Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 321.47 | 0 | 0.0000% / 1h | 5m 56s | $158K | $7K | 20x | Long Phoenix | |
| SHORT | 321.68 | 0 | 0.0000% / 8h | 4h 05m | $11.7M | $536K | 100x | Short MEXC |
Price gap+0.065%107s
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$3 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$400.0000% /8h now · paid −0.404% over the last 7D
Price—spread +0.065%107s now · prices read too far apart to compare
Costs−$210.212% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
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+0.065%
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
/8hGOOGL on 43 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books8.4 / 2.2 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $100Phoenix 20x, MEXC 100x. 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: $0.00Long Phoenix: 24 payments, $0.00; short MEXC: 3 payments, $0.00.
- Watch: Prices read 107 s apart+0.065% vs +0.040%Part of this gap may be the market moving.
- Watch: Long leg is thinner$158K vs $11.7M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix 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−0.0193%/8h × 21 periods−$40.45
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$10.20
Fee Phoenix bp × 2 orders−$7.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$61.65
price spread not counted: prices read too far apartCosts to cover0.212%Break-evennever at this rate
Slippage: Phoenix: live order book, 14 min ago; MEXC: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.498.4 bp−$817.4 bp−$174doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.162.2 bp−$22.3 bp−$235.1 bp−$507132.8 bp−$66.4K
Closing costs about the same again.
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