MRK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: HTX against Phemex+0.501%7-day average +0.081% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.201%+$20 on $10k

Price spread, last 3 days (all we have)−0.629%−$63 · spread now +0.501%, 7d avg +0.081%

Together, before fees−0.427%−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.420% dearer against Phemex than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of +0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex MRKUSDT	149.72	0	get 0.0000% / 8h	15m 09s	$128K	$18K	20x
Short	HTX MRK-USDT	150.47	0.0100	get 0.0100% / 8h	15m 09s	$5K	$342K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee HTXbpOrdersPrice spread, now +0.501%Rate

Funding earned: $21
Price spread: +0.501% → +0.081%: $41.95
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: $38.95
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Phemex: live order book, 62 min ago; HTX: live order book, 62 min ago. 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, 62 min ago	11.67 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 62 min ago	64.14 bp	doesn't fit	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	−0.0279%	4h	149.74	+0.016%	$719	$208K	10x	as long as short
BloFin MRK-USDT	−0.0009%	8h	149.83	+0.073%	$41K	$10K	20x	as long as short
Binance MRKUSDT	0.0000%	8h	149.70	−0.013%	$86K	$191K	20x	as long as short
Bybit MRKUSDT	0.0000%	8h	149.65	−0.047%	$124K	$80K	25x	as long as short
OKX MRK-USDT-SWAP	0.0000%	8h	149.95	+0.154%	$32K	$40K	20x	as long as short
Gate MRK_USDT	0.0000%	8h	149.80	+0.053%	$85K	$23K	20x	as long as short
Bitget MRKUSDT	0.0000%	8h	149.60	−0.080%	$165K	$115K	20x	as long as short
Phemex MRKUSDTlong	0.0000%	8h	149.72	long leg	$128K	$18K	20x
HTX MRK-USDTshort	+0.0100%	8h	150.47	+0.501%	$5K	$342K	20x