Funding you earn now, next payment 04:00 UTC+0.0006%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.004%
Price spread now: MEXC against BloFin−0.024%94s7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs+$34as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$750.747% of the position
Funding, last 7 days+1.085%+$108 on $10k
+Price spread, last 3 days (all we have)+1.131%+$113 · spread now −0.024%, 7d avg +0.071%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.095% cheaper against BloFin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.071%. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin CNPY-USDT | 0.4157 | 0.0728 | pay 0.0364% / 4h | 3h 03m | $69K | $257K | 20x |
| Short | MEXC CNPY_USDT | 0.4156 | 0.0734 | get 0.0367% / 4h | 3h 03m | $1.0M | $649K | 20x |
BloFin CNPY-USDT
MEXC CNPY_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against BloFin. 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
- $1.23
- Price spread: −0.024% → +0.071%
- −$9.53
- Slippage, 4 orders
- −$58.74
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$83.05
- Costs to cover
- 0.747%
- Break-even
- 480.7 days
Slippage from BloFin: live order book, 62 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 BloFin live order book, 62 min ago | 1.21 bp | 26.8 bp −$27 | 77.9 bp −$779 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.20 bp | 10.8 bp −$11 | 69.0 bp −$690 | 317.8 bp −$31.8K | 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 | 0.4154 | −0.072% | $1.1M | $5.4M | 20x | as long as short |
| OKX CNPY-USDT-SWAP | +0.0727% | 4h | 0.4155 | −0.048% | $1.4M | $18.8M | 20x | as long as short |
| BloFin CNPY-USDTlong | +0.0728% | 4h | 0.4157 | long leg | $69K | $257K | 20x | |
| BingX CNPY-USDT | +0.0732% | 4h | 0.4160 | +0.072% | — | $1.4M | — | as long as short |
| MEXC CNPY_USDTshort | +0.0734% | 4h | 0.4156 | −0.024% | $1.0M | $649K | 20x |
Gate CNPY_USDT
OKX CNPY-USDT-SWAP
BingX CNPY-USDT