Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 8.8510 | −0.0054 | get 0.0007% / 1h | 23m 11s | $4K | $233K | 10x | Long Phoenix | |
| SHORT | 8.8510 | +0.0100 | get 0.0100% / 8h | 6h 23m | $50.8M | $25.7M | 200x | Short MEXC |
Price gap0.000%
Funding gap+0.0154% /8h
Both sides work: funding pays +$5 a day on $10k, and the gap is 0.028% above its 7d average: +$3 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$52+0.0154% /8h now · paid +0.518% over the last 7D
Price+$3spread 0.000% now, avg −0.028% → +0.028% if it goes back
Costs−$320.319% of $10k · taker + slippage, in and out
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
Now0.000%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hUNI on 41 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Large against open interest12.7 / 2.6 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$1,000 + $50Phoenix 10x, MEXC 200x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$4.63Long Phoenix: 24 payments, +$1.63; short MEXC: 3 payments, +$3.00.
- OK: Entry gap works for you0.000% vs −0.028%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$4K vs $50.8M 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+0.0247%/8h × 21 periods+$51.83
Price spread0.000% → −0.028% (7d avg)+$2.81
Slippage, 4 orderslive order books−$20.91
Fee Phoenix bp × 2 orders−$7.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k+$22.73
Costs to cover0.319%Break-even3.9 days
Slippage: Phoenix: live order book, 14 min ago; MEXC: live order book, 6 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix1.0112.7 bp−$1353.0 bp−$530doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.562.6 bp−$34.0 bp−$4020.6 bp−$2,062171.8 bp−$85.9K
Closing costs about the same again.
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