Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 13.030 | 0 | 0.0000% / 8h | 4h 15m | $115K | $14K | 10x | Long Phemex | |
| SHORT | 12.980 | +0.0343 | get 0.0343% / 8h | 4h 15m | $105K | $93K | 20x | Short MEXC |
Price gap−0.384%
Funding gap+0.0343% /8h
Funding pays +$10 a day on $10k, but the gap is 0.310% under its 7d average: −$31 if it goes back, about 3.0 days of funding. At the last 7 days' pace that is about 22 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$10+0.0343% /8h now · paid +0.100% over the last 7D
Price−$31spread −0.384% now, avg −0.074% → −0.310% if it goes back
Costs−$2022.018% of $10k · taker + slippage, in and out
The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.100% in total, about +0.0048%/8h on average.
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−0.384%
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 size63.7 / 50.4 bpAt $10k entering Phemex costs 63.7 bp, fee and slippage, 1.3× MEXC’s.
- Note: Margin at max leverage$1,000 + $500Phemex 10x, MEXC 20x. 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: +$10.29Long Phemex: 3 payments, $0.00; short MEXC: 3 payments, +$10.29.
- Watch: Gap narrower than usual−0.384% vs −0.074%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$105K vs $115K OIMEXC sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhemex Yes · MEXC YesKYC unlocks spot and futures trading; an unverified account cannot withdraw at all.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned+0.0048%/8h × 21 periods+$9.99
Price spread−0.384% → −0.074% (7d avg)−$30.98
Slippage, 4 orderslive order books−$181.80
Fee Phemex bp × 2 orders−$12.00
Fee MEXC bp × 2 orders−$8.00
Net · 7 days · $10k−$222.79
Costs to cover2.018%Break-even163.1 days
Slippage: Phemex: live order book, 28 min ago; MEXC: live order book, 19 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhemex3.8363.7 bp−$64doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTMEXC3.8350.4 bp−$50174.7 bp−$1,747232.4 bp−$23.2Kdoesn’t fit
Closing costs about the same again.
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