Funding you earn now, next payment 00:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.05 per $10,000 · paid last 24h −0.001%
Price spread now: OKX against MEXC+0.175%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$1051.053% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days−0.138%−$14 · spread now +0.175%, 7d avg −0.012%
=The price spread pays, funding is against you. OKX is 0.187% dearer against MEXC than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of −0.012%): +$19 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CNPY_USDT | 0.3993 | 0.0528 | pay 0.0264% / 4h | 3h 30m | $954K | $661K | 20x |
| Short | OKX CNPY-USDT-SWAP | 0.4000 | 0.0519 | get 0.0259% / 4h | 3h 30m | $1.3M | $17.9M | 20x |
MEXC CNPY_USDT
OKX CNPY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$1.94
- Price spread: +0.175% → −0.012%
- $18.69
- Slippage, 4 orders
- −$91.35
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$88.6
- Costs to cover
- 1.053%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 14 min ago; OKX: 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 MEXC live order book, 14 min ago | 1.27 bp | 20.3 bp −$20 | 149.4 bp −$1,494 | 491.5 bp −$49.1K | doesn't fit |
| Sell OKX live order book, 3 min ago | 1.25 bp | 33.1 bp −$33 | 160.8 bp −$1,608 | 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 | 0.3998 | +0.125% | $1.1M | $6.5M | 20x | as long as short |
| OKX CNPY-USDT-SWAPshort | +0.0519% | 4h | 0.4000 | +0.175% | $1.3M | $17.9M | 20x | |
| MEXC CNPY_USDTlong | +0.0528% | 4h | 0.3993 | long leg | $954K | $661K | 20x | |
| BingX CNPY-USDT | +0.0568% | 4h | 0.3996 | +0.075% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDT | +0.0569% | 4h | 0.3998 | +0.125% | $60K | $232K | 20x | as long as short |
Gate CNPY_USDT
BingX CNPY-USDT
BloFin CNPY-USDT