Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit+0.141%7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$309as in the Price arb table
costs, in and out, $10k−$3153.146% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.141%, 7d avg +0.085%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.055% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.085%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MRKUSDT | 149.41 | 0 | get 0.0000% / 8h | 2h 01m | $124K | $77K | 25x |
| Short | Phemex MRKUSDT | 149.62 | 0 | get 0.0000% / 8h | 2h 01m | $128K | $18K | 20x |
Bybit MRKUSDT
Phemex MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.141% → +0.085%
- $5.53
- Slippage, 4 orders
- −$291.65
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$309.12
- Costs to cover
- 3.146%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 13 min ago; Phemex: live order book, 21 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, 13 min ago | 10.05 bp | 115.0 bp −$115 | 1149.0 bp −$11.5K | doesn't fit | doesn't fit |
| Sell Phemex live order book, 21 min ago | 7.68 bp | 42.7 bp −$43 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRKUSDC | −0.0171% | 4h | 149.68 | +0.181% | $718 | $207K | 10x | as long as short |
| Binance MRKUSDT | 0.0000% | 8h | 149.70 | +0.193% | $86K | $193K | 20x | as long as short |
| Bybit MRKUSDTlong | 0.0000% | 8h | 149.41 | long leg | $124K | $77K | 25x | |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.49 | +0.054% | $32K | $40K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.61 | +0.134% | $85K | $23K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.45 | +0.027% | $165K | $111K | 20x | as long as short |
| Phemex MRKUSDTshort | 0.0000% | 8h | 149.62 | +0.141% | $128K | $18K | 20x | |
| BloFin MRK-USDT | +0.0003% | 8h | 149.59 | +0.120% | $41K | $10K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 150.02 | +0.408% | $5K | $340K | 20x | as long as short |
edgeX MRKUSDC
Binance MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
BloFin MRK-USDT
HTX MRK-USDT