Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.25 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Bybit+0.094%82s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.094% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MRKUSDT | 148.93 | 0 | get 0.0000% / 8h | 4h 19m | $124K | $75K | 25x |
| Short | BloFin MRK-USDT | 149.07 | 0.0025 | get 0.0025% / 8h | 4h 19m | $41K | $11K | 20x |
Bybit MRKUSDT
BloFin MRK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $5.29
- Price spread: +0.094% → 0.000%
- $9.4
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$8.31
- Costs to cover
- 0.230%
- Break-even
- 18.0 days
Slippage unknown: Bybit: live order book, 20 min ago; BloFin: no order-book sample. Net counts fees only.
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, 20 min ago | 7.74 bp | 105.4 bp −$105 | 1171.4 bp −$11.7K | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MRKUSDT | 0.0000% | 8h | 149.27 | +0.230% | $82K | $176K | 20x | as long as short |
| Bybit MRKUSDTlong | 0.0000% | 8h | 148.93 | long leg | $124K | $75K | 25x | |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.02 | +0.060% | $36K | $34K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.22 | +0.195% | $85K | $20K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.18 | +0.168% | $158K | $59K | 20x | as long as short |
| Phemex MRKUSDT | 0.0000% | 8h | 149.46 | +0.356% | $129K | $17K | 20x | as long as short |
| BloFin MRK-USDTshort | +0.0025% | 8h | 149.07 | +0.094% | $41K | $11K | 20x | |
| HTX MRK-USDT | +0.0100% | 8h | 150.15 | +0.819% | $5K | $349K | 20x | as long as short |
| edgeX MRKUSDC | +0.0352% | 4h | 149.16 | +0.155% | $786 | $207K | 10x | as long as short |
Binance MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
Phemex MRKUSDT
HTX MRK-USDT
edgeX MRKUSDC