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: OKX against Phemex+0.160%7-day average — · you sell dearer than you buy
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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.160% dearer against Phemex than usual: you sell high and buy low, +$16 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex MRKUSDT | 149.71 | 0 | get 0.0000% / 8h | 17m 41s | $128K | $18K | 20x |
| Short | OKX MRK-USDT-SWAP | 149.95 | 0 | get 0.0000% / 8h | 17m 41s | $32K | $40K | 20x |
Phemex MRKUSDT
OKX MRK-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: +0.160% → 0.000%
- $16.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$5.97
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 60 min ago; OKX: 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, 60 min ago | 11.67 bp | 44.3 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX no order-book sample | — | — | — | — | — |
OKX: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRKUSDC | −0.0891% | 4h | 149.72 | +0.004% | $719 | $207K | 10x | as long as short |
| BloFin MRK-USDT | −0.0008% | 8h | 149.82 | +0.073% | $41K | $10K | 20x | as long as short |
| Binance MRKUSDT | 0.0000% | 8h | 149.72 | +0.006% | $86K | $191K | 20x | as long as short |
| Bybit MRKUSDT | 0.0000% | 8h | 149.60 | −0.073% | $124K | $80K | 25x | as long as short |
| OKX MRK-USDT-SWAPshort | 0.0000% | 8h | 149.95 | +0.160% | $32K | $40K | 20x | |
| Gate MRK_USDT | 0.0000% | 8h | 149.76 | +0.033% | $85K | $23K | 20x | as long as short |
| Bitget MRKUSDT | 0.0000% | 8h | 149.59 | −0.080% | $165K | $115K | 20x | as long as short |
| Phemex MRKUSDTlong | 0.0000% | 8h | 149.71 | long leg | $128K | $18K | 20x | |
| HTX MRK-USDT | +0.0100% | 8h | 150.04 | +0.220% | $5K | $342K | 20x | as long as short |
edgeX MRKUSDC
BloFin MRK-USDT
Binance MRKUSDT
Bybit MRKUSDT
Gate MRK_USDT
Bitget MRKUSDT
HTX MRK-USDT