CNPY Funding Rate — live across 4 venues

Perpetual funding · compared across 4 venues · net of estimated fees · updated every few minutes

Live annualized CNPY perpetual funding across all 4 venues Perpia tracks. Right now CNPY funding is positive on 4 and negative on 0, ranging from +62.3% on OKX to +10.9% on Gate.io — a spread of 51.4%. The widest delta-neutral trade is long Gate.io / short OKX at 47.0% net APR.

4venues

4paying positive

51.4%funding spread

Best CNPY spread now

47.0%

net APR after fees

LongGate.io↗→ShortOKX↗

size depends on live venue depth — see the real cap in the scanner

CNPY funding trend & liquidity

169h of history

51.4%current gross APR

-0.3%24h average

4.6%7-day average

$452Kpair OI · lower leg

$335K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

CNPY · Gate.io → OKX — no history

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Build a route

any two of the 4 venues

Long (pays you)every 4hShort (you collect)every 4h

Gross spread+51.4%+$14.07 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 4 venues

Venue	Funding APR ↓	Interval
OKX↗short	+62.3%	every 4h
MEXC↗	+59.6%	every 4h
BingX↗	+32.4%	every 4h
Gate.io↗long	+10.9%	every 4h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Gate.io vs OKX page. 5 pairs scanned for CNPY.

CNPY arbitrage — 30-day backtest

long Gate.io · short OKX

16.6%backtested APR

+$136historical net P&L on $10,000

1.00%max drawdown

$10,000$10,136

30 days agostarting capital $10,000today

Over the last 30 days, holding long Gate.io / short OKX would have produced 16.6% APR — versus the 47.0% the live spread implies right now (equity $10,000 → $10,136). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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CNPY — FAQ

Is CNPY funding positive right now?

CNPY perpetual funding is positive on 4 of 4 venues Perpia tracks. The highest is +62.3% on OKX; the lowest is +10.9% on Gate.io.

What is the best CNPY funding arbitrage right now?

Go long Gate.io and short OKX for about 47.0% net APR after fees — the widest delta-neutral CNPY spread Perpia currently sees.

Which exchange has the highest CNPY funding rate?

OKX, at +62.3% annualized. Funding shifts continuously, so check the live table above before trading.

How CNPY funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to CNPY

also quoted on both Gate.io and OKX

The same two exchanges you would already have funded for the CNPY trade. Every spread between them is on the Gate.io vs OKX page.

Open the live scanner →All funding rates Funding by exchange How we calculate this