Funding you earn now, next payment 04:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.22 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against MEXC0.000%109s7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as 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−$860.863% of the position
Funding, last 7 days−1.085%−$108 on $10k
+Price spread, last 3 days (all we have)−1.107%−$111 · spread now 0.000%, 7d avg −0.071%
=The price spread pays, funding is against you. BloFin is 0.071% dearer against MEXC than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.071%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days. At the pace of the last 7 days (−1.085% in total) that is about 11 hours. The two prices were read 109 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 | MEXC CNPY_USDT | 0.4202 | 0.0698 | pay 0.0349% / 4h | 3h 25m | $1.1M | $644K | 20x |
| Short | BloFin CNPY-USDT | 0.4202 | 0.0655 | get 0.0327% / 4h | 3h 25m | $69K | $259K | 20x |
MEXC CNPY_USDT
BloFin CNPY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$9.03
- Price spread: 0.000% → −0.071%
- $7.13
- Slippage, 4 orders
- −$70.29
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$88.2
- Costs to cover
- 0.863%
- Break-even
- never at this rate
Slippage from MEXC: live order book, just now; BloFin: live order book, 41 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, just now | 2.38 bp | 19.9 bp −$20 | 133.2 bp −$1,332 | 333.9 bp −$33.4K | doesn't fit |
| Sell BloFin live order book, 41 min ago | 1.21 bp | 21.0 bp −$21 | 77.7 bp −$777 | 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 | 0.4197 | −0.119% | $1.2M | $5.3M | 20x | as long as short |
| BingX CNPY-USDT | +0.0640% | 4h | 0.4207 | +0.119% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDTshort | +0.0655% | 4h | 0.4202 | 0.000% | $69K | $259K | 20x | |
| MEXC CNPY_USDTlong | +0.0698% | 4h | 0.4202 | long leg | $1.1M | $644K | 20x | |
| OKX CNPY-USDT-SWAP | +0.0721% | 4h | 0.4206 | +0.095% | $1.5M | $19.1M | 20x | as long as short |
Gate CNPY_USDT
BingX CNPY-USDT
OKX CNPY-USDT-SWAP