Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 523.06 | +0.0153 | pay 0.0019% / 1h | 23m 33s | $147K | $5K | 10x | Long Phoenix | |
| SHORT | 523.07 | +0.0133 | get 0.0133% / 8h | 7h 23m | $2.8M | $685K | 200x | Short MEXC |
Price gap+0.002%
Funding gap−0.0020% /8h
Both sides work against this direction now: funding costs $1 a day on $10k and the gap is 0.041% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$29−0.0020% /8h now · paid −0.287% over the last 7D
Price−$4spread +0.002% now, avg +0.043% → −0.041% 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+0.002%
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
1 ok · 4 to watch- OK: Fits both order books9.4 / 2.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- 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: −$0.60Long Phoenix: 24 payments, −$4.59; short MEXC: 3 payments, +$3.99.
- Watch: Gap narrower than usual+0.002% vs +0.043%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long 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: 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−0.0137%/8h × 21 periods−$28.74
Price spread+0.002% → +0.043% (7d avg)−$4.07
Slippage, 4 orderslive order books−$11.90
Fee Phoenix bp × 2 orders−$7.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$55.72
Costs to cover0.229%Break-evennever at this rate
Slippage: Phoenix: live order book, 37 min ago; MEXC: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.689.4 bp−$918.7 bp−$187doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.102.1 bp−$23.1 bp−$3165.0 bp−$6,499239.9 bp−$119.9K
Closing costs about the same again.
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