Funding you earn now, next payment 12:00 UTC−0.0349%/8h= −38.2% APRpaid last 24h +0.012%
Price spread now: Phemex against edgeX−0.095%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$268as in the Price arb table
costs, in and out, $10k−$2602.598% of the position
Funding, last 7 days+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)+0.550%+$55 · spread now −0.095%, 7d avg −0.009%
=Together, before fees+0.786%+ Points / potential airdropedgeX: Active · farm board+$79 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Phemex is 0.086% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.236%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.236% in total (about 12.3% 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 | edgeX MARAUSDC | 13.022 | 0.0349 | pay 0.0174% / 4h | 3h 43m | $15K | $313K | 10x |
| Short | Phemex MARAUSDT | 13.010 | 0 | get 0.0000% / 8h | 7h 43m | $372K | $38K | 20x |
edgeX MARAUSDC
Phemex MARAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- −$73.21
- Price spread: −0.095% → −0.009%
- −$8.62
- Slippage, 4 orders
- −$238.85
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$341.68
- Costs to cover
- 2.598%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 55 min ago; Phemex: live order book, 54 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 edgeX live order book, 55 min ago | 19.12 bp | 60.2 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 54 min ago | 7.64 bp | 76.2 bp −$76 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget MARAUSDT | −0.0038% | 8h | 12.974 | −0.372% | $90K | $2.8M | 20x | as long as short |
| Binance MARAUSDT | 0.0000% | 8h | 12.990 | −0.249% | $175K | $479K | 20x | as long as short |
| Bybit MARAUSDT | 0.0000% | 8h | 13.000 | −0.172% | $263K | $142K | 25x | as long as short |
| OKX MARA-USDT-SWAP | 0.0000% | 8h | 12.980 | −0.326% | $60K | $184K | 20x | as long as short |
| Gate MARA_USDT | 0.0000% | 8h | 13.008 | −0.111% | $30K | $13K | 20x | as long as short |
| HTX MARA-USDT | 0.0000% | 8h | 13.020 | −0.019% | $5K | $255K | 20x | as long as short |
| Phemex MARAUSDTshort | 0.0000% | 8h | 13.010 | −0.095% | $372K | $38K | 20x | |
| Extended MARA-USD | +0.0040% | 1h | 12.980 | −0.326% | $1K | — | 5x | as long as short |
| KuCoin MARAUSDTM | +0.0100% | 8h | 13.005 | −0.134% | $25K | $2.9M | 20x | as long as short |
| edgeX MARAUSDClong | +0.0349% | 4h | 13.022 | long leg | $15K | $313K | 10x |
Bitget MARAUSDT
Binance MARAUSDT
Bybit MARAUSDT
OKX MARA-USDT-SWAP
Gate MARA_USDT
HTX MARA-USDT
Extended MARA-USD
KuCoin MARAUSDTM