Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.021%
Price spread now: MEXC against BingX+0.024%7-day average −0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1051.052% of the position
Funding, last 7 days−1.865%−$187 on $10k
+Price spread, last 7 days+0.132%+$13 · spread now +0.024%, 7d avg −0.001%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and MEXC is 0.025% dearer against BingX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.001%. Mind the row above: over the last 7 days funding on this pair cost −1.865%, 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 | BingX CNPY-USDT | 0.4157 | 0.0638 | pay 0.0319% / 4h | 3h 35m | — | $1.4M | — |
| Short | MEXC CNPY_USDT | 0.4158 | 0.0658 | get 0.0329% / 4h | 3h 35m | $1.1M | $643K | 20x |
BingX CNPY-USDT
MEXC CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BingX. 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
- $4.2
- Price spread: +0.024% → −0.001%
- $2.46
- Slippage, 4 orders
- −$91.15
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$98.49
- Costs to cover
- 1.052%
- Break-even
- 171.2 days
Slippage from BingX: live order book, 6 min ago; MEXC: live order book, 1 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 BingX live order book, 6 min ago | 4.78 bp | 35.8 bp −$36 | 106.2 bp −$1,062 | 741.1 bp −$74.1K | 1128.6 bp −$564.3K |
| Sell MEXC live order book, 1 min ago | 1.20 bp | 17.4 bp −$17 | 113.2 bp −$1,132 | 477.2 bp −$47.7K | 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 | 0.4150 | −0.168% | $1.1M | $5.3M | 20x | as long as short |
| BingX CNPY-USDTlong | +0.0638% | 4h | 0.4157 | long leg | — | $1.4M | — | |
| MEXC CNPY_USDTshort | +0.0658% | 4h | 0.4158 | +0.024% | $1.1M | $643K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0659% | 4h | 0.4147 | −0.241% | $1.4M | $18.8M | 20x | as long as short |
| BloFin CNPY-USDT | +0.0691% | 4h | 0.4163 | +0.144% | $68K | $256K | 20x | as long as short |
Gate CNPY_USDT
OKX CNPY-USDT-SWAP
BloFin CNPY-USDT