Funding you earn now, next payment 04:00 UTC−0.0632%/8h= −69.2% APRnext payment −$3.16 per $10,000 · paid last 24h −0.145%
Price spread now: Gate against MEXC−0.121%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1761.764% of the position
Funding, last 7 days+0.699%+$70 on $10k
+Price spread, last 7 days+0.227%+$23 · spread now −0.121%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Gate is 0.136% cheaper against MEXC than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.699%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CNPY_USDT | 0.4127 | 0.0732 | pay 0.0366% / 4h | 2h 53m | $1.0M | $629K | 20x |
| Short | Gate CNPY_USDT | 0.4122 | 0.0100 | get 0.0050% / 4h | 2h 53m | $1.1M | $4.7M | 20x |
MEXC CNPY_USDT
Gate CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$132.72
- Price spread: −0.121% → +0.015%
- −$13.57
- Slippage, 4 orders
- −$157.37
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$322.66
- Costs to cover
- 1.764%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 7 min ago; Gate: 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 MEXC live order book, 7 min ago | 1.21 bp | 17.8 bp −$18 | 114.6 bp −$1,146 | 463.7 bp −$46.4K | doesn't fit |
| Sell Gate live order book, 5 min ago | 3.56 bp | 58.5 bp −$58 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CNPY_USDTshort | +0.0100% | 4h | 0.4122 | −0.121% | $1.1M | $4.7M | 20x | |
| BingX CNPY-USDT | +0.0712% | 4h | 0.4128 | +0.024% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDT | +0.0719% | 4h | 0.4140 | +0.315% | $67K | $257K | 20x | as long as short |
| OKX CNPY-USDT-SWAP | +0.0724% | 4h | 0.4135 | +0.194% | $1.4M | $18.8M | 20x | as long as short |
| MEXC CNPY_USDTlong | +0.0732% | 4h | 0.4127 | long leg | $1.0M | $629K | 20x |
BingX CNPY-USDT
BloFin CNPY-USDT
OKX CNPY-USDT-SWAP