Funding you earn now, next payment 12:00 UTC−0.0003%/8h= −0.3% APRnext payment −$0.02 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against OKX−0.024%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$790.790% of the position
Funding, last 7 days+0.004%$0 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now −0.024%, 7d avg +0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.034% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CNPY-USDT-SWAP | 0.4228 | 0.1009 | pay 0.0505% / 4h | 3h 57m | $1.5M | $18.3M | 20x |
| Short | MEXC CNPY_USDT | 0.4227 | 0.1006 | get 0.0503% / 4h | 3h 57m | $1.2M | $547K | 20x |
OKX CNPY-USDT-SWAP
MEXC CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against OKX. 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
- −$0.67
- Price spread: −0.024% → +0.010%
- −$3.36
- Slippage, 4 orders
- −$64.97
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$83
- Costs to cover
- 0.790%
- Break-even
- never at this rate
Slippage from OKX: live order book, 1 min ago; MEXC: live order book, 3 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 OKX live order book, 1 min ago | 1.18 bp | 28.7 bp −$29 | 136.3 bp −$1,363 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.36 bp | 12.2 bp −$12 | 104.1 bp −$1,041 | 537.6 bp −$53.8K | 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 | 0.4225 | −0.071% | $1.2M | $1.8M | 20x | as long as short |
| BingX CNPY-USDT | +0.0934% | 4h | 0.4225 | −0.071% | — | $1.3M | — | as long as short |
| MEXC CNPY_USDTshort | +0.1006% | 4h | 0.4227 | −0.024% | $1.2M | $547K | 20x | |
| OKX CNPY-USDT-SWAPlong | +0.1009% | 4h | 0.4228 | long leg | $1.5M | $18.3M | 20x | |
| BloFin CNPY-USDT | +0.1038% | 4h | 0.4228 | 0.000% | $70K | $265K | 20x | as long as short |
Gate CNPY_USDT
BingX CNPY-USDT
BloFin CNPY-USDT