Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 31.930 | 0 | 0.0000% / 8h | 2h 18m | $1.0M | $155K | 20x | Long MEXC | |
| SHORT | 31.892 | +0.0120 | get 0.0015% / 1h | 18m 46s | $136K | $72K | 10x | Short Entropy |
Price gap−0.119%
Funding gap+0.0120% /8h
Both sides work: funding pays +$4 a day on $10k, and the gap is 0.035% above its 7d average: +$4 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$53+0.0120% /8h now · paid +0.534% over the last 7D
Price+$4spread −0.119% now, avg −0.154% → +0.035% if it goes back
Costs−$1391.392% 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−0.119%
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
1 ok · 4 to watch- Watch: Thin at this size13.0 / 57.9 bpAt $10k entering Entropy costs 57.9 bp, fee and slippage, 4.5× MEXC’s.
- Note: Margin at max leverage$500 + $1,000MEXC 20x, Entropy 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: +$3.59Long MEXC: 3 payments, $0.00; short Entropy: 24 payments, +$3.59.
- OK: Entry gap works for you−0.119% vs −0.154%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$136K vs $1.0M OIEntropy sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · Entropy 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+0.0254%/8h × 21 periods+$53.44
Price spread−0.119% → −0.154% (7d avg)+$3.51
Slippage, 4 orderslive order books−$133.44
Fee MEXC bp × 2 orders−$4.00
Fee Entropy bp × 2 orders−$1.80
Net · 7 days · $10k−$82.28
Costs to cover1.392%Break-even17.8 days
Slippage: MEXC: live order book, 1 min ago; Entropy: live order book, 65 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC10.9613.0 bp−$1325.3 bp−$253170.5 bp−$17.1Kdoesn’t fit
SELL · SHORTEntropy8.9057.9 bp−$58doesn’t fitdoesn’t fitdoesn’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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