Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 351.00 | +0.0308 | pay 0.0308% / 8h | 4h 18m | $14.9M | $10.3M | 100x | Long MEXC | |
| SHORT | 350.97 | +0.0182 | get 0.0023% / 1h | 18m 22s | $1.1M | $447K | 20x | Short Phoenix |
Price gap−0.009%62s
Funding gap−0.0126% /8h
Funding costs $4 a day on $10k at the current rate. Swap the legs.
Funding on this pair paid 0.372% over the last 7 days: the rate has only just turned. The two prices were read 62 s apart: part of this gap may be the market moving.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding+$37−0.0126% /8h now · paid +0.372% over the last 7D
Price—spread −0.009%62s now · prices read too far apart to compare
Costs−$220.217% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · loading 5m…Price spread
Prices
Fundingper 8h
P&L
PRICE SPREAD · 7D
Now−0.009%
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
/8hTSLA on 39 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- OK: Fits both order books0.1 / 10.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$100 + $500MEXC 100x, Phoenix 20x. 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: −$3.78Long MEXC: 3 payments, −$9.24; short Phoenix: 24 payments, +$5.46.
- Watch: Prices read 62 s apart−0.009% vs +0.008%Part of this gap may be the market moving.
- Watch: Short leg is thinner$1.1M vs $14.9M OIPhoenix sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCMEXC Yes · Phoenix 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+0.0177%/8h × 21 periods+$37.25
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$14.70
Fee MEXC bp × 2 orders$0.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k+$15.55
price spread not counted: prices read too far apartCosts to cover0.217%Break-even4.1 days
Slippage: MEXC: live order book, 4 min ago; Phoenix: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGMEXC0.140.1 bp$00.1 bp−$13.1 bp−$311216.0 bp−$108.0K
SELL · SHORTPhoenix3.1310.7 bp−$1122.3 bp−$223doesn’t fitdoesn’t fit
Closing costs about the same again.
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