Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Binance−0.071%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$216as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2162.164% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 2 days (all we have)−0.043%−$4 · spread now −0.071%, 7d avg −0.041%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.030% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.041%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MARAUSDT | 13.209 | 0 | get 0.0000% / 8h | 3h 49m | $178K | $473K | 20x |
| Short | Phemex MARAUSDT | 13.200 | 0 | get 0.0000% / 8h | 3h 49m | $377K | $38K | 20x |
Binance MARAUSDT
Phemex MARAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- $0
- Price spread: −0.071% → −0.041%
- −$2.96
- Slippage, 4 orders
- −$194.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$219.33
- Costs to cover
- 2.164%
- Break-even
- never at this rate
Slippage from Binance: live order book, 73 min ago; Phemex: live order book, 3 min ago.
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 Binance live order book, 73 min ago | 7.57 bp | 27.7 bp −$28 | 92.1 bp −$921 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 15.16 bp | 73.0 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
MARA on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MARAUSDC | −0.0853% | 4h | 13.201 | −0.066% | $15K | $313K | 10x | as long as short |
| Binance MARAUSDTlong | 0.0000% | 8h | 13.209 | long leg | $178K | $473K | 20x | |
| Bybit MARAUSDT | 0.0000% | 8h | 13.190 | −0.146% | $259K | $137K | 25x | as long as short |
| OKX MARA-USDT-SWAP | 0.0000% | 8h | 13.170 | −0.298% | $61K | $187K | 20x | as long as short |
| Gate MARA_USDT | 0.0000% | 8h | 13.216 | +0.050% | $31K | $22K | 20x | as long as short |
| Bitget MARAUSDT | 0.0000% | 8h | 13.198 | −0.086% | $97K | $2.9M | 20x | as long as short |
| HTX MARA-USDT | 0.0000% | 8h | 13.180 | −0.222% | $5K | $272K | 20x | as long as short |
| Phemex MARAUSDTshort | 0.0000% | 8h | 13.200 | −0.071% | $377K | $38K | 20x | |
| Extended MARA-USD | +0.0040% | 1h | 13.321 | +0.845% | $1K | — | 5x | as long as short |
| KuCoin MARAUSDTM | +0.0100% | 8h | 13.199 | −0.078% | $30K | $2.9M | 20x | as long as short |
edgeX MARAUSDC
Bybit MARAUSDT
OKX MARA-USDT-SWAP
Gate MARA_USDT
Bitget MARAUSDT
HTX MARA-USDT
Extended MARA-USD
KuCoin MARAUSDTM