Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.1% APRnext payment −$0.05 per $10,000 · paid last 24h +0.002%
Price spread now: MEXC against BloFin+0.100%64s7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs+$19as 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−$900.899% of the position
Funding, last 7 days+1.085%+$108 on $10k
+Price spread, last 3 days (all we have)+1.750%+$175 · spread now +0.100%, 7d avg +0.071%
=The price spread pays, funding is against you. MEXC is 0.029% dearer against BloFin than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of +0.071%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.3 days. Mind the row above: over the last 7 days funding on this pair paid +1.085%, so the current rate has only just turned against you. The two prices were read 64 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 | BloFin CNPY-USDT | 0.3999 | 0.0111 | pay 0.0055% / 4h | 1h 46m | $61K | $232K | 20x |
| Short | MEXC CNPY_USDT | 0.4003 | 0.0100 | get 0.0050% / 4h | 1h 46m | $1.0M | $649K | 20x |
BloFin CNPY-USDT
MEXC CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- −$2.21
- Price spread: +0.100% → +0.071%
- $2.92
- Slippage, 4 orders
- −$73.92
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$89.21
- Costs to cover
- 0.899%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 29 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 BloFin live order book, 29 min ago | 2.52 bp | 22.5 bp −$23 | 96.9 bp −$969 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 3.77 bp | 19.4 bp −$19 | 157.8 bp −$1,578 | 345.5 bp −$34.5K | 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 | 0.4003 | +0.100% | $1.3M | $18.0M | 20x | as long as short |
| Gate CNPY_USDT | +0.0100% | 4h | 0.4006 | +0.175% | $1.1M | $6.1M | 20x | as long as short |
| MEXC CNPY_USDTshort | +0.0100% | 4h | 0.4003 | +0.100% | $1.0M | $649K | 20x | |
| BingX CNPY-USDT | +0.0100% | 4h | 0.4008 | +0.225% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDTlong | +0.0111% | 4h | 0.3999 | long leg | $61K | $232K | 20x |
OKX CNPY-USDT-SWAP
Gate CNPY_USDT
BingX CNPY-USDT