ArbiLayer

CNPY arbitrage

live

Live Canopy price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.13%MEXC → MEXC · Spot–Perp
Best perp–perp spread-0.03%MEXC → OKX
Markets tracked64 venues · 3 perp · 3 spot · 0 DEX
Price range0.28%$0.287 – $0.2878

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
MEXC logoMEXC$0.2878OKX logoOKX$0.2877 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
Gate logoGate$0.2878MEXC logoMEXC$0.2877 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
Gate logoGate$0.2878OKX logoOKX$0.2877 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
OKX logoOKX$0.2878MEXC logoMEXC$0.2877 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
MEXC logoMEXC$0.2878Gate logoGate$0.2872 -0.21%-0.37% -0.21%— 0.000%— LS Chart →
OKX logoOKX$0.2878Gate logoGate$0.2872 -0.21%-0.37% -0.21%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

CNPY price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · CNPY-USDT-SWAPPerpetual $0.2877$0.2878$0.2878+0.09% +0.030%$2.61M
Bitget logoBitgetSpot · CNPYUSDTSpot $0.2871$0.2877$0.2874-0.03% —$143.3K
Gate logoGateSpot · CNPY_USDTSpot $0.2872$0.2877$0.2875-0.01% —$126.2K
MEXC logoMEXCPerpetual · CNPY_USDTPerpetual $0.2877$0.2878$0.2878+0.09% +0.030%$119.6K
Gate logoGatePerpetual · CNPY_USDTPerpetual $0.2872$0.2878$0.2875+0.01% +0.030%$89.3K
MEXC logoMEXCSpot · CNPYUSDTSpot $0.2864$0.2875$0.287-0.19% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

CNPY arbitrage explained

Right now Canopy (CNPY) trades on 4 venues we scan: 3 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on MEXC spot at $0.2875 and the highest bid on OKX perp at $0.2877.

The widest CNPY perpetual spread is between MEXC and OKX: long CNPY on MEXC at $0.2878 and short on OKX at $0.2877 for -0.03% gross, or -0.19% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best CNPY route is to buy spot on MEXC and short the perpetual on MEXC: +0.07% gross, -0.13% net, with +0.030% a day of funding on the short leg.

Spot–spot CNPY arbitrage (buy on MEXC, withdraw, deposit and sell on Gate) shows -0.09% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small CNPY gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: CNPY funding rates · CNPY spread charts · Canopy price · arbitrage scanner for all coins.

Is there a CNPY arbitrage opportunity right now?

The best CNPY route right now is to buy on MEXC spot → sell on MEXC (Spot–Perp): +0.07% gross and -0.13% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest CNPY?

MEXC (spot) has the lowest CNPY ask at $0.2875, and OKX (perp) the highest bid at $0.2877. Prices update every 15 seconds on this page.

How many exchanges list CNPY?

ArbiLayer tracks 6 CNPY markets on 4 venues: 3 perpetual, 3 spot and 0 DEX pools.

How do I arbitrage CNPY without transferring coins?

Use two perpetual contracts: go long CNPY on the cheaper exchange (MEXC now) and short it on the more expensive one (OKX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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