Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.169%
Price spread now: Gate against MEXC+0.050%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2042.039% of the position
Funding, last 7 days+1.006%+$101 on $10k
+Price spread, last 7 days+0.358%+$36 · spread now +0.050%, 7d avg +0.026%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.024% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CNPY_USDT | 0.3963 | 0.0100 | pay 0.0050% / 4h | 2h 04m | $1.0M | $662K | 20x |
| Short | Gate CNPY_USDT | 0.3965 | 0.0100 | get 0.0050% / 4h | 2h 04m | $1.1M | $6.4M | 20x |
MEXC CNPY_USDT
Gate CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- $0
- Price spread: +0.050% → +0.026%
- $2.4
- Slippage, 4 orders
- −$184.88
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$201.48
- Costs to cover
- 2.039%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Gate: 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, 1 min ago | 1.26 bp | 13.3 bp −$13 | 130.1 bp −$1,301 | 431.1 bp −$43.1K | doesn't fit |
| Sell Gate live order book, 4 min ago | 6.29 bp | 92.3 bp −$92 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX CNPY-USDT-SWAP | +0.0100% | 4h | 0.3963 | 0.000% | $1.3M | $17.7M | 20x | as long as short |
| Gate CNPY_USDTshort | +0.0100% | 4h | 0.3965 | +0.050% | $1.1M | $6.4M | 20x | |
| MEXC CNPY_USDTlong | +0.0100% | 4h | 0.3963 | long leg | $1.0M | $662K | 20x | |
| BingX CNPY-USDT | +0.0100% | 4h | 0.3966 | +0.076% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDT | +0.0124% | 4h | 0.3964 | +0.025% | $60K | $230K | 20x | as long as short |
OKX CNPY-USDT-SWAP
BingX CNPY-USDT
BloFin CNPY-USDT