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: Bitget against Phemex−0.207%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1441.443% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.183%+$18 · spread now −0.207%, 7d avg −0.053%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.154% cheaper against Phemex than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRKUSDT | 149.47 | 0 | get 0.0000% / 8h | 7h 36m | $128K | $18K | 20x |
| Short | Bitget MRKUSDT | 149.16 | 0 | get 0.0000% / 8h | 7h 36m | $165K | $103K | 20x |
Phemex MRKUSDT
Bitget MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.207% → −0.053%
- −$15.44
- Slippage, 4 orders
- −$120.27
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$159.71
- Costs to cover
- 1.443%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 35 min ago; Bitget: live order book, 27 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, 35 min ago | 5.68 bp | 45.0 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 27 min ago | 10.02 bp | 30.8 bp −$31 | 35.4 bp −$354 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MRKUSDT | 0.0000% | 8h | 149.51 | +0.027% | $87K | $185K | 20x | as long as short |
| Bybit MRKUSDT | 0.0000% | 8h | 149.16 | −0.207% | $124K | $81K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.50 | +0.020% | $36K | $44K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.45 | −0.013% | $85K | $22K | 20x | as long as short |
| Bitget MRKUSDTshort | 0.0000% | 8h | 149.16 | −0.207% | $165K | $103K | 20x | |
| Phemex MRKUSDTlong | 0.0000% | 8h | 149.47 | long leg | $128K | $18K | 20x | |
| BloFin MRK-USDT | +0.0026% | 8h | 149.49 | +0.013% | $41K | $10K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 149.69 | +0.147% | $5K | $343K | 20x | as long as short |
| edgeX MRKUSDC | +0.0961% | 4h | 149.54 | +0.045% | $718 | $207K | 10x | as long as short |
Binance MRKUSDT
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
BloFin MRK-USDT
HTX MRK-USDT
edgeX MRKUSDC