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: Binance against Phemex+0.007%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1591.587% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 2 days (all we have)+0.005%+$1 · spread now +0.007%, 7d avg +0.025%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRKUSDT | 148.86 | 0 | get 0.0000% / 8h | 6h 42m | $128K | $18K | 20x |
| Short | Binance MRKUSDT | 148.87 | 0 | get 0.0000% / 8h | 6h 42m | $87K | $192K | 20x |
Phemex MRKUSDT
Binance MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Phemex. 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
- $0
- Price spread: +0.007% → +0.025%
- −$1.82
- Slippage, 4 orders
- −$136.74
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$160.56
- Costs to cover
- 1.587%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 24 min ago; Binance: live order book, 48 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 Phemex live order book, 24 min ago | 9.39 bp | 50.2 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 48 min ago | 3.68 bp | 32.9 bp −$33 | 189.5 bp −$1,895 | 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 | −0.0872% | 4h | 148.95 | +0.061% | $785 | $208K | 10x | as long as short |
| Binance MRKUSDTshort | 0.0000% | 8h | 148.87 | +0.007% | $87K | $192K | 20x | |
| Bybit MRKUSDT | 0.0000% | 8h | 148.66 | −0.134% | $124K | $81K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 148.87 | +0.007% | $36K | $44K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 148.98 | +0.081% | $84K | $22K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 148.90 | +0.027% | $165K | $104K | 20x | as long as short |
| Phemex MRKUSDTlong | 0.0000% | 8h | 148.86 | long leg | $128K | $18K | 20x | |
| BloFin MRK-USDT | +0.0028% | 8h | 149.13 | +0.181% | $41K | $10K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 148.73 | −0.087% | $5K | $346K | 20x | as long as short |
edgeX MRKUSDC
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
BloFin MRK-USDT
HTX MRK-USDT