Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against MEXC−0.126%94s7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$850.846% of the position
Funding, last 7 days−1.085%−$108 on $10k
+Price spread, last 3 days (all we have)−2.605%−$261 · spread now −0.126%, 7d avg −0.074%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.052% 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 −0.074%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CNPY_USDT | 0.3965 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $993K | $658K | 20x |
| Short | BloFin CNPY-USDT | 0.3960 | 0.0104 | get 0.0052% / 4h | 2h 27m | $61K | $230K | 20x |
MEXC CNPY_USDT
BloFin CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $0.8
- Price spread: −0.126% → −0.074%
- −$5.19
- Slippage, 4 orders
- −$68.64
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$89.04
- Costs to cover
- 0.846%
- Break-even
- 790.8 days
Slippage from MEXC: live order book, 57 min ago; BloFin: live order book, 55 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, 57 min ago | 3.80 bp | 13.1 bp −$13 | 123.3 bp −$1,233 | 391.0 bp −$39.1K | doesn't fit |
| Sell BloFin live order book, 55 min ago | 2.53 bp | 26.7 bp −$27 | 84.2 bp −$842 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CNPY-USDT-SWAP | +0.0100% | 4h | 0.3973 | +0.202% | $1.3M | $17.8M | 20x | as long as short |
| Gate CNPY_USDT | +0.0100% | 4h | 0.3969 | +0.101% | $1.1M | $6.4M | 20x | as long as short |
| MEXC CNPY_USDTlong | +0.0100% | 4h | 0.3965 | long leg | $993K | $658K | 20x | |
| BingX CNPY-USDT | +0.0100% | 4h | 0.3974 | +0.227% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDTshort | +0.0104% | 4h | 0.3960 | −0.126% | $61K | $230K | 20x |
OKX CNPY-USDT-SWAP
Gate CNPY_USDT
BingX CNPY-USDT