Funding you earn now, next payment 12:00 UTC+0.0349%/8h= +38.2% APRpaid last 24h −0.012%
Price spread now: edgeX against Phemex+0.327%78s7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$283as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
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)−0.781%−$78 · spread now +0.327%, 7d avg +0.009%
=Together, before fees−1.018%+ Points / potential airdropedgeX: Active · farm board−$102 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and edgeX is 0.318% dearer against Phemex than usual: you sell high and buy low: +$32 more if the spread goes back to its 7-day average of +0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.236%, so the current rate has only just turned in your favour. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
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 | Phemex MARAUSDT | 12.980 | 0 | get 0.0000% / 8h | 7h 41m | $372K | $38K | 20x |
| Short | edgeX MARAUSDC | 13.022 | 0.0349 | get 0.0174% / 4h | 3h 41m | $15K | $313K | 10x |
Phemex MARAUSDT
edgeX MARAUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $73.21
- Price spread: +0.327% → +0.009%
- $31.77
- Slippage, 4 orders
- −$238.85
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$154.87
- Costs to cover
- 2.598%
- Break-even
- 21.8 days
Slippage from Phemex: live order book, 56 min ago; edgeX: live order book, 56 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, 56 min ago | 7.64 bp | 74.3 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 56 min ago | 19.12 bp | 49.1 bp −$49 | 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 | −0.0036% | 8h | 12.977 | −0.023% | $90K | $2.8M | 20x | as long as short |
| Binance MARAUSDT | 0.0000% | 8h | 12.985 | +0.038% | $175K | $480K | 20x | as long as short |
| Bybit MARAUSDT | 0.0000% | 8h | 12.990 | +0.077% | $262K | $141K | 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 | 13.002 | +0.169% | $30K | $13K | 20x | as long as short |
| HTX MARA-USDT | 0.0000% | 8h | 12.970 | −0.077% | $5K | $254K | 20x | as long as short |
| Phemex MARAUSDTlong | 0.0000% | 8h | 12.980 | long leg | $372K | $38K | 20x | |
| Extended MARA-USD | +0.0040% | 1h | 12.976 | −0.029% | $1K | — | 5x | as long as short |
| KuCoin MARAUSDTM | +0.0100% | 8h | 13.002 | +0.169% | $25K | $2.9M | 20x | as long as short |
| edgeX MARAUSDCshort | +0.0349% | 4h | 13.022 | +0.327% | $15K | $313K | 10x |
Bitget MARAUSDT
Binance MARAUSDT
Bybit MARAUSDT
OKX MARA-USDT-SWAP
Gate MARA_USDT
HTX MARA-USDT
Extended MARA-USD
KuCoin MARAUSDTM