Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 121.10 | −0.1687 | get 0.1687% / 8h | 3h 57m | $532K | $100K | 50x | Long MEXC | |
| SHORT | 120.53 | +0.0371 | get 0.0046% / 1h | 57m 39s | $532K | $34K | 10x | Short tradeXYZ |
Price gap−0.471%
Funding gap+0.2058% /8h
Funding pays +$62 a day on $10k, but the gap is 0.321% under its 7d average: −$32 if it goes back, about 12 hours of funding. At the last 7 days' pace that is about 9.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$25+0.2058% /8h now · paid +0.251% over the last 7D
Price−$32spread −0.471% now, avg −0.150% → −0.321% if it goes back
Costs−$1061.061% of $10k · taker + slippage, in and out
Result−$113−1.13%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.251% in total, about +0.0119%/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−0.471%
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
/8hEBAY on 12 exchanges
lowest funding firstBefore you open
1 ok · 5 to watch- Watch: Thin at this size28.9 / 18.7 bpAt $10k entering MEXC costs 28.9 bp, fee and slippage, 1.6× tradeXYZ’s.
- Note: Margin at max leverage$200 + $1,000MEXC 50x, tradeXYZ 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: +$61.74Long MEXC: 3 payments, +$50.61; short tradeXYZ: 24 payments, +$11.13.
- Watch: Gap narrower than usual−0.471% vs −0.150%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$532K vs $532K OItradeXYZ sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCMEXC Yes · tradeXYZ 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+0.0119%/8h × 21 periods+$25.07
Price spread−0.471% → −0.150% (7d avg)−$32.11
Slippage, 4 orderslive order books−$100.34
Fee MEXC bp × 2 orders−$4.00
Fee tradeXYZ bp × 2 orders−$1.80
Net · 7 days · $10k−$113.18
Costs to cover1.061%Break-even38.6 days
Slippage: MEXC: live order book, 2 min ago; tradeXYZ: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC11.9828.9 bp−$29153.5 bp−$1,535206.9 bp−$20.7Kdoesn’t fit
SELL · SHORTtradeXYZ16.1818.7 bp−$1958.3 bp−$583263.2 bp−$26.3Kdoesn’t fit
Closing costs about the same again.
| 10-21 17:30 | Kalshi | Other | JUST IN: eBay to cut about 9% of its workforce to simplify operations, per Reuters @Kalshi on X ↗ |
| 10-21 14:21 | Bitget | Listing | new market EBAYUSDT ($EBAY) seen by our collector |


Kalshi
Bitget