Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 522.18 | +0.0133 | pay 0.0133% / 8h | 27m 26s | $2.8M | $736K | 200x | Long MEXC | |
| SHORT | 522.21 | +0.0169 | get 0.0021% / 1h | 27m 26s | $147K | $5K | 10x | Short Phoenix |
Price gap+0.006%
Funding gap+0.0036% /8h
Both sides work: funding pays +$1 a day on $10k, and the gap is 0.048% above its 7d average: +$5 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$37+0.0036% /8h now · paid +0.368% over the last 7D
Price+$5spread +0.006% now, avg −0.042% → +0.048% if it goes back
Costs−$230.229% 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+0.006%
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
/8hAMD on 39 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- OK: Fits both order books2.1 / 9.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$50 + $1,000MEXC 200x, Phoenix 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$1.07Long MEXC: 3 payments, −$3.99; short Phoenix: 24 payments, +$5.06.
- OK: Entry gap works for you+0.006% vs −0.042%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$147K vs $2.8M 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+0.0175%/8h × 21 periods+$36.79
Price spread+0.006% → −0.042% (7d avg)+$4.82
Slippage, 4 orderslive order books−$11.90
Fee MEXC bp × 2 orders−$4.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$18.72
Costs to cover0.229%Break-even3.4 days
Slippage: MEXC: live order book, 4 min ago; Phoenix: live order book, 38 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC0.102.1 bp−$22.7 bp−$2731.5 bp−$3,151225.2 bp−$112.6K
SELL · SHORTPhoenix2.689.4 bp−$918.7 bp−$187doesn’t fitdoesn’t fit
Closing costs about the same again.
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