Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.4165 | −0.0191 | get 0.0024% / 1h | 2m 51s | $269K | $122K | 25x | Long TxFlow5% off | |
| SHORT | 0.4169 | −0.0026 | pay 0.0013% / 4h | 1h 02m | $2.7M | $1.5M | 50x | Short MEXC |
Price gap+0.096%
Funding gap+0.0165% /8h
Funding pays +$5 a day on $10k, but the gap is 0.039% under its 7d average: −$4 if it goes back, about 19 hours of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$43+0.0165% /8h now · paid +0.435% over the last 7D
Price−$4spread +0.096% now, avg +0.135% → −0.039% if it goes back
Costs−$280.279% of $10k · taker + slippage, in and out
Result+$12+0.12%+ Points / potential airdropTxFlow: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.096%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hJTO on 25 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books13.2 / 2.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $200TxFlow 25x, MEXC 50x. 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: +$4.95Long TxFlow: 24 payments, +$5.73; short MEXC: 6 payments, −$0.78.
- Watch: Gap narrower than usual+0.096% vs +0.135%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$269K vs $2.7M OITxFlow sets your exit cost. Check its book before closing.
- OK: Points on a legTxFlow pointsVolume here counts toward the points program.
- Watch: KYCTxFlow 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+0.0207%/8h × 21 periods+$43.48
Price spread+0.096% → +0.135% (7d avg)−$3.88
Slippage, 4 orderslive order books−$18.92
Fee TxFlow bp × 2 orders−$9.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k+$11.68
Costs to cover0.279%Break-even5.1 days
Slippage: TxFlow: live order book, 20 min ago; MEXC: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGTxFlow1.2013.2 bp−$1333.0 bp−$330341.0 bp−$34.1Kdoesn’t fit
SELL · SHORTMEXC1.202.2 bp−$28.7 bp−$8758.9 bp−$5,890156.3 bp−$78.1K
Closing costs about the same again.
| 09-28 15:16 | Phoenix | Contest | It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗ |
| 09-25 14:48 | Phoenix | Contest | $SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗ |
| 09-18 10:04 | Deribit | Listing | 🚨 Now live on Deribit: MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM USDC-settled perpetuals. ↓ @DeribitOfficial on X ↗ |
| 09-17 15:30 | Deribit | Listing | 🚨 More new perpetual futures are coming to Deribit We are pleased to announce that tomorrow, September 18, 2026, at 10:00 AM UTC, Deribit is launching a new lineup of USDC-settled perpetuals. MORPHO · AERO · BASED1 · S · EIGEN · JTO · NIGHT · AVNT · STRK · COMP · ALT · DYDX · OPN · TOWNS · PYTH · RUNE · RESOLV · ATOM Contract details: 🔹Settlement: USDC 🔹All contract details and specifications 🔽 Please note that these newly listed perpetual contracts are subject to our Auto-Deleveraging Mechanism (ADL) and are covered by the Liquidity Support Program (LSP). By trading any of the products listed above, you acknowledge and agree that the terms of ADL and LSP will apply. @DeribitOfficial on X ↗ |

Phoenix
Deribit