Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 117.44 | 0 | 0.0000% / 8h | 3h 11m | $524K | $190K | 100x | Long MEXC | |
| SHORT | 117.50 | −0.0432 | pay 0.0432% / 8h | 3h 11m | $1.4M | $105K | 10x | Short Phemex |
Price gap+0.051%
Funding gap−0.0432% /8h
Both sides work against this direction now: funding costs $13 a day on $10k and the gap is 0.032% 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+$15−0.0432% /8h now · paid +0.154% over the last 7D
Price−$3spread +0.051% now, avg +0.083% → −0.032% if it goes back
Costs−$1071.066% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.154% in total, about +0.0073%/8h on average.
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+0.051%
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
/8hCSCO on 16 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size2.2 / 53.3 bpAt $10k entering Phemex costs 53.3 bp, fee and slippage, 23.8× MEXC’s.
- Note: Margin at max leverage$100 + $1,000MEXC 100x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$12.95Long MEXC: 3 payments, $0.00; short Phemex: 3 payments, −$12.95.
- Watch: Gap narrower than usual+0.051% vs +0.083%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$524K vs $1.4M OIMEXC sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · Phemex 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+0.0073%/8h × 21 periods+$15.35
Price spread+0.051% → +0.083% (7d avg)−$3.23
Slippage, 4 orderslive order books−$94.59
Fee MEXC bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$94.47
Costs to cover1.066%Break-even50.1 days
Slippage: MEXC: live order book, 12 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC0.432.2 bp−$29.6 bp−$96182.8 bp−$18.3Kdoesn’t fit
SELL · SHORTPhemex0.4353.3 bp−$53doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Avantis