Funding you earn now, next payment 00:00 UTC+0.0246%/8h= +26.9% APRnext payment +$1.23 per $10,000 · paid last 24h +0.169%
Price spread now: MEXC against Gate+0.072%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1581.579% of the position
Funding, last 7 days−0.772%−$77 on $10k
+Price spread, last 7 days−0.259%−$26 · spread now +0.072%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and MEXC is 0.089% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.772%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CNPY_USDT | 0.4139 | 0.0100 | pay 0.0050% / 4h | 8m 24s | $1.1M | $5.8M | 20x |
| Short | MEXC CNPY_USDT | 0.4142 | 0.0346 | get 0.0173% / 4h | 8m 24s | $1.0M | $649K | 20x |
Gate CNPY_USDT
MEXC CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Gate. 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
- $51.66
- Price spread: +0.072% → −0.017%
- $8.95
- Slippage, 4 orders
- −$138.87
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$97.26
- Costs to cover
- 1.579%
- Break-even
- 20.2 days
Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 1 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 Gate live order book, 5 min ago | 3.65 bp | 66.6 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 2.41 bp | 15.7 bp −$16 | 158.2 bp −$1,582 | 571.7 bp −$57.2K | 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_USDTlong | +0.0100% | 4h | 0.4139 | long leg | $1.1M | $5.8M | 20x | |
| BingX CNPY-USDT | +0.0240% | 4h | 0.4150 | +0.266% | — | $1.4M | — | as long as short |
| MEXC CNPY_USDTshort | +0.0346% | 4h | 0.4142 | +0.072% | $1.0M | $649K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0358% | 4h | 0.4142 | +0.072% | $1.5M | $18.7M | 20x | as long as short |
| BloFin CNPY-USDT | +0.0360% | 4h | 0.4136 | −0.072% | $68K | $251K | 20x | as long as short |
BingX CNPY-USDT
OKX CNPY-USDT-SWAP
BloFin CNPY-USDT