Settings8H · net · $10k
Funding arb · Price arb /

MRK

RWAall MRK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Gate−0.242%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.009%+$1 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.242% cheaper against Gate than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MRK_USDT149.020get 0.0000% / 8h6h 48m$84K$22K20x
ShortBybit MRKUSDT148.660get 0.0000% / 8h6h 48m$124K$81K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.242% → 0.000%
−$24.16
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$50.16
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Gate: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate no order-book sample
Sell Bybit live order book, 1 min ago8.74 bp105.5 bp −$105doesn't fitdoesn't fitdoesn't fit
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MRK on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance MRKUSDT0.0000%8h148.87−0.101%$87K$192K20xas long as short
Bybit MRKUSDTshort0.0000%8h148.66−0.242%$124K$81K25x
OKX MRK-USDT-SWAP0.0000%8h148.87−0.101%$36K$44K20xas long as short
Gate MRK_USDTlong0.0000%8h149.02long leg$84K$22K20x
Bitget MRKUSDT0.0000%8h148.73−0.195%$164K$104K20xas long as short
Phemex MRKUSDT0.0000%8h148.87−0.101%$128K$18K20xas long as short
BloFin MRK-USDT+0.0028%8h149.13+0.074%$41K$10K20xas long as short
HTX MRK-USDT+0.0100%8h148.75−0.181%$5K$346K20xas long as short
edgeX MRKUSDC+0.0133%4h148.97−0.030%$785$207K10xas long as short