Funding you earn now, next payment 05:00 UTC−0.0578%/8h= −63.3% APRpaid last 24h −0.033%
Price spread now: MEXC against Phoenix−0.210%107s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and MEXC is 0.210% cheaper against Phoenix than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.027% in total (about 1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ANSEM | 0.1766 | 0.0320 | pay 0.0040% / 1h | 25m 33s | $77K | $40K | 3x |
| Short | MEXC ANSEM_USDT | 0.1762 | −0.0258 | pay 0.0129% / 4h | 2h 25m | $897K | $449K | 20x |
Phoenix ANSEM
MEXC ANSEM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$121.41
- Price spread: −0.210% → 0.000%
- −$20.95
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$153.37
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; MEXC: live order book, 15 min ago. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 15 min ago | 2.86 bp | 190.9 bp −$191 | 1054.4 bp −$10.5K | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ANSEM on 8 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ANSEM_USDTshort | −0.0258% | 4h | 0.1762 | −0.210% | $897K | $449K | 20x | |
| BingX ANSEM-USDT | −0.0180% | 4h | 0.1760 | −0.323% | — | $724K | — | as long as short |
| Lighter ANSEM | +0.0096% | 1h | 0.1771 | +0.323% | $336K | $354K | 3x | as long as short |
| Lighter RH ANSEM | +0.0096% | 1h | 0.1764 | −0.096% | $49K | $264K | 3x | as long as short |
| Aster ANSEMUSDT | +0.0100% | 1h | 0.1767 | +0.068% | $257K | $444K | 10x | as long as short |
| Gate ANSEM_USDT | +0.0100% | 4h | 0.1763 | −0.153% | $42K | $86K | 10x | as long as short |
| Phoenix ANSEMlong | +0.0320% | 1h | 0.1766 | long leg | $77K | $40K | 3x | |
| Paragon para:ANSEM | +0.2163% | 1h | 0.1771 | +0.286% | $1.6M | $1.3M | 3x | as long as short |
BingX ANSEM-USDT
Lighter ANSEM
Lighter RH ANSEM
Aster ANSEMUSDT
Gate ANSEM_USDT
Paragon para:ANSEM