Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 139.30 | +0.0403 | pay 0.0050% / 1h | 10m 39s | $119K | $9K | 10x | Long Phoenix | |
| SHORT | 139.18 | +0.0107 | get 0.0107% / 8h | 2h 10m | $9.0M | $1.7M | 200x | Short MEXC |
Price gap−0.086%62s
Funding gap−0.0296% /8h
Both sides work against this direction now: funding costs $9 a day on $10k and the gap is 0.118% 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−$44−0.0296% /8h now · paid −0.443% over the last 7D
Price—spread −0.086%62s now · prices read too far apart to compare
Costs−$250.248% 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
Now−0.086%
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
/8hSKHY on 33 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books10.0 / 2.4 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $50Phoenix 10x, MEXC 200x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$8.88Long Phoenix: 24 payments, −$12.09; short MEXC: 3 payments, +$3.21.
- Watch: Prices read 62 s apart−0.086% vs +0.032%Part of this gap may be the market moving.
- Watch: Long leg is thinner$119K vs $9.0M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCPhoenix No · MEXC 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−0.0211%/8h × 21 periods−$44.33
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$13.81
Fee Phoenix bp × 2 orders−$7.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$69.13
price spread not counted: prices read too far apartCosts to cover0.248%Break-evennever at this rate
Slippage: Phoenix: live order book, 64 min ago; MEXC: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.8810.0 bp−$1021.1 bp−$211doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.362.4 bp−$22.4 bp−$244.9 bp−$489118.6 bp−$59.3K
Closing costs about the same again.
| 10-23 17:31 | Vest Markets | Other | SK Hynix halted its Solidigm IPO review, with $SKHY up around 4% on the session and Seoul shares closing 4.4% higher. The shelved Solidigm listing had been reported to raise $15 billion and value the unit at up to $150 billion. $SKHY has third-quarter earnings on Oct. 28, with a funding plan for Solidigm's US fab in focus. @VestExchange on X ↗ |
| 10-23 16:53 | Backpack | Other | Earnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗ |
| 10-20 21:37 | BingX | Other | AI demand is putting memory stocks back in focus 🤖 SK hynix (SKHY) rallied as semiconductor shares rebounded and Nvidia's memory plans fueled optimism. What's driving the momentum? Read the full breakdown below👇 @BingXOfficial on X ↗ |
| 10-19 14:54 | Phemex | Other | 👉 $SNDK/USDT: 👉 solana:MUxEsUKSMACyw5fZf68wxf5FLnZVhtU9CwH8uNNGay1/USDT: 👉 $SKHY/USDT: @Phemex_official on X ↗ |
| 10-18 00:45 | Arcus | Other | This weekend, memory stocks swept ~7% in minutes on perp markets, on no news, then bounced most of the way back. On Arcus, price bands held the move. Outside regular trading hours, perps trading and the mark price are constrained to a range around the last regular-hours price. The range widens only if sustained pressure builds - so a flash wick in thin weekend liquidity can't instantly mark positions down. The result on Saturday: 44.4k orders were rejected at the band floor, and 98% of open positions on SKHY, SNDK, MU, DRAM, CRWV, and BE made it through the wick without being liquidated. Price bands don't make liquidation impossible - a real, sustained move will still move the mark. They exist so you aren't liquidated by ten minutes of thin liquidity. How off-hours protection works: @arcus_xyz on X ↗ |
| 10-18 00:40 | Arcus | Other | This weekend, AI infrastructure stocks swept ~7% in minutes on perp markets, on no news, then bounced most of the way back. On Arcus, price bands held the move. Outside regular trading hours, perps trading and the mark price are constrained to a range around the last regular-hours price. The range widens only if sustained pressure builds - so a flash wick in thin weekend liquidity can't instantly mark positions down. The result on Saturday: 44.4k orders were rejected at the band floor, and 98% of open positions on SKHY, SNDK, MU, DRAM, CRWV, and BE made it through without being liquidated. Price bands don't make liquidation impossible - a real, sustained move will still move the mark. They exist so you aren't liquidated by ten minutes of thin liquidity. How off-hours protection works: @arcus_xyz on X ↗ |


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