Funding you earn now, next payment 12:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.01 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against OKX−0.123%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$102as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1021.021% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days+0.158%+$16 · spread now −0.123%, 7d avg +0.009%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.132% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CNPY-USDT-SWAP | 0.4075 | 0.1167 | pay 0.0584% / 4h | 1h 27m | $1.3M | $18.1M | 20x |
| Short | MEXC CNPY_USDT | 0.4070 | 0.1166 | get 0.0583% / 4h | 1h 27m | $1.2M | $582K | 20x |
OKX CNPY-USDT-SWAP
MEXC CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against OKX. 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
- −$0.23
- Price spread: −0.123% → +0.009%
- −$13.22
- Slippage, 4 orders
- −$88.12
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$115.56
- Costs to cover
- 1.021%
- Break-even
- never at this rate
Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 2 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 OKX live order book, 4 min ago | 1.23 bp | 29.6 bp −$30 | 245.8 bp −$2,458 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 2 min ago | 2.46 bp | 19.4 bp −$19 | 147.3 bp −$1,473 | 597.6 bp −$59.8K | doesn't fit |
CNPY on 5 exchanges
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 | 0.4067 | −0.196% | $1.1M | $1.8M | 20x | as long as short |
| BingX CNPY-USDT | +0.1142% | 4h | 0.4069 | −0.147% | — | $1.3M | — | as long as short |
| BloFin CNPY-USDT | +0.1163% | 4h | 0.4061 | −0.344% | $68K | $262K | 20x | as long as short |
| MEXC CNPY_USDTshort | +0.1166% | 4h | 0.4070 | −0.123% | $1.2M | $582K | 20x | |
| OKX CNPY-USDT-SWAPlong | +0.1167% | 4h | 0.4075 | long leg | $1.3M | $18.1M | 20x |
Gate CNPY_USDT
BingX CNPY-USDT
BloFin CNPY-USDT