Funding you earn now, next payment 12:00 UTC+0.0229%/8h= +25.1% APRpaid last 24h +0.077%
Price spread now: Bitget against edgeX−0.022%74s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as 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−$1461.462% of the position
Funding, last 7 days−0.155%−$15 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.022%, 7d avg −0.033%
=Together, before fees−0.084%+ Points / potential airdropedgeX: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.155%, so the current rate has only just turned in your favour. The two prices were read 74 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 -0.155% 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 | edgeX MRKUSDC | 149.90 | −0.0229 | get 0.0115% / 4h | 52m 19s | $790 | $209K | 10x |
| Short | Bitget MRKUSDT | 149.87 | 0 | get 0.0000% / 8h | 4h 52m | $160K | $45K | 20x |
edgeX MRKUSDC
Bitget MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $48.15
- Price spread: −0.022% → −0.033%
- $1.17
- Slippage, 4 orders
- −$125.22
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$96.9
- Costs to cover
- 1.462%
- Break-even
- 21.1 days
Slippage from edgeX: live order book, 53 min ago; Bitget: live order book, 45 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, 53 min ago | 3.34 bp | 19.1 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 45 min ago | 16.01 bp | 54.4 bp −$54 | 63.6 bp −$636 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRKUSDClong | −0.0229% | 4h | 149.90 | long leg | $790 | $209K | 10x | |
| Binance MRKUSDT | 0.0000% | 8h | 149.89 | −0.007% | $89K | $195K | 20x | as long as short |
| Bybit MRKUSDT | 0.0000% | 8h | 149.87 | −0.022% | $124K | $59K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 150.05 | +0.098% | $43K | $55K | 10x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.91 | +0.005% | $85K | $19K | 20x | as long as short |
| Bitget MRKUSDTshort | 0.0000% | 8h | 149.87 | −0.022% | $160K | $45K | 20x | |
| Phemex MRKUSDT | 0.0000% | 8h | 149.93 | +0.018% | $131K | $18K | 20x | as long as short |
| BloFin MRK-USDT | +0.0005% | 8h | 150.08 | +0.118% | $42K | $11K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 149.75 | −0.102% | $5K | $343K | 20x | as long as short |
Binance MRKUSDT
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Phemex MRKUSDT
BloFin MRK-USDT
HTX MRK-USDT