Funding you earn now, next payment 08:00 UTC+0.0412%/8h= +45.2% APRpaid last 24h −0.008%
Price spread now: edgeX against Bitget+0.004%104s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as 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−$1491.486% of the position
Funding, last 7 days+0.242%+$24 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.004%, 7d avg +0.027%
=Together, before fees+0.218%+ Points / potential airdropedgeX: Active · farm board+$22 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.024% cheaper against Bitget than usual: you would sell low and buy high (spread +0.004% now, against its 7-day average of +0.027%). If the spread goes back, that is −$2 on $10k: about 5 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.242% in total) that is about 16 hours. The two prices were read 104 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 0.242% in total (about 12.6% 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 | Bitget MRKUSDT | 149.28 | 0 | get 0.0000% / 8h | 2h 35m | $160K | $48K | 20x |
| Short | edgeX MRKUSDC | 149.29 | 0.0412 | get 0.0206% / 4h | 2h 35m | $787 | $208K | 10x |
Bitget MRKUSDT
edgeX MRKUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Bitget. 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
- $86.61
- Price spread: +0.004% → +0.027%
- −$2.36
- Slippage, 4 orders
- −$127.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$64.39
- Costs to cover
- 1.486%
- Break-even
- 12.2 days
Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 11 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 Bitget live order book, 4 min ago | 13.71 bp | 27.0 bp −$27 | 77.6 bp −$776 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 11 min ago | 10.71 bp | 34.8 bp −$35 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MRKUSDT | 0.0000% | 8h | 149.36 | +0.052% | $82K | $178K | 20x | as long as short |
| Bybit MRKUSDT | 0.0000% | 8h | 149.27 | −0.007% | $124K | $76K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.42 | +0.094% | $38K | $35K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.25 | −0.020% | $85K | $18K | 20x | as long as short |
| Bitget MRKUSDTlong | 0.0000% | 8h | 149.28 | long leg | $160K | $48K | 20x | |
| Phemex MRKUSDT | 0.0000% | 8h | 149.37 | +0.060% | $129K | $17K | 20x | as long as short |
| BloFin MRK-USDT | +0.0024% | 8h | 149.37 | +0.060% | $41K | $11K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 150.38 | +0.737% | $5K | $347K | 20x | as long as short |
| edgeX MRKUSDCshort | +0.0412% | 4h | 149.29 | +0.004% | $787 | $208K | 10x |
Binance MRKUSDT
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Phemex MRKUSDT
BloFin MRK-USDT
HTX MRK-USDT