Funding you earn now, next payment 09:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Phemex against Extended+0.231%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 6 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. Phemex is 0.231% dearer against Extended than usual: you sell high and buy low (spread +0.231% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 19 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended MARA-USD | 12.980 | 0.0040 | pay 0.0005% / 1h | 43m 38s | $1K | — | 5x |
| Short | Phemex MARAUSDT | 13.010 | 0 | get 0.0000% / 8h | 7h 43m | $372K | $38K | 20x |
Extended MARA-USD
Phemex MARAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Extended. 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
- −$8.4
- Price spread: +0.231% → 0.000%
- $23.11
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$2.29
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Extended: no order-book sample; Phemex: live order book, 54 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 Extended no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 54 min ago | 7.64 bp | 76.2 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
Extended: 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.
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 | −0.0067% | 4h | 13.021 | +0.319% | $15K | $312K | 10x | as long as short |
| Bitget MARAUSDT | −0.0038% | 8h | 12.972 | −0.062% | $90K | $2.8M | 20x | as long as short |
| Binance MARAUSDT | 0.0000% | 8h | 12.990 | +0.077% | $175K | $479K | 20x | as long as short |
| Bybit MARAUSDT | 0.0000% | 8h | 13.010 | +0.231% | $263K | $142K | 25x | as long as short |
| OKX MARA-USDT-SWAP | 0.0000% | 8h | 12.980 | 0.000% | $60K | $184K | 20x | as long as short |
| Gate MARA_USDT | 0.0000% | 8h | 13.008 | +0.216% | $30K | $13K | 20x | as long as short |
| HTX MARA-USDT | 0.0000% | 8h | 13.020 | +0.308% | $5K | $255K | 20x | as long as short |
| Phemex MARAUSDTshort | 0.0000% | 8h | 13.010 | +0.231% | $372K | $38K | 20x | |
| Extended MARA-USDlong | +0.0040% | 1h | 12.980 | long leg | $1K | — | 5x | |
| KuCoin MARAUSDTM | +0.0100% | 8h | 13.013 | +0.254% | $25K | $2.9M | 20x | as long as short |
edgeX MARAUSDC
Bitget MARAUSDT
Binance MARAUSDT
Bybit MARAUSDT
OKX MARA-USDT-SWAP
Gate MARA_USDT
HTX MARA-USDT
KuCoin MARAUSDTM