Funding you earn now, next payment 00:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h +0.002%
Price spread now: MEXC against BloFin−0.048%7-day average +0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs+$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$770.768% of the position
Funding, last 7 days+1.085%+$108 on $10k
+Price spread, last 3 days (all we have)+1.462%+$146 · spread now −0.048%, 7d avg +0.073%
=Funding pays, the price is against you. MEXC is 0.121% cheaper against BloFin than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.073%). If the spread goes back, that is −$12 on $10k: about 26 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+1.085% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CNPY-USDT | 0.4162 | 0.0410 | pay 0.0205% / 4h | 1m 09s | $67K | $253K | 20x |
| Short | MEXC CNPY_USDT | 0.4160 | 0.0426 | get 0.0213% / 4h | 1m 09s | $1.1M | $650K | 20x |
BloFin CNPY-USDT
MEXC CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $3.29
- Price spread: −0.048% → +0.073%
- −$12.06
- Slippage, 4 orders
- −$60.8
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$85.57
- Costs to cover
- 0.768%
- Break-even
- 189.1 days
Slippage from BloFin: live order book, 5 min ago; MEXC: live order book, 5 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 | 1.21 bp | 26.8 bp −$27 | 77.9 bp −$779 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.42 bp | 17.0 bp −$17 | 129.6 bp −$1,296 | 546.5 bp −$54.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CNPY_USDT | +0.0100% | 4h | 0.4155 | −0.168% | $1.1M | $5.8M | 20x | as long as short |
| BingX CNPY-USDT | +0.0382% | 4h | 0.4161 | −0.024% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDTlong | +0.0410% | 4h | 0.4162 | long leg | $67K | $253K | 20x | |
| MEXC CNPY_USDTshort | +0.0426% | 4h | 0.4160 | −0.048% | $1.1M | $650K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0445% | 4h | 0.4161 | −0.024% | $1.5M | $18.8M | 20x | as long as short |
Gate CNPY_USDT
BingX CNPY-USDT
OKX CNPY-USDT-SWAP