Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,918.4 | 0 | 0.0000% / 1h | 49m 02s | $1.0M | $47K | 6x | Long Phoenix | |
| SHORT | 1,875.5 | +0.0050 | get 0.0050% / 8h | 4h 49m | $11.0M | $3.1M | 50x | Short MEXC |
Price gap−2.238%47s
Funding gap+0.0050% /8h
Funding pays +$2 a day on $10k, but the gap is 0.379% under its 7d average: −$38 if it goes back, about 25 days of funding.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10+0.0050% /8h now · paid +0.095% over the last 7D
Price—spread −2.238%47s now · prices read too far apart to compare
Costs−$1651.647% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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−2.238%
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
/8hANTHROPIC on 26 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size43.7 / 37.9 bpAt $10k entering Phoenix costs 43.7 bp, fee and slippage, 1.2× MEXC’s.
- Note: Margin at max leverage$1,667 + $200Phoenix 6x, MEXC 50x. 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: +$1.50Long Phoenix: 24 payments, $0.00; short MEXC: 3 payments, +$1.50.
- Watch: Prices read 47 s apart−2.238% vs −1.859%Part of this gap may be the market moving.
- Watch: Long leg is thinner$1.0M vs $11.0M 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+0.0045%/8h × 21 periods+$9.52
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$153.67
Fee Phoenix bp × 2 orders−$7.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$155.16
price spread not counted: prices read too far apartCosts to cover1.647%Break-even121.1 days
Slippage: Phoenix: live order book, 3 min ago; MEXC: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix3.1343.7 bp−$44252.8 bp−$2,528doesn’t fitdoesn’t fit
SELL · SHORTMEXC6.0437.9 bp−$38167.6 bp−$1,676631.7 bp−$63.2Kdoesn’t fit
Closing costs about the same again.
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Kalshi