Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.040%
Price spread now: MEXC against BingX−0.274%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$309as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1161.158% of the position
Funding, last 7 days−1.930%−$193 on $10k
+Price spread, last 7 days+0.370%+$37 · spread now −0.274%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.274% cheaper against BingX than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CNPY-USDT | 0.4015 | 0.0100 | pay 0.0050% / 4h | 1h 43m | — | $1.4M | — |
| Short | MEXC CNPY_USDT | 0.4004 | 0.0100 | get 0.0050% / 4h | 1h 43m | $1.0M | $649K | 20x |
BingX CNPY-USDT
MEXC CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- $0
- Price spread: −0.274% → 0.000%
- −$27.36
- Slippage, 4 orders
- −$101.82
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$143.17
- Costs to cover
- 1.158%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; MEXC: 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 BingX live order book, 3 min ago | 2.49 bp | 35.4 bp −$35 | 102.6 bp −$1,026 | 1134.1 bp −$113.4K | 1338.6 bp −$669.3K |
| Sell MEXC live order book, 2 min ago | 1.25 bp | 17.6 bp −$18 | 140.7 bp −$1,407 | 485.0 bp −$48.5K | 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-USDT | +0.0073% | 4h | 0.4003 | −0.299% | $61K | $233K | 20x | as long as short |
| OKX CNPY-USDT-SWAP | +0.0100% | 4h | 0.4008 | −0.174% | $1.3M | $18.0M | 20x | as long as short |
| Gate CNPY_USDT | +0.0100% | 4h | 0.4004 | −0.274% | $1.1M | $6.1M | 20x | as long as short |
| MEXC CNPY_USDTshort | +0.0100% | 4h | 0.4004 | −0.274% | $1.0M | $649K | 20x | |
| BingX CNPY-USDTlong | +0.0100% | 4h | 0.4015 | long leg | — | $1.4M | — |
BloFin CNPY-USDT
OKX CNPY-USDT-SWAP
Gate CNPY_USDT