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 Binance−0.218%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$285as in the Funding arb table
Net, price: spread back to 7d avg − costs−$285as in the Price arb table
costs, in and out, $10k−$2732.728% of the position
Funding, last 7 days−0.123%−$12 on $10k
+Price spread, last 2 days (all we have)+0.132%+$13 · spread now −0.218%, 7d avg −0.098%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.121% cheaper against Binance than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRKUSDT | 150.11 | 0 | get 0.0000% / 8h | 1h 06m | $81K | $180K | 20x |
| Short | Bybit MRKUSDT | 149.78 | 0 | get 0.0000% / 8h | 1h 06m | $123K | $76K | 25x |
Binance MRKUSDT
Bybit MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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: −0.218% → −0.098%
- −$12.06
- Slippage, 4 orders
- −$251.83
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$284.88
- Costs to cover
- 2.728%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 18 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 Binance live order book, 10 min ago | 3.33 bp | 25.2 bp −$25 | 180.9 bp −$1,809 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 18 min ago | 4.00 bp | 105.8 bp −$106 | doesn't fit | doesn't fit | doesn't fit |
MRK on 9 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 MRKUSDC | −0.0194% | 4h | 150.02 | −0.056% | $791 | $208K | 10x | as long as short |
| BloFin MRK-USDT | −0.0023% | 8h | 150.21 | +0.068% | $41K | $11K | 20x | as long as short |
| Binance MRKUSDTlong | 0.0000% | 8h | 150.11 | long leg | $81K | $180K | 20x | |
| Bybit MRKUSDTshort | 0.0000% | 8h | 149.78 | −0.218% | $123K | $76K | 25x | |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.78 | −0.218% | $38K | $35K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.81 | −0.198% | $85K | $18K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.87 | −0.158% | $160K | $48K | 20x | as long as short |
| Phemex MRKUSDT | 0.0000% | 8h | 150.06 | −0.032% | $130K | $16K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 150.50 | +0.262% | $5K | $349K | 20x | as long as short |
edgeX MRKUSDC
BloFin MRK-USDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
Phemex MRKUSDT
HTX MRK-USDT