Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Phemex−0.060%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$312as in the Price arb table
costs, in and out, $10k−$3153.146% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.060%, 7d avg −0.086%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.026% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.086%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRKUSDT | 149.96 | 0 | get 0.0000% / 8h | 1h 19m | $128K | $18K | 20x |
| Short | Bybit MRKUSDT | 149.87 | 0 | get 0.0000% / 8h | 1h 19m | $124K | $78K | 25x |
Phemex MRKUSDT
Bybit MRKUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.060% → −0.086%
- $2.57
- Slippage, 4 orders
- −$291.65
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$312.08
- Costs to cover
- 3.146%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 63 min ago; Bybit: live order book, 55 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, 63 min ago | 7.68 bp | 49.2 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 55 min ago | 10.05 bp | 107.8 bp −$108 | 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 | −0.0364% | 4h | 149.96 | +0.003% | $720 | $207K | 10x | as long as short |
| BloFin MRK-USDT | −0.0022% | 8h | 150.02 | +0.040% | $41K | $10K | 20x | as long as short |
| Binance MRKUSDT | 0.0000% | 8h | 149.90 | −0.041% | $86K | $192K | 20x | as long as short |
| Bybit MRKUSDTshort | 0.0000% | 8h | 149.87 | −0.060% | $124K | $78K | 25x | |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.95 | −0.007% | $32K | $40K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.77 | −0.127% | $85K | $23K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.86 | −0.067% | $165K | $110K | 20x | as long as short |
| Phemex MRKUSDTlong | 0.0000% | 8h | 149.96 | long leg | $128K | $18K | 20x | |
| HTX MRK-USDT | +0.0100% | 8h | 150.11 | +0.100% | $5K | $340K | 20x | as long as short |
edgeX MRKUSDC
BloFin MRK-USDT
Binance MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
HTX MRK-USDT