Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against MEXC+0.038%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1201.197% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.038%, 7d avg −0.008%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.047% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC IWM_USDT | 285.79 | 0 | get 0.0000% / 8h | 5h 30m | $886K | $87K | 50x |
| Short | Phemex IWMUSDT | 285.90 | 0 | get 0.0000% / 8h | 5h 30m | $761K | $62K | 10x |
MEXC IWM_USDT
Phemex IWMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.038% → −0.008%
- $4.65
- Slippage, 4 orders
- −$107.73
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$115.07
- Costs to cover
- 1.197%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 25 min ago; Phemex: live order book, 32 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 25 min ago | 4.03 bp | 5.6 bp −$6 | 158.4 bp −$1,584 | 217.7 bp −$21.8K | doesn't fit |
| Sell Phemex live order book, 32 min ago | 1.57 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
IWM on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IWM-USDT | −0.0022% | 8h | 285.86 | +0.024% | $65K | $32K | 20x | as long as short |
| Aster IWMUSDT | 0.0000% | 8h | 285.65 | −0.049% | $2K | $221 | 20x | as long as short |
| Binance IWMUSDT | 0.0000% | 8h | 285.90 | +0.037% | $918K | $906K | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.52 | −0.094% | $546K | $57K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.57 | −0.077% | $399K | $114K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 285.92 | +0.045% | $613K | $152K | 20x | as long as short |
| MEXC IWM_USDTlong | 0.0000% | 8h | 285.79 | long leg | $886K | $87K | 50x | |
| Bitget IWMUSDT | 0.0000% | 8h | 285.81 | +0.007% | $443K | $16K | 20x | as long as short |
| Variational Omni IWM | 0.0000% | 8h | 285.84 | +0.016% | $163K | $196K | — | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 285.86 | +0.024% | $1K | $357K | 10x | as long as short |
BloFin IWM-USDT
Aster IWMUSDT
Binance IWMUSDT
Bybit IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
Bitget IWMUSDT
Variational Omni IWM
SunX IWM-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX IWM-USDT | 0.0000% | 8h | 286.21 | +0.147% | $326 | $37K | 20x | as long as short |
| Phemex IWMUSDTshort | 0.0000% | 8h | 285.90 | +0.038% | $761K | $62K | 10x | |
| Lighter IWM | +0.0032% | 1h | 286.18 | +0.136% | $75K | $18K | 10x | as long as short |
| Vest IWM-USD-PERP | +0.0046% | 1h | 285.43 | −0.126% | — | — | 25x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 285.91 | +0.042% | $136K | $865K | 20x | as long as short |
| Markets by Kinetiq mkts:SMALL2000 | +0.0329% | 1h | 285.56 | −0.080% | $525K | $383K | 20x | as long as short |
| GRVT IWM_USDT_Perp | +0.0353% | 8h | 285.85 | +0.021% | $457 | $126K | 10x | as long as short |
HTX IWM-USDT
Lighter IWM
Vest IWM-USD-PERP
KuCoin IWMUSDTM
Markets by Kinetiq mkts:SMALL2000
GRVT IWM_USDT_Perp