Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1.7007 | +0.0022 | pay 0.0011% / 4h | 3h 25m | $6.7M | $3.1M | 125x | Long MEXC | |
| SHORT | 1.7057 | −0.0093 | pay 0.0012% / 1h | 25m 04s | $199K | $22K | 5x | Short Phoenix |
Price gap+0.294%
Funding gap−0.0115% /8h
The gap pays +$24 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 6.9 days. At the last 7 days' pace that is about 2.1 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$80−0.0115% /8h now · paid −0.800% over the last 7D
Price+$24spread +0.294% now, avg +0.058% → +0.236% if it goes back
Costs−$470.468% of $10k · taker + slippage, in and out
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+0.294%
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
/8hZRO on 30 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size2.9 / 20.7 bpAt $10k entering Phoenix costs 20.7 bp, fee and slippage, 7.3× MEXC’s.
- Note: Margin at max leverage$80 + $2,000MEXC 125x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$3.44Long MEXC: 6 payments, −$0.66; short Phoenix: 24 payments, −$2.78.
- OK: Entry gap works for you+0.294% vs +0.058%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$199K vs $6.7M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · Phoenix NoKYC 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−0.0381%/8h × 21 periods−$79.99
Price spread+0.294% → +0.058% (7d avg)+$23.59
Slippage, 4 orderslive order books−$35.79
Fee MEXC bp × 2 orders−$4.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$103.19
Costs to cover0.468%Break-evennever at this rate
Slippage: MEXC: live order book, 3 min ago; Phoenix: live order book, 7 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC0.592.9 bp−$324.1 bp−$24173.9 bp−$7,393421.9 bp−$210.9K
SELL · SHORTPhoenix2.9220.7 bp−$2158.9 bp−$589doesn’t fitdoesn’t fit
Closing costs about the same again.
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