Funding you earn now, next payment 08:00 UTC+0.0662%/8h= +72.5% APRpaid last 24h +0.008%
Price spread now: Binance against edgeX−0.064%100s7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1311.306% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 2 days (all we have)+0.150%+$15 · spread now −0.064%, 7d avg +0.022%
=Together, before fees+0.031%+ Points / potential airdropedgeX: Active · farm board+$3 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.086% cheaper against edgeX than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.022%). If the spread goes back, that is −$9 on $10k: about 10 hours of funding at the current rate (+$20 a day). Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour. The two prices were read 100 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.119% in total (about -6.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX MRKUSDC | 149.14 | −0.0662 | get 0.0331% / 4h | 3h 29m | $786 | $209K | 10x |
| Short | Binance MRKUSDT | 149.05 | 0 | get 0.0000% / 8h | 3h 29m | $83K | $178K | 20x |
edgeX MRKUSDC
Binance MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against edgeX. 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
- $138.96
- Price spread: −0.064% → +0.022%
- −$8.59
- Slippage, 4 orders
- −$111.61
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$0.24
- Costs to cover
- 1.306%
- Break-even
- 7.0 days
Slippage from edgeX: live order book, 22 min ago; Binance: live order book, 17 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 edgeX live order book, 22 min ago | 11.07 bp | 26.4 bp −$26 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 17 min ago | 9.73 bp | 31.5 bp −$31 | 125.9 bp −$1,259 | 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 MRKUSDClong | −0.0662% | 4h | 149.14 | long leg | $786 | $209K | 10x | |
| BloFin MRK-USDT | −0.0008% | 8h | 149.01 | −0.090% | $41K | $11K | 20x | as long as short |
| Binance MRKUSDTshort | 0.0000% | 8h | 149.05 | −0.064% | $83K | $178K | 20x | |
| Bybit MRKUSDT | 0.0000% | 8h | 149.08 | −0.043% | $124K | $74K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 148.97 | −0.117% | $38K | $35K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.05 | −0.063% | $84K | $18K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.01 | −0.090% | $159K | $48K | 20x | as long as short |
| Phemex MRKUSDT | 0.0000% | 8h | 149.15 | +0.004% | $128K | $17K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 149.33 | +0.124% | $5K | $347K | 20x | as long as short |
BloFin MRK-USDT
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
Phemex MRKUSDT
HTX MRK-USDT