Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 119.74 | +0.0200 | pay 0.0200% / 8h | 3h 13m | $631K | $128K | 20x | Long MEXC | |
| SHORT | 119.31 | +0.0011 | get 0.0001% / 1h | 13m 07s | $1.1M | $6.5M | 10x | Short QFEX10% off |
Price gap−0.359%48s
Funding gap−0.0189% /8h
Both sides work against this direction now: funding costs $6 a day on $10k and the gap is 0.480% 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+$1−0.0189% /8h now · paid +0.014% over the last 7D
Price—spread −0.359%48s now · prices read too far apart to compare
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.014% in total, about +0.0007%/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−0.359%
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
/8hFLEX on 8 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than QFEX’s order book right now.
- Note: Margin at max leverage$500 + $1,000MEXC 20x, QFEX 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: −$5.66Long MEXC: 3 payments, −$6.00; short QFEX: 24 payments, +$0.34.
- Watch: Prices read 48 s apart−0.359% vs +0.121%Part of this gap may be the market moving.
- Watch: Long leg is thinner$631K vs $1.1M OIMEXC sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · QFEX 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+0.0007%/8h × 21 periods+$1.40
Price spreadprices read too far apart to compare—
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee MEXC bp × 2 orders$0.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k—
doesn’t fit the books at $10kprice spread not counted: prices read too far apartCosts to cover—Break-even—
Slippage: MEXC: live order book, 20 min ago; QFEX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC72.46150.9 bp−$151288.0 bp−$2,880351.2 bp−$35.1Kdoesn’t fit
SELL · SHORTQFEX31.85doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
