Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 34.611 | +0.0770 | pay 0.0770% / 8h | 1h 26m | $4.3M | $270K | 20x | Long MEXC | |
| SHORT | 34.570 | 0 | 0.0000% / 1h | 26m 56s | $1.2M | $684K | 10x | Short QFEX10% off |
Price gap−0.118%
Funding gap−0.0770% /8h
The gap pays +$47 on $10k if it goes back to its 7d average, but funding costs $23 a day and eats that in about 2.0 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$153−0.0770% /8h now · paid −1.526% over the last 7D
Price+$47spread −0.118% now, avg −0.585% → +0.466% if it goes back
Costs−$330.333% 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−0.118%
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
/8hNKE on 10 exchanges
lowest funding firstBefore you open
2 ok · 2 to watch- OK: Fits both order books2.3 / 14.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$500 + $1,000MEXC 20x, QFEX 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: −$23.10Long MEXC: 3 payments, −$23.10; short QFEX: 24 payments, $0.00.
- OK: Entry gap works for you−0.118% vs −0.585%You short the dearer leg. If the gap goes back to average, the short gains.
- Note: Short leg is thinner$1.2M vs $4.3M OIBoth legs are deep; QFEX is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · QFEX 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−0.0727%/8h × 21 periods−$152.60
Price spread−0.118% → −0.585% (7d avg)+$46.64
Slippage, 4 orderslive order books−$13.30
Fee MEXC bp × 2 orders$0.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k−$139.26
Costs to cover0.333%Break-evenfrom the start
Slippage: MEXC: live order book, 1 min ago; QFEX: live order book, 5 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC2.312.3 bp−$210.6 bp−$106136.4 bp−$13.6K267.1 bp−$133.6K
SELL · SHORTQFEX4.3414.3 bp−$1422.4 bp−$224doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-05 09:00 | KuCoin | Listing | new market NKEUSDTM ($NKE) seen by our collector |
| 10-04 15:00 | Kalshi | Other | BREAKING: Nike says it will cut jobs and fold its global divisions into three as China sales fall 26% @Kalshi on X ↗ |
| 10-04 01:30 | Kalshi | Other | BREAKING: Nike is the only Dow stock down over the last decade at -32.5% @Kalshi on X ↗ |
| 10-02 09:59 | OKX | Listing | new market NKE-USDT-SWAP ($NKE) seen by our collector |
| 10-01 20:36 | Kalshi | Other | BREAKING: Nike falls over 5% — now down 81% from its peak and trading at its lowest since 2014 @Kalshi on X ↗ |
| 09-29 10:05 | Binance | Listing | new market NKEUSDT ($NKE) seen by our collector |

KuCoin
Kalshi
OKX
Binance