Funding you earn now, next payment 04:00 UTC−0.0739%/8h= −80.9% APRpaid last 24h +0.024%
Price spread now: edgeX against Phemex−0.076%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$109as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1321.323% of the position
Funding, last 7 days+0.229%+$23 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.076%, 7d avg −0.026%
=Together, before fees+0.228%+ Points / potential airdropedgeX: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and edgeX is 0.050% cheaper against Phemex than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.229%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.229% in total (about 12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRKUSDT | 149.15 | 0 | get 0.0000% / 8h | 5h 04m | $128K | $18K | 20x |
| Short | edgeX MRKUSDC | 149.04 | −0.0739 | pay 0.0369% / 4h | 1h 04m | $785 | $208K | 10x |
Phemex MRKUSDT
edgeX MRKUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$155.15
- Price spread: −0.076% → −0.026%
- −$5
- Slippage, 4 orders
- −$111.3
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$292.45
- Costs to cover
- 1.323%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 57 min ago; edgeX: live order book, 57 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, 57 min ago | 3.02 bp | 40.5 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 57 min ago | 7.71 bp | 24.6 bp −$25 | 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 MRKUSDCshort | −0.0739% | 4h | 149.04 | −0.076% | $785 | $208K | 10x | |
| Binance MRKUSDT | 0.0000% | 8h | 149.10 | −0.037% | $83K | $190K | 20x | as long as short |
| Bybit MRKUSDT | 0.0000% | 8h | 148.91 | −0.161% | $124K | $82K | 25x | as long as short |
| OKX MRK-USDT-SWAP | 0.0000% | 8h | 149.14 | −0.007% | $36K | $45K | 20x | as long as short |
| Gate MRK_USDT | 0.0000% | 8h | 149.06 | −0.060% | $85K | $21K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 148.90 | −0.168% | $157K | $103K | 20x | as long as short |
| Phemex MRKUSDTlong | 0.0000% | 8h | 149.15 | long leg | $128K | $18K | 20x | |
| BloFin MRK-USDT | +0.0028% | 8h | 149.01 | −0.094% | $41K | $11K | 20x | as long as short |
| HTX MRK-USDT | +0.0100% | 8h | 149.23 | +0.054% | $5K | $348K | 20x | as long as short |
Binance MRKUSDT
Bybit MRKUSDT
OKX MRK-USDT-SWAP
Gate MRK_USDT
Bitget MRKUSDT
BloFin MRK-USDT
HTX MRK-USDT