Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 23.570 | +0.0050 | pay 0.0050% / 8h | 54m 10s | $959K | $1.2M | — | Long BingX | |
| SHORT | 23.710 | 0 | 0.0000% / 8h | 54m 10s | $2.6M | $91K | 20x | Short MEXC |
Price gap+0.594%
Funding gap−0.0050% /8h
The gap pays +$22 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 15 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13−0.0050% /8h now · paid −0.126% over the last 7D
Price+$22spread +0.594% now, avg +0.373% → +0.221% if it goes back
Costs−$4884.885% of $10k · taker + slippage, in and out
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+0.594%
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
/8hSONY on 10 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size31.3 / 225.7 bpAt $10k entering MEXC costs 225.7 bp, fee and slippage, 7.2× BingX’s.
- Note: Margin at max leverage— + $500BingX —, 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: −$1.50Long BingX: 3 payments, −$1.50; short MEXC: 3 payments, $0.00.
- OK: Entry gap works for you+0.594% vs +0.373%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$959K vs $2.6M OIBingX sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCBingX Yes · MEXC YesAdvanced KYC to deposit or trade; unverified accounts can only withdraw, up to 20,000 USDT a day. Rules vary by region.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0060%/8h × 21 periods−$12.63
Price spread+0.594% → +0.373% (7d avg)+$22.07
Slippage, 4 orderslive order books−$478.49
Fee BingX bp × 2 orders−$10.00
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k−$479.05
Costs to cover4.885%Break-evennever at this rate
Slippage: BingX: live order book, 7 min ago; MEXC: live order book, 3 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGBingX14.8531.3 bp−$3194.7 bp−$947351.3 bp−$35.1K783.5 bp−$391.8K
SELL · SHORTMEXC8.44225.7 bp−$226619.2 bp−$6,192850.5 bp−$85.0Kdoesn’t fit
Closing costs about the same again.
| 09-29 11:48 | Phemex | Other | 🎁 $50,000. One draw. Every eligible trader wins. 😍 Trade Futures, complete tasks, unlock more draw chances, and spin for: → iPhone Duo → Sony α7 IV → Trading bonuses & vouchers ⏳ Live Sep 21–Oct 5 UTC 👉 @Phemex_official on X ↗ |
| 09-28 04:34 | Phemex | Contest | Your next perpetual trade could come with a spin. - Complete trading tasks - Hit volume milestones - Invite friends for extra chances 🎁 Then draw for a share of $50,000 in prizes, including an iPhone Duo, Sony α7 IV, and $USDT trading rewards. Every eligible participant gets a prize. ⏳ Live Sep 21–Oct 5 UTC 👉 @Phemex_official on X ↗ |
| 09-24 19:26 | Phemex | Contest | Trade the setup. Spin for the upside. 🎁 Phemex Futures Lucky Draw 11th is live with a $50,000 prize pool. 👇 Complete Futures tasks, unlock draw chances, and stay active for more spins. iPhone Duo. Sony α7 IV. Trading bonuses. Every eligible participant wins. Full details in the reply. @Phemex_official on X ↗ |
| 09-21 19:50 | Phemex | Contest | Trade the market. Spin for more. 🎁 Lucky Draw #11 brings $50,000 in rewards, including an iPhone Duo, a Sony α7 IV, $USDT TRADING bonuses, and vouchers. Complete Perps Trading tasks to earn spins. Every eligible participant wins. 👇 Live Sep 21–Oct 5 UTC @Phemex_official on X ↗ |


Phemex