Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 35.910 | 0 | 0.0000% / 8h | 5h 08m | $1.9M | $420K | 50x | Long MEXC | |
| SHORT | 35.930 | 0 | 0.0000% / 8h | 5h 08m | $1.3M | $245K | 10x | Short Phemex |
Price gap+0.056%46s
Funding gap0.0000% /8h
Funding is ≈ 0, so this is a price-spread trade: +$5 on $10k if the gap goes back to its 7d average.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$30.0000% /8h now · paid −0.031% over the last 7D
Price—spread +0.056%46s now · prices read too far apart to compare
Costs−$1211.214% 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+0.056%
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
/8hSMCI on 21 exchanges
lowest funding firstBefore you open
1 ok · 3 to watch- Watch: Thin at this size10.4 / 58.3 bpAt $10k entering Phemex costs 58.3 bp, fee and slippage, 5.6× MEXC’s.
- Note: Margin at max leverage$200 + $1,000MEXC 50x, 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: $0.00Long MEXC: 3 payments, $0.00; short Phemex: 3 payments, $0.00.
- Watch: Prices read 46 s apart+0.056% vs +0.011%Part of this gap may be the market moving.
- Note: Short leg is thinner$1.3M vs $1.9M OIBoth legs are deep; Phemex is the smaller one.
- 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−0.0015%/8h × 21 periods−$3.07
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$105.35
Fee MEXC bp × 2 orders−$4.00
Fee Phemex bp × 2 orders−$12.00
Net · 7 days · $10k−$124.42
price spread not counted: prices read too far apartCosts to cover1.214%Break-evennever at this rate
Slippage: MEXC: live order book, 2 min ago; Phemex: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC8.3610.4 bp−$1013.7 bp−$137110.8 bp−$11.1K260.5 bp−$130.2K
SELL · SHORTPhemex2.7858.3 bp−$58doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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