Funding you earn now, next payment 12:00 UTC+0.1340%/8h= +146.8% APRnext payment +$6.70 per $10,000 · paid last 24h +0.025%
Price spread now: MEXC against Phemex+0.172%7-day average −0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$100as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$1031.032% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)−2.165%−$217 · spread now +0.172%, 7d avg −0.017%
=Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and MEXC is 0.189% dearer against Phemex than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.017%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MARSCOINUSDT | 0.1164 | −0.0922 | get 0.0461% / 4h | 3h 44m | $1.7M | $2.5M | 20x |
| Short | MEXC MARSCOIN_USDT | 0.1166 | 0.0418 | get 0.0209% / 4h | 3h 44m | $3.5M | $1.3M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Phemex. 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
- $281.46
- Price spread: +0.172% → −0.017%
- $18.87
- Slippage, 4 orders
- −$87.24
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- $197.09
- Costs to cover
- 1.032%
- Break-even
- 2.1 days
Slippage from Phemex: live order book, 4 min ago; MEXC: live order book, 3 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 Phemex live order book, 4 min ago | 4.80 bp | 40.7 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 2.63 bp | 5.0 bp −$5 | 55.5 bp −$555 | 421.1 bp −$42.1K | doesn't fit |
MARSCOIN on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex MARSCOINUSDTlong | −0.0922% | 4h | 0.1164 | long leg | $1.7M | $2.5M | 20x | |
| SunX MARSCOIN-USDT | +0.0100% | 4h | 0.1165 | +0.112% | — | $827K | 10x | as long as short |
| HTX MARSCOIN-USDT | +0.0100% | 4h | 0.1176 | +1.057% | $92K | $745K | 20x | as long as short |
| MEXC MARSCOIN_USDTshort | +0.0418% | 4h | 0.1166 | +0.172% | $3.5M | $1.3M | 20x | |
| Binance MARSCOINUSDT | +0.0438% | 4h | 0.1165 | +0.139% | $26.9M | $64.0M | 20x | as long as short |
| Bybit MARSCOINUSDT | +0.0545% | 4h | 0.1166 | +0.155% | $8.3M | $14.4M | 20x | as long as short |
| Bitget MARSCOINUSDT | +0.0574% | 4h | 0.1165 | +0.112% | $2.7M | $7.3M | 20x | as long as short |
| Aster MARSCOINUSDT | +0.0647% | 4h | 0.1167 | +0.249% | $652K | $905K | 10x | as long as short |
| BloFin MARSCOIN-USDT | +0.0658% | 4h | 0.1159 | −0.404% | $1.3M | $480K | 20x | as long as short |
| BingX MARSCOIN-USDT | +0.0968% | 4h | 0.1165 | +0.129% | — | $1.3M | — | as long as short |
Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MARSCOINUSDTM | +0.1330% | 4h | 0.1166 | +0.223% | $1.6M | $2.6M | 20x | as long as short |
| Gate MARSCOIN_USDT | +0.1484% | 4h | 0.1153 | −0.954% | $2.1M | $2.2M | 20x | as long as short |
Phemex MARSCOINUSDT
MEXC MARSCOIN_USDT
SunX MARSCOIN-USDT
HTX MARSCOIN-USDT
Binance MARSCOINUSDT
Bybit MARSCOINUSDT
Bitget MARSCOINUSDT
Aster MARSCOINUSDT
BloFin MARSCOIN-USDT
BingX MARSCOIN-USDT
KuCoin MARSCOINUSDTM
Gate MARSCOIN_USDT