After costs, if the gap returns to its 7d average, $10k−$319
spread now+0.406%7d average+0.268%fees + slippage, in and out−$332spread needed3.325%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MERLUSDT | 0.02712 | 0.0471 | pay 0.0471% / 8h | 5h 16m | $1.2M | $527K | 25x |
| Short | Bitget MERLUSDT | 0.02723 | 0.0100 | get 0.0050% / 4h | 1h 16m | $1.6M | $345K | 25x |
Bybit MERLUSDT
Bitget MERLUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $40.56
- Funding while held
- −$11.14
- Slippage, 4 orders
- −$309.46
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$303.04
- Spread needed to break even
- 3.325%
Slippage from Bybit: live order book, 6 min ago; Bitget: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0371%
- Per $10,000 a day
- −$11.14
- Average in range /8h
- —
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 Bybit live order book, 6 min ago | 7.39 bp | 128.4 bp −$128 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 11.02 bp | 32.4 bp −$32 | 173.8 bp −$1,738 | doesn't fit | doesn't fit |
MERL price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.02706cheapestCoinbase International0.02711+0.170%
Variational Omni
Coinbase InternationalBybit0.02712+0.218%
OKX0.02717+0.403%Gate0.02719+0.477%MEXC0.02719+0.477%KuCoin0.02719+0.477%BingX0.02719+0.477%Aster0.02720+0.496%Orderly0.02720+0.514%Binance0.02720+0.528%Hyperliquid0.02721+0.536%BloFin0.02721+0.551%SunX0.02722+0.588%Deribit0.02722+0.603%
OKX
Gate
MEXC
KuCoin
BingX
Aster
Orderly
Binance
Hyperliquid
BloFin
SunX
DeribitBitget0.02723+0.625%
MERL on 16 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni MERL | −0.218% | +0.0100% | 8h | $9K | $112 | — | as long as short |
| Coinbase International MERL-PERP-INTX | −0.048% | −0.0144% | 1h | $48K | $497K | 50x | as long as short |
| Bybit MERLUSDTlong | 0.000% | +0.0471% | 8h | $1.2M | $527K | 25x | |
| OKX MERL-USDT-SWAP | +0.184% | +0.0100% | 4h | $1.3M | $2.5M | 20x | as long as short |
| Gate MERL_USDT | +0.258% | +0.0100% | 8h | $250K | $74K | 25x | as long as short |
| MEXC MERL_USDT | +0.258% | +0.0100% | 4h | $14.3M | $112K | 100x | as long as short |
| KuCoin MERLUSDTM | +0.258% | +0.0100% | 4h | $877K | $64K | 30x | as long as short |
| BingX MERL-USDT | +0.258% | +0.0424% | 4h | — | $6.7M | — | as long as short |
| Aster MERLUSDT | +0.278% | +0.0100% | 4h | $3K | $427 | 5x | as long as short |
| Orderly PERP_MERL_USDC | +0.295% | +0.0096% | 4h | $13K | $2K | 10x | as long as short |
Show all 16 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance MERLUSDT | +0.309% | +0.0100% | 4h | $1.8M | $2.3M | 50x | as long as short |
| Hyperliquid MERL | +0.317% | +0.0100% | 1h | $432K | $156K | 3x | as long as short |
| BloFin MERL-USDT | +0.332% | +0.0098% | 4h | $125K | $3K | 50x | as long as short |
| SunX MERL-USDT | +0.369% | +0.0100% | 4h | $2K | $1.0M | 20x | as long as short |
| Deribit MERL_USDC-PERPETUAL | +0.383% | +0.0853% | 1h | $44K | $75K | 10x | as long as short |
| Bitget MERLUSDTshort | +0.406% | +0.0100% | 4h | $1.6M | $345K | 25x |