Funding you earn now, next payment 08:00 UTC+0.0013%/8h= +1.4% APRnext payment +$0.07 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against MEXC+0.071%7-day average −0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$860.864% of the position
Funding, last 7 days−1.081%−$108 on $10k
+Price spread, last 4 days (all we have)−1.178%−$118 · spread now +0.071%, 7d avg −0.080%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.151% dearer against MEXC than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.080%. Mind the row above: over the last 7 days funding on this pair cost −1.081%, 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 | MEXC CNPY_USDT | 0.4201 | 0.1164 | pay 0.0582% / 4h | 1h 25m | $1.1M | $568K | 20x |
| Short | BloFin CNPY-USDT | 0.4204 | 0.1177 | get 0.0589% / 4h | 1h 25m | $74K | $261K | 20x |
MEXC CNPY_USDT
BloFin CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $2.75
- Price spread: +0.071% → −0.080%
- $15.11
- Slippage, 4 orders
- −$70.44
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$68.57
- Costs to cover
- 0.864%
- Break-even
- 181.4 days
Slippage from MEXC: live order book, 1 min ago; BloFin: live order book, 51 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, 1 min ago | 3.57 bp | 20.9 bp −$21 | 145.5 bp −$1,455 | 363.9 bp −$36.4K | doesn't fit |
| Sell BloFin live order book, 51 min ago | 2.36 bp | 32.4 bp −$32 | 101.2 bp −$1,012 | 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 | 0.4194 | −0.167% | $1.1M | $2.0M | 20x | as long as short |
| BingX CNPY-USDT | +0.1108% | 4h | 0.4197 | −0.095% | — | $1.4M | — | as long as short |
| MEXC CNPY_USDTlong | +0.1164% | 4h | 0.4201 | long leg | $1.1M | $568K | 20x | |
| OKX CNPY-USDT-SWAP | +0.1172% | 4h | 0.4206 | +0.119% | $1.6M | $18.5M | 20x | as long as short |
| BloFin CNPY-USDTshort | +0.1177% | 4h | 0.4204 | +0.071% | $74K | $261K | 20x |
Gate CNPY_USDT
BingX CNPY-USDT
OKX CNPY-USDT-SWAP