Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 148.69 | +0.0161 | pay 0.0020% / 1h | 27m 08s | $289K | $19K | 15x | Long Phoenix | |
| SHORT | 148.71 | +0.0039 | get 0.0039% / 8h | 27m 08s | $33.4M | $6.7M | 200x | Short MEXC |
Price gap+0.013%
Funding gap−0.0122% /8h
Both sides work against this direction now: funding costs $4 a day on $10k and the gap is 0.024% 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−$45−0.0122% /8h now · paid −0.453% over the last 7D
Price−$2spread +0.013% now, avg +0.038% → −0.024% if it goes back
Costs−$250.251% 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+0.013%
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
/8hSPCX on 47 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books10.2 / 2.3 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$667 + $50Phoenix 15x, 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: −$3.67Long Phoenix: 24 payments, −$4.84; short MEXC: 3 payments, +$1.17.
- Watch: Gap narrower than usual+0.013% vs +0.038%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$289K vs $33.4M 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−0.0216%/8h × 21 periods−$45.28
Price spread+0.013% → +0.038% (7d avg)−$2.44
Slippage, 4 orderslive order books−$14.12
Fee Phoenix bp × 2 orders−$7.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$72.84
Costs to cover0.251%Break-evennever at this rate
Slippage: Phoenix: live order book, 39 min ago; MEXC: live order book, 1 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGPhoenix2.6910.2 bp−$1020.8 bp−$208doesn’t fitdoesn’t fit
SELL · SHORTMEXC0.342.3 bp−$22.3 bp−$233.7 bp−$3706.6 bp−$3,286
Closing costs about the same again.
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