OPEN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	MEXCOPENSTOCK_USDT	2.2400	+0.0200	pay 0.0200% / 8h	7h 27m	$235K	$103K	20x	Long MEXC
SHORT	PhoenixNO DATA 33 minOPEN	2.2148	+0.0071	get 0.0009% / 1h	27m 10s	$393	$4K	5x	Short Phoenix

Price gap−1.125%1907s

Funding gap−0.0129% /8h

Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 1.125% under zero (no 7-day history yet). Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding—−0.0129% /8h now · no funding history yet

Price—spread −1.125%1907s now · prices read too far apart to compare

Costsno datano order book for Phoenix

Result, before costs—no pointsneeds funding history

Price and funding

1h · history

Entry / 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−1.125%

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

/8h

OPEN on 2 exchanges

lowest funding first

Before you open

0 ok · 4 to watch

Note: Order book unknown—
No order-book sample for Phoenix: its slippage is not counted.
Note: Margin at max leverage$500 + $2,000
MEXC 20x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ8h / 1h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: −$3.87Long MEXC: 3 payments, −$6.00; short Phoenix: 24 payments, +$2.13.
Watch: Prices read 32 min apart−1.125% vs —
Part of this gap may be the market moving.
Watch: Short leg is thinner$393 vs $235K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCMEXC Yes · Phoenix No
KYC before trading since Feb 2026; unverified accounts see market data only.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earnedno history yet: current rate−$27.10

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Phoenix—

Fee MEXC bp × 2 orders$0.00

Fee Phoenix bp × 2 orders−$7.00

Net, fees only · 7 days · $10k−$34.10

price spread not counted: prices read too far apart

Costs to cover0.070%Break-evennever at this rate

Slippage: MEXC: live order book, 24 min ago; Phoenix: no order-book sample

Cost to enter

taker + slippage from mid, one side

BUY · LONGMEXC88.89240.7 bp−$241685.1 bp−$6,851doesn’t fitdoesn’t fit

SELL · SHORTPhoenix—————

Closing costs about the same again.
Phoenix: no data.

OPEN news

posts that mention OPEN, from every exchangeSearch all news →

10-07 18:26	Phoenix	Listing	new market OPEN ($OPEN) seen by our collector
09-22 04:00	Gate	Listing	Gate Futures Stocks Section Pre-Market Initial Listing: $OURAUSDT (Oura Inc.) 🔹 Trading Pair: $OURA / $USDT 🔹 NOW OPEN 🔹 Supports 1 – 10x Leverage 🔹 Gate currently supports trading of 450 stock futures More details: @Gate on X ↗