Funding you earn now, next payment 04:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against MEXC+0.146%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$900.904% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 7 days−0.189%−$19 · spread now +0.146%, 7d avg −0.012%
=The price spread pays, funding is against you. OKX is 0.158% dearer against MEXC than usual: you sell high and buy low (spread +0.146% now, against its 7-day average of −0.012%): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 51 days. At the pace of the last 7 days (−0.002% in total) that is about 19 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CNPY_USDT | 0.4117 | 0.0840 | pay 0.0420% / 4h | 1h 34m | $1.2M | $632K | 20x |
| Short | OKX CNPY-USDT-SWAP | 0.4123 | 0.0830 | get 0.0415% / 4h | 1h 34m | $1.5M | $18.1M | 20x |
MEXC CNPY_USDT
OKX CNPY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$2.16
- Price spread: +0.146% → −0.012%
- $15.75
- Slippage, 4 orders
- −$76.36
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$76.77
- Costs to cover
- 0.904%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; OKX: live order book, 4 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, 2 min ago | 1.21 bp | 10.8 bp −$11 | 118.1 bp −$1,181 | 402.9 bp −$40.3K | doesn't fit |
| Sell OKX live order book, 4 min ago | 2.42 bp | 31.4 bp −$31 | 124.1 bp −$1,241 | 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_USDT | +0.0100% | 4h | 0.4110 | −0.170% | $1.1M | $4.2M | 20x | as long as short |
| BingX CNPY-USDT | +0.0820% | 4h | 0.4109 | −0.194% | — | $1.4M | — | as long as short |
| OKX CNPY-USDT-SWAPshort | +0.0830% | 4h | 0.4123 | +0.146% | $1.5M | $18.1M | 20x | |
| MEXC CNPY_USDTlong | +0.0840% | 4h | 0.4117 | long leg | $1.2M | $632K | 20x | |
| BloFin CNPY-USDT | +0.0900% | 4h | 0.4113 | −0.097% | $68K | $257K | 20x | as long as short |
Gate CNPY_USDT
BingX CNPY-USDT
BloFin CNPY-USDT