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: Binance against Bybit+0.214%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$290as in the Funding arb table
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$3033.027% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 2 days (all we have)−0.128%−$13 · spread now +0.214%, 7d avg +0.090%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.125% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.090%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MRKUSDT | 149.19 | 0 | get 0.0000% / 8h | 7h 36m | $124K | $81K | 25x |
| Short | Binance MRKUSDT | 149.51 | 0 | get 0.0000% / 8h | 7h 36m | $87K | $185K | 20x |
Bybit MRKUSDT
Binance MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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: +0.214% → +0.090%
- $12.49
- Slippage, 4 orders
- −$281.66
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$290.18
- Costs to cover
- 3.027%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 18 min ago; Binance: live order book, 70 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 Bybit live order book, 18 min ago | 11.06 bp | 114.0 bp −$114 | 1189.3 bp −$11.9K | doesn't fit | doesn't fit |
| Sell Binance live order book, 70 min ago | 7.34 bp | 24.9 bp −$25 | 97.3 bp −$973 | 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 MRKUSDTshort | 0.0000% | 8h | 149.51 | +0.214% | $87K | $185K | 20x | |
| Bybit MRKUSDTlong | 0.0000% | 8h | 149.19 | long leg | $124K | $81K | 25x | |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.50 | +0.208% | $36K | $44K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.45 | +0.174% | $85K | $22K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.16 | −0.020% | $165K | $103K | 20x | as long as short |
| Phemex MRKUSDT | 0.0000% | 8h | 149.47 | +0.188% | $128K | $18K | 20x | as long as short |
| BloFin MRK-USDT | +0.0026% | 8h | 149.49 | +0.201% | $41K | $10K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 149.69 | +0.335% | $5K | $343K | 20x | as long as short |
| edgeX MRKUSDC | +0.0961% | 4h | 149.54 | +0.232% | $718 | $207K | 10x | as long as short |
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
Phemex MRKUSDT
BloFin MRK-USDT
HTX MRK-USDT
edgeX MRKUSDC