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: BingX against MEXC−0.050%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs+$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$108as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days+2.074%+$207 on $10k
+Price spread, last 7 days−0.034%−$3 · spread now −0.050%, 7d avg 0.000%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.050% cheaper against MEXC than usual: you would sell low and buy high, −$5 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 | MEXC CNPY_USDT | 0.3961 | 0.0100 | pay 0.0050% / 4h | 2h 35m | $992K | $658K | 20x |
| Short | BingX CNPY-USDT | 0.3959 | 0.0100 | get 0.0050% / 4h | 2h 35m | — | $1.4M | — |
MEXC CNPY_USDT
BingX CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against MEXC. 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: −0.050% → 0.000%
- −$5.01
- Slippage, 4 orders
- −$89.17
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$108.19
- Costs to cover
- 1.032%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 49 min ago; BingX: 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 MEXC live order book, 49 min ago | 3.80 bp | 13.1 bp −$13 | 123.3 bp −$1,233 | 391.0 bp −$39.1K | doesn't fit |
| Sell BingX live order book, 1 min ago | 2.53 bp | 36.3 bp −$36 | 93.3 bp −$933 | 1224.2 bp −$122.4K | 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 | +0.0083% | 4h | 0.3959 | −0.050% | $60K | $229K | 20x | as long as short |
| OKX CNPY-USDT-SWAP | +0.0100% | 4h | 0.3962 | +0.025% | $1.3M | $17.7M | 20x | as long as short |
| Gate CNPY_USDT | +0.0100% | 4h | 0.3963 | +0.050% | $1.1M | $6.4M | 20x | as long as short |
| MEXC CNPY_USDTlong | +0.0100% | 4h | 0.3961 | long leg | $992K | $658K | 20x | |
| BingX CNPY-USDTshort | +0.0100% | 4h | 0.3959 | −0.050% | — | $1.4M | — |
BloFin CNPY-USDT
OKX CNPY-USDT-SWAP
Gate CNPY_USDT