Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 28.940 | −0.1611 | get 0.1611% / 8h | 5h 41m | $1.3M | $445K | 20x | Long MEXC | |
| SHORT | 28.960 | 0 | 0.0000% / 8h | 5h 41m | $1.2M | $103K | 20x | Short Phemex |
Price gap+0.069%
Funding gap+0.1611% /8h
Funding trade: +$48 a day on $10k at the current rate, before costs. The price gap is at its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding$0+0.1611% /8h now · paid 0.000% over the last 7D
Price$0spread +0.069% now, avg +0.074% → −0.005% if it goes back
Costs−$1271.272% of $10k · taker + slippage, in and out
Result−$128−1.28%no points
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total, about 0.0000%/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+0.069%
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 · 2 to watch- Watch: Thin at this size25.0 / 36.0 bpAt $10k entering Phemex costs 36.0 bp, fee and slippage, 1.4× MEXC’s.
- Note: Margin at max leverage$500 + $500MEXC 20x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: +$48.33Long MEXC: 3 payments, +$48.33; short Phemex: 3 payments, $0.00.
- Note: Gap at its usual level+0.069% vs +0.074%The price leg adds little either way.
- Note: Short leg is thinner$1.2M vs $1.3M OIBoth legs are deep; Phemex is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · Phemex 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 earned0.0000%/8h × 21 periods$0.00
Price spread+0.069% → +0.074% (7d avg)−$0.47
Slippage, 4 orderslive order books−$111.18
Fee MEXC bp × 2 orders−$4.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$127.65
Costs to cover1.272%Break-evennever at this rate
Slippage: MEXC: live order book, 4 min ago; Phemex: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC10.3525.0 bp−$2531.1 bp−$311127.8 bp−$12.8Kdoesn’t fit
SELL · SHORTPhemex6.9136.0 bp−$36148.6 bp−$1,486doesn’t fitdoesn’t fit
Closing costs about the same again.
IONQ news
posts that mention IONQ, from every exchange| 11-03 01:05 | edgeX | Listing | IONQUSDC no longer reported ($IONQ) seen by our collector |
| 11-02 03:49 | Backpack | Other | Earnings & macro to watch for Nov 2–6 ▸ Macro: US midterm elections, BoE decision, Oct jobs report ▸ Earnings: $AAPL $PLTR $AMD $SHOP $SMCI $ANET $UBER $APP $MCD $QCOM $ARM $CRCL $NET $IONQ $SOUN $ABNB $IREN $OKLO $XYZ $AFRM $DKNG Full market calendar → @Backpack on X ↗ |
| 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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