Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.16 per $10,000 · paid last 24h +0.021%
Price spread now: MEXC against BingX0.000%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1051.052% of the position
Funding, last 7 days−1.865%−$187 on $10k
+Price spread, last 7 days+0.156%+$16 · spread now 0.000%, 7d avg −0.001%
=The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −1.865%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX CNPY-USDT | 0.4162 | 0.0628 | pay 0.0314% / 4h | 3h 31m | — | $1.4M | — |
| Short | MEXC CNPY_USDT | 0.4162 | 0.0660 | get 0.0330% / 4h | 3h 31m | $1.1M | $644K | 20x |
BingX CNPY-USDT
MEXC CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- $6.72
- Price spread: 0.000% → −0.001%
- $0.05
- Slippage, 4 orders
- −$91.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$98.38
- Costs to cover
- 1.052%
- Break-even
- 109.5 days
Slippage from BingX: live order book, 11 min ago; MEXC: 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 BingX live order book, 11 min ago | 4.78 bp | 35.8 bp −$36 | 106.2 bp −$1,062 | 741.1 bp −$74.1K | 1128.6 bp −$564.3K |
| Sell MEXC live order book, 5 min ago | 1.20 bp | 17.4 bp −$17 | 113.2 bp −$1,132 | 477.2 bp −$47.7K | 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 | 0.4151 | −0.264% | $1.1M | $5.3M | 20x | as long as short |
| BingX CNPY-USDTlong | +0.0628% | 4h | 0.4162 | long leg | — | $1.4M | — | |
| MEXC CNPY_USDTshort | +0.0660% | 4h | 0.4162 | 0.000% | $1.1M | $644K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0662% | 4h | 0.4177 | +0.360% | $1.5M | $19.0M | 20x | as long as short |
| BloFin CNPY-USDT | +0.0718% | 4h | 0.4177 | +0.360% | $69K | $257K | 20x | as long as short |
Gate CNPY_USDT
OKX CNPY-USDT-SWAP
BloFin CNPY-USDT