Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 893.60 | +0.0090 | pay 0.0011% / 1h | 21m 47s | $265K | $6K | 15x | Long Phoenix | |
| SHORT | 892.51 | 0 | 0.0000% / 8h | 7h 21m | $21.4M | $9.7M | 200x | Short MEXC |
Price gap−0.122%
Funding gap−0.0090% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.173% 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−$39−0.0090% /8h now · paid −0.389% over the last 7D
Price−$17spread −0.122% now, avg +0.051% → −0.173% if it goes back
Costs−$290.288% 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−0.122%
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
/8hMU on 46 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books10.9 / 2.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$667 + $50Phoenix 15x, MEXC 200x. 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: −$2.69Long Phoenix: 24 payments, −$2.69; short MEXC: 3 payments, $0.00.
- Watch: Gap narrower than usual−0.122% vs +0.051%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$265K vs $21.4M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix 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−0.0185%/8h × 21 periods−$38.91
Price spread−0.122% → +0.051% (7d avg)−$17.27
Slippage, 4 orderslive order books−$17.76
Fee Phoenix bp × 2 orders−$7.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$84.94
Costs to cover0.288%Break-evennever at this rate
Slippage: Phoenix: live order book, 39 min ago; MEXC: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.2410.9 bp−$1122.6 bp−$226doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.172.4 bp−$22.4 bp−$243.3 bp−$3347.7 bp−$3,849
Closing costs about the same again.
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