Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 12.980 | +0.0107 | pay 0.0107% / 8h | 3h 13m | $55K | $99K | 20x | Long MEXC | |
| SHORT | 12.980 | 0 | 0.0000% / 8h | 3h 13m | $115K | $14K | 10x | Short Phemex |
Price gap0.000%46s
Funding gap−0.0107% /8h
Both sides work against this direction now: funding costs $3 a day on $10k and the gap is 0.074% 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−$10−0.0107% /8h now · paid −0.100% over the last 7D
Price—spread 0.000%46s now · prices read too far apart to compare
Costs−$2042.041% 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
Now0.000%
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
/8hPATH on 12 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size21.0 / 75.9 bpAt $10k entering Phemex costs 75.9 bp, fee and slippage, 3.6× MEXC’s.
- Note: Margin at max leverage$500 + $1,000MEXC 20x, Phemex 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval8h / 8hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$3.21Long MEXC: 3 payments, −$3.21; short Phemex: 3 payments, $0.00.
- Watch: Prices read 46 s apart0.000% vs +0.074%Part of this gap may be the market moving.
- Watch: Long leg is thinner$55K vs $115K OIMEXC sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · Phemex 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−0.0048%/8h × 21 periods−$9.99
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$192.14
Fee MEXC bp × 2 orders$0.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$214.13
price spread not counted: prices read too far apartCosts to cover2.041%Break-evennever at this rate
Slippage: MEXC: live order book, 80 min ago; Phemex: live order book, 24 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC3.8321.0 bp−$21143.4 bp−$1,434224.3 bp−$22.4Kdoesn’t fit
SELL · SHORTPhemex3.8475.9 bp−$76doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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