Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.07 per $10,000 · paid last 24h +0.001%
Price spread now: MEXC against OKX−0.143%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$950.953% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days+0.181%+$18 · spread now −0.143%, 7d avg +0.014%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and MEXC is 0.156% cheaper against OKX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX CNPY-USDT-SWAP | 0.4203 | 0.0699 | pay 0.0350% / 4h | 3h 26m | $1.5M | $19.1M | 20x |
| Short | MEXC CNPY_USDT | 0.4197 | 0.0686 | get 0.0343% / 4h | 3h 26m | $1.1M | $644K | 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
- −$2.74
- Price spread: −0.143% → +0.014%
- −$15.63
- Slippage, 4 orders
- −$81.29
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$113.67
- Costs to cover
- 0.953%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; MEXC: 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 OKX live order book, 2 min ago | 1.19 bp | 22.7 bp −$23 | 126.6 bp −$1,266 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 5 min ago | 2.40 bp | 21.0 bp −$21 | 90.0 bp −$900 | 395.2 bp −$39.5K | 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 | 0.4193 | −0.238% | $1.2M | $5.3M | 20x | as long as short |
| BingX CNPY-USDT | +0.0640% | 4h | 0.4203 | 0.000% | — | $1.4M | — | as long as short |
| BloFin CNPY-USDT | +0.0655% | 4h | 0.4202 | −0.024% | $69K | $259K | 20x | as long as short |
| MEXC CNPY_USDTshort | +0.0686% | 4h | 0.4197 | −0.143% | $1.1M | $644K | 20x | |
| OKX CNPY-USDT-SWAPlong | +0.0699% | 4h | 0.4203 | long leg | $1.5M | $19.1M | 20x |
Gate CNPY_USDT
BingX CNPY-USDT
BloFin CNPY-USDT