145%$1.4M$2.5M20xas long as short
OKX CP-USDT-SWAPlong+0.0100%4h0.01384long leg$3.9M$11.2M20x
Gate CP_USDT+0.0100%4h0.01387+0.217%$612K$556K20xas long as short
MEXC CP_USDT+0.0100%4h0.01383−0.072%$1.5M$363K20xas long as short
KuCoin CPUSDTM+0.0100%4h0.01385+0.072%$198K$890K20xas long as short
Bitget CPUSDT+0.0100%4h0.01384+0.014%$781K$1.5M20xas long as short
BloFin CP-USDTshort+0.0114%4h0.01389+0.361%$424$41K20x