Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 117.58 | −0.0626 | get 0.0626% / 8h | 4h 13m | $1.4M | $107K | 10x | Long Phemex | |
| SHORT | 117.58 | 0 | 0.0000% / 8h | 4h 13m | $536K | $176K | 100x | Short MEXC |
Price gap0.000%
Funding gap+0.0626% /8h
Both sides work: funding pays +$19 a day on $10k, and the gap is 0.084% above its 7d average: +$8 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$15+0.0626% /8h now · paid −0.154% over the last 7D
Price+$8spread 0.000% now, avg −0.084% → +0.084% if it goes back
Costs−$1021.018% of $10k · taker + slippage, in and out
The current funding rate is far above 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
Now0.000%
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
2 ok · 3 to watch- Watch: Thin at this size52.5 / 7.9 bpAt $10k entering Phemex costs 52.5 bp, fee and slippage, 6.6× MEXC’s.
- Note: Margin at max leverage$1,000 + $100Phemex 10x, MEXC 100x. 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: +$18.79Long Phemex: 3 payments, +$18.79; short MEXC: 3 payments, $0.00.
- OK: Entry gap works for you0.000% vs −0.084%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$536K vs $1.4M OIMEXC sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · MEXC YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0073%/8h × 21 periods−$15.35
Price spread0.000% → −0.084% (7d avg)+$8.36
Slippage, 4 orderslive order books−$81.75
Fee Phemex bp × 2 orders−$12.00
Fee MEXC bp × 2 orders−$8.00
Net · 7 days · $10k−$108.74
Costs to cover1.018%Break-evennever at this rate
Slippage: Phemex: live order book, 1 min ago; MEXC: live order book, 25 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex2.1352.5 bp−$522313.7 bp−$23.1Kdoesn’t fitdoesn’t fit
SELL · SHORTMEXC2.137.9 bp−$815.2 bp−$152186.5 bp−$18.7K278.5 bp−$139.2K
Closing costs about the same again.
Avantis