Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 169.86 | 0 | 0.0000% / 8h | 5h 44m | $10.4M | $12.8M | 50x | Long MEXC | |
| SHORT | 169.66 | +0.0094 | get 0.0012% / 1h | 44m 20s | $11K | $329K | 10x | Short Phoenix |
Price gap−0.118%77s
Funding gap+0.0094% /8h
Funding pays +$3 a day on $10k, but the gap is 0.073% under its 7d average: −$7 if it goes back, about 2.6 days of funding. At the last 7 days' pace that is about 25 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$50+0.0094% /8h now · paid +0.499% over the last 7D
Price—spread −0.118%77s now · prices read too far apart to compare
Costs−$270.268% 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−0.118%
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
/8hNBIS on 35 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Large against open interest2.3 / 11.1 bp$10k is over 10% of Phoenix’s open interest.
- Note: Margin at max leverage$200 + $1,000MEXC 50x, Phoenix 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: +$2.83Long MEXC: 3 payments, $0.00; short Phoenix: 24 payments, +$2.83.
- Watch: Prices read 77 s apart−0.118% vs −0.045%Part of this gap may be the market moving.
- Watch: Short leg is thinner$11K vs $10.4M 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+0.0238%/8h × 21 periods+$49.88
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$15.77
Fee MEXC bp × 2 orders−$4.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$23.12
price spread not counted: prices read too far apartCosts to cover0.268%Break-even3.8 days
Slippage: MEXC: live order book, 3 min ago; Phoenix: live order book, 56 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC0.292.3 bp−$22.4 bp−$245.4 bp−$54133.6 bp−$16.8K
SELL · SHORTPhoenix2.9411.1 bp−$1122.7 bp−$227doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-27 15:07 | Vest Markets | Other | Neocloud shares are rebounding from an October selloff, with $NBIS up around 9%, $IREN 6% and $CRWV 5%. Nebius CEO Arkady Volozh said customer advances and other instruments should fund its planned gigawatt, alongside a $3.5B Citi facility and $40B+ in commitments. Trade $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗ |
| 10-26 13:30 | Vest Markets | Other | Into the open, $CRWV is down around 4%, leading neocloud shares lower with $NBIS and $IREN down around 3%. Elon Musk said Sunday that debt markets have nearly shut off financing for firms lacking non-AI revenue, with 200+ neoclouds facing consolidation. Trade $CRWV and broader AI infrastructure volatility with a Vest Capital funded account and access up to $50k in trading capital. @VestExchange on X ↗ |
| 10-15 18:30 | Kalshi | Other | JUST IN: Nebius Group is down roughly 20% since Michael Burry disclosed his short position @Kalshi on X ↗ |
| 10-15 16:35 | Vest Markets | Other | Neocloud names are extending losses today, with $NBIS down around 5% on the session, on top of a 10% drawdown yesterday. Gartner published a report on Wednesday on AI infrastructure spending, naming neoclouds among the segments most exposed to the gap between revenue and capex. The move is broader across the group, with $IREN down around 8% and $CRWV around 2.3% on the session. @VestExchange on X ↗ |
| 10-08 15:01 | Vest Markets | Other | Trade $IREN, $NBIS and broader AI infrastructure volatility with a Vest Capital funded account and access up to $25k in trading capital at: @VestExchange on X ↗ |
| 10-08 15:01 | Vest Markets | Other | AI infrastructure names are extending losses, with $IREN down around 5% and $NBIS around 3% on the session. On Wednesday, SemiAnalysis posted user reports of multi-day outages and storage failures at the legacy $IREN sites in British Columbia. $NBIS is on a second session of losses, with a filing showing its COO sold 500,000 shares on Monday under a preset trading plan. @VestExchange on X ↗ |
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