Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 641.90 | 0 | 0.0000% / 8h | 2h 23m | $14.1M | $271K | 100x | Long MEXC | |
| SHORT | 642.19 | +0.0087 | get 0.0011% / 1h | 23m 56s | $599K | $8K | 20x | Short Phoenix |
Price gap+0.045%107s
Funding gap+0.0087% /8h
Both sides work: funding pays +$3 a day on $10k, and the gap is 0.071% above its 7d average: +$7 more if it goes back.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$44+0.0087% /8h now · paid +0.440% over the last 7D
Price—spread +0.045%107s now · prices read too far apart to compare
Costs−$210.208% 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+0.045%
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
/8hMETA on 44 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books2.1 / 8.0 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$100 + $500MEXC 100x, Phoenix 20x. 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: +$2.62Long MEXC: 3 payments, $0.00; short Phoenix: 24 payments, +$2.62.
- Watch: Prices read 107 s apart+0.045% vs −0.026%Part of this gap may be the market moving.
- Watch: Short leg is thinner$599K vs $14.1M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · Phoenix 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+0.0210%/8h × 21 periods+$44.04
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$9.75
Fee MEXC bp × 2 orders−$4.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$23.29
price spread not counted: prices read too far apartCosts to cover0.208%Break-even3.3 days
Slippage: MEXC: live order book, 4 min ago; Phoenix: live order book, 53 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC0.082.1 bp−$22.6 bp−$26140.6 bp−$14.1K259.2 bp−$129.6K
SELL · SHORTPhoenix2.038.0 bp−$815.2 bp−$152doesn’t fitdoesn’t fit
Closing costs about the same again.
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