OPEN

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhoenixOPEN	2.2352	+0.0072	pay 0.0009% / 1h	44m 31s	$337	$5K	5x	Long Phoenix
SHORT	MEXCOPENSTOCK_USDT	2.2500	+0.0200	get 0.0200% / 8h	6h 44m	$236K	$101K	20x	Short MEXC

Price gap+0.662%317s

Funding gap+0.0128% /8h

Both sides work: funding pays +$4 a day on $10k, and the gap is 0.662% above zero (no 7-day history yet): +$66 more if it goes back.

If you open now and hold

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

Funding—+0.0128% /8h now · no funding history yet

Price—spread +0.662%317s 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+0.662%

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 3 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$2,000 + $500
Phoenix 5x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
Watch: Payment intervals differ1h / 8h
Payments land at different times. Close right after the slower leg pays.
Next 24h at the current rates, on $10k a leg: +$3.85Long Phoenix: 24 payments, −$2.15; short MEXC: 3 payments, +$6.00.
Watch: Prices read 5 min apart+0.662% vs —
Part of this gap may be the market moving.
Watch: Long leg is thinner$337 vs $236K OI
Phoenix sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhoenix No · MEXC Yes
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+$26.97

Price spreadprices read too far apart to compare—

Slippage, 4 ordersno data for Phoenix—

Fee Phoenix bp × 2 orders−$7.00

Fee MEXC bp × 2 orders$0.00

Net, fees only · 7 days · $10k+$19.97

price spread not counted: prices read too far apart

Costs to cover0.070%Break-even1.8 days

Slippage: Phoenix: no order-book sample; MEXC: live order book, 66 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhoenix—————

SELL · SHORTMEXC88.89337.4 bp−$337996.1 bp−$9,961doesn’t fitdoesn’t fit

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

OPEN news

posts that mention OPEN, from every exchangeSearch all news →

10-08 17:09	Phoenix	Listing	Now live on Phoenix: $OPEN - 5x leverage @PhoenixTrade on X ↗
10-07 18:26	Phoenix	Listing	new market OPEN ($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 ↗