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: Bybit against Phemex−0.076%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$403as in the Funding arb table
Net, price: spread back to 7d avg − costs−$349as in the Price arb table
costs, in and out, $10k−$3303.295% of the position
Funding, last 7 days−0.730%−$73 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.076%, 7d avg +0.114%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.190% 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 +0.114%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MARAUSDT | 13.130 | 0 | get 0.0000% / 8h | 1h 54m | $375K | $38K | 20x |
| Short | Bybit MARAUSDT | 13.120 | 0 | get 0.0000% / 8h | 1h 54m | $257K | $138K | 25x |
Phemex MARAUSDT
Bybit MARAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.076% → +0.114%
- −$18.99
- Slippage, 4 orders
- −$306.52
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$348.5
- Costs to cover
- 3.295%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 52 min ago; Bybit: live order book, 35 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, 52 min ago | 3.80 bp | 68.9 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 35 min ago | 3.83 bp | 61.9 bp −$62 | 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 | −0.0727% | 4h | 13.122 | −0.058% | $15K | $311K | 10x | as long as short |
| Bitget MARAUSDT | −0.0250% | 8h | 13.100 | −0.228% | $97K | $2.9M | 20x | as long as short |
| Binance MARAUSDT | 0.0000% | 8h | 13.120 | −0.076% | $177K | $473K | 20x | as long as short |
| Bybit MARAUSDTshort | 0.0000% | 8h | 13.120 | −0.076% | $257K | $138K | 25x | |
| OKX MARA-USDT-SWAP | 0.0000% | 8h | 13.100 | −0.228% | $60K | $186K | 20x | as long as short |
| Gate MARA_USDT | 0.0000% | 8h | 13.145 | +0.114% | $30K | $14K | 20x | as long as short |
| HTX MARA-USDT | 0.0000% | 8h | 13.130 | 0.000% | $5K | $264K | 20x | as long as short |
| Phemex MARAUSDTlong | 0.0000% | 8h | 13.130 | long leg | $375K | $38K | 20x | |
| Extended MARA-USD | +0.0040% | 1h | 13.321 | +1.455% | $1K | — | 5x | as long as short |
| KuCoin MARAUSDTM | +0.0100% | 8h | 13.128 | −0.015% | $30K | $2.9M | 20x | as long as short |
edgeX MARAUSDC
Bitget MARAUSDT
Binance MARAUSDT
OKX MARA-USDT-SWAP
Gate MARA_USDT
HTX MARA-USDT
Extended MARA-USD
KuCoin MARAUSDTM