Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.000003633 | −0.0156 | get 0.0019% / 1h | 52m 41s | $114K | $192K | 10x | Long Phoenix | |
| SHORT | 0.000003631 | +0.0100 | get 0.0050% / 4h | 1h 52m | $8.8M | $5.7M | 125x | Short MEXC |
Price gap−0.055%47s
Funding gap+0.0256% /8h
Funding trade: +$8 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
The two prices were read 47 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$74+0.0256% /8h now · paid +0.741% over the last 6 days (all we have)
Price—spread −0.055%47s now · prices read too far apart to compare
Costs−$650.653% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
MEXC price against Phoenixnow
RANGE STATS · 7D
Now−0.055%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hBONK on 31 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size27.4 / 4.4 bpAt $10k entering Phoenix costs 27.4 bp, fee and slippage, 6.3× MEXC’s.
- Note: Margin at max leverage$1,000 + $80Phoenix 10x, MEXC 125x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$7.68Long Phoenix: 24 payments, +$4.68; short MEXC: 6 payments, +$3.00.
- Watch: Prices read 47 s apart−0.055% vs −0.040%Part of this gap may be the market moving.
- Watch: Long leg is thinner$114K vs $8.8M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · MEXC YesKYC before trading since Feb 2026; unverified accounts see market data only.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0406%/8h × 21 periods+$85.17
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$58.33
Fee Phoenix bp × 2 orders−$7.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k+$19.84
price spread not counted: prices read too far apartCosts to cover0.653%Break-even5.4 days
Slippage: Phoenix: live order book, 45 min ago; MEXC: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.7927.4 bp−$2792.4 bp−$924doesn’t fitdoesn’t fit
SELL · SHORTMEXC1.404.4 bp−$411.8 bp−$11867.2 bp−$6,718124.7 bp−$62.3K
Closing costs about the same again.
| 09-24 20:40 | Phoenix | Listing | Now live: $Bonk - 10x leverage. The coin that started it all is now available on Phoenix. @PhoenixTrade on X ↗ |
| 09-24 15:00 | Phoenix | Listing | new market kBONK ($BONK) seen by our collector |
| 09-22 07:03 | ApeX Omni | Other | 59 up, 26 down on the ApeX board, median name +2.5%. Memecoins swept it: ethereum:0x6982508145454ce325ddbe47a25d4ec3d2311933 +25.9%, $BONK +20.5%, $WIF +20.1%, with $TAO +18.2%. $AR -15.0% is the only real casualty. This is what a short squeeze looks like on day two. @OfficialApeXdex on X ↗ |
ApeX Omni