Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 99.170 | 0 | 0.0000% / 8h | 1h 52m | $1.8M | $108K | 20x | Long MEXC | |
| SHORT | 97.790 | −0.0052 | pay 0.0007% / 1h | 52m 38s | $2.3M | $534K | 10x | Short QFEX10% back |
Price gap−1.392%
Funding gap−0.0052% /8h
Both sides work against this direction now: funding costs $2 a day on $10k and the gap is 1.221% 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−$19−0.0052% /8h now · paid −0.193% over the last 7D
Price−$122spread −1.392% now, avg −0.170% → −1.221% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs−$141−1.41%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
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−1.392%
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
/8hSTRC on 17 exchanges
lowest funding firstBefore you open
0 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than QFEX’s order book right now.
- Note: Margin at max leverage$500 + $1,000MEXC 20x, QFEX 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$1.57Long MEXC: 3 payments, $0.00; short QFEX: 24 payments, −$1.57.
- Watch: Gap narrower than usual−1.392% vs −0.170%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Note: Long leg is thinner$1.8M vs $2.3M OIBoth legs are deep; MEXC is the smaller one.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · QFEX NoKYC 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−0.0092%/8h × 21 periods−$19.30
Price spread−1.392% → −0.170% (7d avg)−$122.13
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee MEXC bp × 2 orders−$8.00
Fee QFEX bp × 2 orders−$20.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: MEXC: live order book, 3 min ago; QFEX: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC1.519.8 bp−$1022.5 bp−$225192.2 bp−$19.2K286.9 bp−$143.4K
SELL · SHORTQFEX150.32doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
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