Funding you earn now, next payment 12:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h −0.077%
Price spread now: edgeX against Binance−0.116%90s7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as 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−$1421.423% of the position
Funding, last 7 days+0.032%+$3 on $10k
+Price spread, last 2 days (all we have)+0.003%$0 · spread now −0.116%, 7d avg −0.019%
=Together, before fees+0.035%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.097% cheaper against Binance than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.019%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MRKUSDT | 149.96 | 0 | get 0.0000% / 8h | 7h 00m | $90K | $189K | 20x |
| Short | edgeX MRKUSDC | 149.79 | −0.0019 | pay 0.0010% / 4h | 3h 00m | $789 | $209K | 10x |
Binance MRKUSDT
edgeX MRKUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$4.01
- Price spread: −0.116% → −0.019%
- −$9.69
- Slippage, 4 orders
- −$123.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$156.01
- Costs to cover
- 1.423%
- Break-even
- never at this rate
Slippage from Binance: live order book, 61 min ago; edgeX: live order book, 32 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, 61 min ago | 12.38 bp | 41.5 bp −$41 | 194.5 bp −$1,945 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 32 min ago | 5.69 bp | 20.7 bp −$21 | 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 MRKUSDCshort | −0.0019% | 4h | 149.79 | −0.116% | $789 | $209K | 10x | |
| Binance MRKUSDTlong | 0.0000% | 8h | 149.96 | long leg | $90K | $189K | 20x | |
| Bybit MRKUSDT | 0.0000% | 8h | 149.79 | −0.114% | $123K | $73K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.82 | −0.094% | $36K | $38K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.75 | −0.141% | $85K | $19K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.77 | −0.127% | $160K | $46K | 20x | as long as short |
| Phemex MRKUSDT | 0.0000% | 8h | 149.84 | −0.081% | $131K | $17K | 20x | as long as short |
| BloFin MRK-USDT | 0.0000% | 8h | 149.71 | −0.167% | $41K | $11K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 149.69 | −0.181% | $5K | $349K | 20x | as long as short |
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
Phemex MRKUSDT
BloFin MRK-USDT
HTX MRK-USDT