Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%
Price spread now: Bitget against Phemex−0.174%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$257as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2592.588% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now −0.174%, 7d avg +0.016%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.191% cheaper against Phemex than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.016%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MARAUSDT | 13.190 | 0 | get 0.0000% / 8h | 7h 02m | $378K | $38K | 20x |
| Short | Bitget MARAUSDT | 13.167 | 0 | get 0.0000% / 8h | 7h 02m | $88K | $2.7M | 20x |
Phemex MARAUSDT
Bitget MARAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. 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: −0.174% → +0.016%
- −$19.07
- Slippage, 4 orders
- −$234.76
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$277.83
- Costs to cover
- 2.588%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 30 min ago; Bitget: live order book, 5 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 Phemex live order book, 30 min ago | 7.72 bp | 82.0 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 43.04 bp | 49.5 bp −$49 | 77.2 bp −$772 | 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 | −0.0470% | 4h | 13.178 | −0.093% | $15K | $311K | 10x | as long as short |
| Binance MARAUSDT | 0.0000% | 8h | 13.170 | −0.152% | $175K | $481K | 20x | as long as short |
| Bybit MARAUSDT | 0.0000% | 8h | 13.160 | −0.227% | $261K | $136K | 25x | as long as short |
| OKX MARA-USDT-SWAP | 0.0000% | 8h | 13.150 | −0.303% | $60K | $184K | 20x | as long as short |
| Gate MARA_USDT | 0.0000% | 8h | 13.209 | +0.144% | $30K | $13K | 20x | as long as short |
| Bitget MARAUSDTshort | 0.0000% | 8h | 13.167 | −0.174% | $88K | $2.7M | 20x | |
| HTX MARA-USDT | 0.0000% | 8h | 13.180 | −0.076% | $5K | $253K | 20x | as long as short |
| Phemex MARAUSDTlong | 0.0000% | 8h | 13.190 | long leg | $378K | $38K | 20x | |
| Extended MARA-USD | +0.0040% | 1h | 13.175 | −0.114% | $1K | — | 5x | as long as short |
| KuCoin MARAUSDTM | +0.0100% | 8h | 13.174 | −0.121% | $26K | $2.9M | 20x | as long as short |
edgeX MARAUSDC
Binance MARAUSDT
Bybit MARAUSDT
OKX MARA-USDT-SWAP
Gate MARA_USDT
HTX MARA-USDT
Extended MARA-USD
KuCoin MARAUSDTM