Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.021%
Price spread now: BingX against MEXC+0.121%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs+$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$820.823% of the position
Funding, last 7 days+1.865%+$187 on $10k
+Price spread, last 7 days−0.277%−$28 · spread now +0.121%, 7d avg +0.004%
=The price spread pays, funding is against you. BingX is 0.117% dearer against MEXC than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of +0.004%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. Mind the row above: over the last 7 days funding on this pair paid +1.865%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC CNPY_USDT | 0.4140 | 0.0908 | pay 0.0454% / 4h | 1h 56m | $1.2M | $629K | 20x |
| Short | BingX CNPY-USDT | 0.4145 | 0.0882 | get 0.0441% / 4h | 1h 56m | — | $1.4M | — |
MEXC CNPY_USDT
BingX CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$5.46
- Price spread: +0.121% → +0.004%
- $11.69
- Slippage, 4 orders
- −$68.34
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$76.11
- Costs to cover
- 0.823%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 5 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, 3 min ago | 2.41 bp | 16.7 bp −$17 | 72.8 bp −$728 | 529.2 bp −$52.9K | doesn't fit |
| Sell BingX live order book, 5 min ago | 2.40 bp | 28.7 bp −$29 | 91.2 bp −$912 | 682.1 bp −$68.2K | 1120.9 bp −$560.5K |
CNPY on 4 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 | 0.4134 | −0.145% | $1.1M | $4.2M | 20x | as long as short |
| BingX CNPY-USDTshort | +0.0882% | 4h | 0.4145 | +0.121% | — | $1.4M | — | |
| MEXC CNPY_USDTlong | +0.0908% | 4h | 0.4140 | long leg | $1.2M | $629K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0909% | 4h | 0.4139 | −0.024% | $1.5M | $18.3M | 20x | as long as short |
Gate CNPY_USDT
OKX CNPY-USDT-SWAP