Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against HTX−0.461%7-day average −0.165% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.482%+$48 · spread now −0.461%, 7d avg −0.165%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.296% cheaper against HTX than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.165%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MRK-USDT | 149.54 | 0.0100 | pay 0.0100% / 8h | 4h 25m | $5K | $349K | 20x |
| Short | Bybit MRKUSDT | 148.85 | 0 | get 0.0000% / 8h | 4h 25m | $124K | $75K | 25x |
HTX MRK-USDT
Bybit MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against HTX. 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
- −$21
- Price spread: −0.461% → −0.165%
- −$29.62
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$73.62
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 32 min ago; Bybit: live order book, 14 min ago. Net counts fees only.
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 HTX live order book, 32 min ago | 46.91 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 14 min ago | 7.74 bp | 108.7 bp −$109 | 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 | −0.0119% | 4h | 149.11 | −0.291% | $786 | $207K | 10x | as long as short |
| Binance MRKUSDT | 0.0000% | 8h | 148.88 | −0.441% | $81K | $193K | 20x | as long as short |
| Bybit MRKUSDTshort | 0.0000% | 8h | 148.85 | −0.461% | $124K | $75K | 25x | |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 148.68 | −0.575% | $36K | $34K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.15 | −0.261% | $85K | $20K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.01 | −0.354% | $157K | $59K | 20x | as long as short |
| Phemex MRKUSDT | 0.0000% | 8h | 148.95 | −0.395% | $128K | $17K | 20x | as long as short |
| BloFin MRK-USDT | +0.0020% | 8h | 148.96 | −0.388% | $41K | $11K | 20x | as long as short |
| HTX MRK-USDTlong | +0.0100% | 8h | 149.54 | long leg | $5K | $349K | 20x |
edgeX MRKUSDC
Binance MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
Phemex MRKUSDT
BloFin MRK-USDT