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: Phemex against HTX−0.181%7-day average −0.080% · 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)+0.283%+$28 · spread now −0.181%, 7d avg −0.080%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.101% cheaper against HTX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.080%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX MRK-USDT | 149.42 | 0.0100 | pay 0.0100% / 8h | 3h 28m | $5K | $347K | 20x |
| Short | Phemex MRKUSDT | 149.15 | 0 | get 0.0000% / 8h | 3h 28m | $128K | $17K | 20x |
HTX MRK-USDT
Phemex MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: −0.181% → −0.080%
- −$10.08
- Slippage, 4 orders
- no order book: not counted
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$55.08
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: HTX: live order book, 25 min ago; Phemex: live order book, 24 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, 25 min ago | 54.19 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 24 min ago | 10.73 bp | 43.9 bp −$44 | 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 | −0.0563% | 4h | 149.11 | −0.208% | $786 | $209K | 10x | as long as short |
| BloFin MRK-USDT | −0.0006% | 8h | 148.98 | −0.294% | $41K | $11K | 20x | as long as short |
| Binance MRKUSDT | 0.0000% | 8h | 148.98 | −0.296% | $83K | $178K | 20x | as long as short |
| Bybit MRKUSDT | 0.0000% | 8h | 148.97 | −0.301% | $124K | $74K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 148.94 | −0.321% | $38K | $35K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.04 | −0.254% | $84K | $18K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 148.98 | −0.294% | $159K | $48K | 20x | as long as short |
| Phemex MRKUSDTshort | 0.0000% | 8h | 149.15 | −0.181% | $128K | $17K | 20x | |
| HTX MRK-USDTlong | +0.0100% | 8h | 149.42 | long leg | $5K | $347K | 20x |
edgeX MRKUSDC
BloFin MRK-USDT
Binance MRKUSDT
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT