Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 120.70 | +0.0947 | pay 0.0118% / 1h | 54m 23s | $532K | $25K | 10x | Long tradeXYZ | |
| SHORT | 121.14 | −0.1444 | pay 0.1444% / 8h | 4h 54m | $536K | $100K | 50x | Short MEXC |
Price gap+0.365%
Funding gap−0.2391% /8h
The gap pays +$22 on $10k if it goes back to its 7d average, but funding costs $72 a day and eats that in about 7 hours. At the last 7 days' pace that is about 6.4 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$23−0.2391% /8h now · paid −0.235% over the last 7D
Price+$22spread +0.365% now, avg +0.149% → +0.216% if it goes back
Costs−$1021.022% of $10k · taker + slippage, in and out
Result−$104−1.04%+ Points / potential airdroptradeXYZ: points · farm boardWhat the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.235% in total, about −0.0112%/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+0.365%
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
2 ok · 4 to watch- Watch: Thin at this size25.1 / 28.8 bpAt $10k entering MEXC costs 28.8 bp, fee and slippage, 1.1× tradeXYZ’s.
- Note: Margin at max leverage$1,000 + $200tradeXYZ 10x, 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: −$71.73Long tradeXYZ: 24 payments, −$28.41; short MEXC: 3 payments, −$43.32.
- OK: Entry gap works for you+0.365% vs +0.149%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$532K vs $536K OItradeXYZ sets your exit cost. Check its book before closing.
- OK: Points on a legtradeXYZ pointsVolume here counts toward the points program.
- Watch: KYCtradeXYZ 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−0.0112%/8h × 21 periods−$23.48
Price spread+0.365% → +0.149% (7d avg)+$21.57
Slippage, 4 orderslive order books−$96.39
Fee tradeXYZ bp × 2 orders−$1.80
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$104.10
Costs to cover1.022%Break-evennever at this rate
Slippage: tradeXYZ: live order book, 16 min ago; MEXC: live order book, 10 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGtradeXYZ10.7825.1 bp−$2564.0 bp−$640288.8 bp−$28.9Kdoesn’t fit
SELL · SHORTMEXC17.7628.8 bp−$29186.2 bp−$1,862233.8 bp−$23.4Kdoesn’t fit
Closing costs about the same again.
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