Funding you earn now, next payment 12:00 UTC+0.0487%/8h= +53.3% APRpaid last 24h −0.077%
Price spread now: edgeX against Bybit+0.039%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$241as in the Funding arb table
Net, price: spread back to 7d avg − costs−$259as in the Price arb table
costs, in and out, $10k−$2562.563% of the position
Funding, last 7 days+0.155%+$15 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.039%, 7d avg +0.062%
=Together, before fees+0.115%+ Points / potential airdropedgeX: Active · farm board+$12 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.024% cheaper against Bybit than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.062%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.155% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.155% in total (about 8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MRKUSDT | 149.76 | 0 | get 0.0000% / 8h | 5h 56m | $124K | $66K | 25x |
| Short | edgeX MRKUSDC | 149.82 | 0.0487 | get 0.0244% / 4h | 1h 56m | $790 | $210K | 10x |
Bybit MRKUSDT
edgeX MRKUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $102.31
- Price spread: +0.039% → +0.062%
- −$2.35
- Slippage, 4 orders
- −$236.28
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$156.32
- Costs to cover
- 2.563%
- Break-even
- 17.7 days
Slippage from Bybit: live order book, 49 min ago; edgeX: live order book, 53 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, 49 min ago | 3.00 bp | 97.6 bp −$98 | 1133.1 bp −$11.3K | doesn't fit | doesn't fit |
| Sell edgeX live order book, 53 min ago | 8.68 bp | 24.7 bp −$25 | doesn't fit | doesn't fit | doesn't fit |
MRK on 9 exchanges
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 | 149.82 | +0.040% | $89K | $194K | 20x | as long as short |
| Bybit MRKUSDTlong | 0.0000% | 8h | 149.76 | long leg | $124K | $66K | 25x | |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 150.38 | +0.414% | $43K | $54K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.81 | +0.033% | $85K | $19K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.70 | −0.040% | $160K | $47K | 20x | as long as short |
| Phemex MRKUSDT | 0.0000% | 8h | 149.76 | 0.000% | $131K | $18K | 20x | as long as short |
| BloFin MRK-USDT | +0.0012% | 8h | 149.76 | 0.000% | $42K | $11K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 149.83 | +0.047% | $5K | $346K | 20x | as long as short |
| edgeX MRKUSDCshort | +0.0487% | 4h | 149.82 | +0.039% | $790 | $210K | 10x |
Binance MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
Phemex MRKUSDT
BloFin MRK-USDT
HTX MRK-USDT