Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 31.960 | +0.0050 | pay 0.0006% / 1h | 12m 21s | $137K | $76K | 10x | Long Entropy | |
| SHORT | 31.970 | 0 | 0.0000% / 8h | 3h 12m | $1.0M | $156K | 20x | Short MEXC |
Price gap+0.031%
Funding gap−0.0050% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 0.122% 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−$54−0.0050% /8h now · paid −0.539% over the last 7D
Price−$12spread +0.031% now, avg +0.153% → −0.122% if it goes back
Costs−$1321.318% of $10k · taker + slippage, in and out
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+0.031%
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
/8hIONQ on 15 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size55.4 / 9.7 bpAt $10k entering Entropy costs 55.4 bp, fee and slippage, 5.7× MEXC’s.
- Note: Margin at max leverage$1,000 + $500Entropy 10x, MEXC 20x. 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: −$1.50Long Entropy: 24 payments, −$1.50; short MEXC: 3 payments, $0.00.
- Watch: Gap narrower than usual+0.031% vs +0.153%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$137K vs $1.0M OIEntropy sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCEntropy 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−0.0257%/8h × 21 periods−$53.95
Price spread+0.031% → +0.153% (7d avg)−$12.15
Slippage, 4 orderslive order books−$121.96
Fee Entropy bp × 2 orders−$1.80
Fee MEXC bp × 2 orders−$8.00
Net · 7 days · $10k−$197.86
Costs to cover1.318%Break-evennever at this rate
Slippage: Entropy: live order book, 11 min ago; MEXC: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGEntropy8.9055.4 bp−$55872.6 bp−$8,726doesn’t fitdoesn’t fit
SELL · SHORTMEXC4.699.7 bp−$1022.0 bp−$220163.1 bp−$16.3Kdoesn’t fit
Closing costs about the same again.
| 10-21 15:39 | Variational Omni | Listing | IonQ $IONQ perps are now live with zero fees and up to 20x leverage. @variational_io on X ↗ |
| 10-21 02:21 | Variational Omni | Listing | new market IONQ ($IONQ) seen by our collector |

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