Funding you earn now, next payment 04:00 UTC−0.0847%/8h= −92.7% APRpaid last 24h −0.052%
Price spread now: Bybit against edgeX−0.232%101s7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$324as 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−$2962.962% of the position
Funding, last 7 days−0.273%−$27 on $10k
+Price spread, last 3 days (all we have)+0.173%+$17 · spread now −0.232%, 7d avg −0.056%
=Together, before fees−0.101%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Bybit is 0.176% cheaper against edgeX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.056%). Swap the legs. The two prices were read 101 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 -0.273% in total (about -14.3% 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 | 149.52 | 0.0847 | pay 0.0423% / 4h | 3h 37m | $718 | $207K | 10x |
| Short | Bybit MRKUSDT | 149.17 | 0 | get 0.0000% / 8h | 7h 37m | $124K | $81K | 25x |
edgeX MRKUSDC
Bybit MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$177.84
- Price spread: −0.232% → −0.056%
- −$17.64
- Slippage, 4 orders
- −$276.23
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$491.71
- Costs to cover
- 2.962%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 34 min ago; Bybit: 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, 34 min ago | 5.68 bp | 20.5 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 17 min ago | 11.06 bp | 140.0 bp −$140 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin MRK-USDT | −0.0012% | 8h | 149.49 | −0.018% | $41K | $10K | 20x | as long as short |
| Binance MRKUSDT | 0.0000% | 8h | 149.51 | −0.005% | $87K | $185K | 20x | as long as short |
| Bybit MRKUSDTshort | 0.0000% | 8h | 149.17 | −0.232% | $124K | $81K | 25x | |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.50 | −0.012% | $36K | $44K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.44 | −0.052% | $85K | $22K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.15 | −0.246% | $165K | $103K | 20x | as long as short |
| Phemex MRKUSDT | 0.0000% | 8h | 149.47 | −0.032% | $128K | $18K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 149.53 | +0.008% | $5K | $343K | 20x | as long as short |
| edgeX MRKUSDClong | +0.0847% | 4h | 149.52 | long leg | $718 | $207K | 10x |
BloFin MRK-USDT
Binance MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
Phemex MRKUSDT
HTX MRK-USDT