Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.6% APRnext payment +$0.23 per $10,000 · paid last 24h −0.002%
Price spread now: BloFin against Phemex−0.140%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. BloFin is 0.140% cheaper against Phemex than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 20 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRKUSDT | 149.71 | 0 | get 0.0000% / 8h | 1h 48m | $129K | $16K | 20x |
| Short | BloFin MRK-USDT | 149.50 | 0.0023 | get 0.0023% / 8h | 1h 48m | $41K | $11K | 20x |
Phemex MRKUSDT
BloFin MRK-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $4.92
- Price spread: −0.140% → 0.000%
- −$14.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$33.11
- Costs to cover
- 0.240%
- Break-even
- 54.1 days
Slippage unknown: Phemex: live order book, 59 min ago; BloFin: no order-book sample. 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 Phemex live order book, 59 min ago | 3.68 bp | 34.0 bp −$34 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin no order-book sample | — | — | — | — | — |
BloFin: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MRKUSDT | 0.0000% | 8h | 149.52 | −0.127% | $82K | $179K | 20x | as long as short |
| Bybit MRKUSDT | 0.0000% | 8h | 149.41 | −0.200% | $123K | $76K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.41 | −0.200% | $38K | $35K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.63 | −0.053% | $85K | $18K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.60 | −0.073% | $160K | $48K | 20x | as long as short |
| Phemex MRKUSDTlong | 0.0000% | 8h | 149.71 | long leg | $129K | $16K | 20x | |
| BloFin MRK-USDTshort | +0.0023% | 8h | 149.50 | −0.140% | $41K | $11K | 20x | |
| HTX MRK-USDT | +0.0100% | 8h | 149.99 | +0.187% | $5K | $349K | 20x | as long as short |
| edgeX MRKUSDC | +0.0427% | 4h | 149.61 | −0.067% | $788 | $208K | 10x | as long as short |
Binance MRKUSDT
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
HTX MRK-USDT
edgeX MRKUSDC