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

MRK

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Alert: funding
Alert: spread
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: Bitget against Bybit+0.107%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$326as in the Funding arb table
Net, price: spread back to 7d avg − costs−$319as in the Price arb table
costs, in and out, $10k−$3263.261% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.107%, 7d avg +0.038%
Together, before fees−0.039%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.069% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MRKUSDT148.850get 0.0000% / 8h4h 25m$124K$75K25x
ShortBitget MRKUSDT149.010get 0.0000% / 8h4h 25m$157K$59K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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
$0
Price spread: +0.107% → +0.038%
$6.9
Slippage, 4 orders
−$303.08
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$319.18
Costs to cover
3.261%
Break-even
never at this rate
Slippage from Bybit: live order book, 14 min ago; Bitget: live order book, 24 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 14 min ago7.74 bp105.4 bp −$1051171.4 bp −$11.7Kdoesn't fitdoesn't fit
Sell Bitget live order book, 24 min ago14.45 bp42.8 bp −$4355.6 bp −$556doesn't fitdoesn't fit

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
edgeX MRKUSDC−0.0119%4h149.11+0.171%$786$207K10xas long as short
Binance MRKUSDT0.0000%8h148.88+0.020%$81K$193K20xas long as short
Bybit MRKUSDTlong0.0000%8h148.85long leg$124K$75K25x
OKX MRK-USDT-SWAP0.0000%8h148.68−0.114%$36K$34K20xas long as short
Gate MRK_USDT0.0000%8h149.15+0.202%$85K$20K20xas long as short
Bitget MRKUSDTshort0.0000%8h149.01+0.107%$157K$59K20x
Phemex MRKUSDT0.0000%8h148.97+0.081%$128K$17K20xas long as short
BloFin MRK-USDT+0.0025%8h148.97+0.081%$41K$11K20xas long as short
HTX MRK-USDT+0.0100%8h149.64+0.531%$5K$349K20xas long as short