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: Phemex against Bitget+0.254%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1861.865% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.254%, 7d avg +0.054%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.200% dearer against Bitget than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MRKUSDT | 149.57 | 0 | get 0.0000% / 8h | 1h 32m | $160K | $48K | 20x |
| Short | Phemex MRKUSDT | 149.95 | 0 | get 0.0000% / 8h | 1h 32m | $129K | $16K | 20x |
Bitget MRKUSDT
Phemex MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.254% → +0.054%
- $20.04
- Slippage, 4 orders
- −$162.47
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$166.43
- Costs to cover
- 1.865%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Phemex: live order book, 10 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, 2 min ago | 11.02 bp | 45.6 bp −$46 | 57.8 bp −$578 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 10 min ago | 6.00 bp | 46.8 bp −$47 | 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 | 149.96 | +0.258% | $81K | $181K | 20x | as long as short |
| Bybit MRKUSDT | 0.0000% | 8h | 149.76 | +0.127% | $123K | $76K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.76 | +0.127% | $38K | $35K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.88 | +0.207% | $85K | $18K | 20x | as long as short |
| Bitget MRKUSDTlong | 0.0000% | 8h | 149.57 | long leg | $160K | $48K | 20x | |
| Phemex MRKUSDTshort | 0.0000% | 8h | 149.95 | +0.254% | $129K | $16K | 20x | |
| BloFin MRK-USDT | +0.0010% | 8h | 149.97 | +0.267% | $41K | $11K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 149.91 | +0.227% | $5K | $349K | 20x | as long as short |
| edgeX MRKUSDC | +0.0156% | 4h | 149.94 | +0.246% | $790 | $208K | 10x | as long as short |
Binance MRKUSDT
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
BloFin MRK-USDT
HTX MRK-USDT
edgeX MRKUSDC