Settings8H · net · $10k
Funding arb · Price arb /

MRK

RWAall MRK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0091%/8h= +9.9% APRnext payment +$0.91 per $10,000 · paid last 24h +0.032%
Price spread now: HTX against BloFin+0.120%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.120% dearer against BloFin than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MRK-USDT149.400.0009pay 0.0009% / 8h4h 13m$41K$11K20x
ShortHTX MRK-USDT149.580.0100get 0.0100% / 8h4h 13m$5K$349K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$19.05
Price spread: +0.120% → 0.000%
$12.05
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee HTX: 6 bp × 2 orders
−$12
Net
$7.1
Costs to cover
0.240%
Break-even
4.4 days
Slippage unknown: BloFin: no order-book sample; HTX: live order book, 45 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell HTX live order book, 45 min ago46.91 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
BloFin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MRK on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance MRKUSDT0.0000%8h149.08−0.214%$81K$179K20xas long as short
Bybit MRKUSDT0.0000%8h148.88−0.348%$124K$75K25xas long as short
OKX MRK-USDT-SWAP0.0000%8h149.27−0.087%$36K$34K20xas long as short
Gate MRK_USDT0.0000%8h149.26−0.094%$85K$20K20xas long as short
Bitget MRKUSDT0.0000%8h148.89−0.341%$157K$59K20xas long as short
Phemex MRKUSDT0.0000%8h149.07−0.221%$128K$17K20xas long as short
BloFin MRK-USDTlong+0.0009%8h149.40long leg$41K$11K20x
HTX MRK-USDTshort+0.0100%8h149.58+0.120%$5K$349K20x
edgeX MRKUSDC+0.0632%4h149.27−0.086%$787$209K10xas long as short