SKL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.5% APRnext payment −$0.02 per $10,000 · paid last 24h +0.003%

Price spread now: BloFin against Binance−0.022%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now −0.022%, 7d avg −0.058%

Together, before fees−0.002%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.036% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKLUSDT	0.004622	0.0100	pay 0.0050% / 4h	47m 12s	$2.8M	$8.8M	50x
Short	BloFin SKL-USDT	0.004621	0.0096	get 0.0048% / 4h	47m 12s	$185K	$42K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$0.87
Price spread: −0.022% → −0.058%: $3.6
Slippage, 4 orders: −$82.85
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$102.12
Costs to cover: 1.048%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; BloFin: live order book, 50 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 Binance live order book, 7 min ago	2.15 bp	24.1 bp −$24	72.4 bp −$724	doesn't fit	doesn't fit
Sell BloFin live order book, 50 min ago	2.14 bp	34.2 bp −$34	73.7 bp −$737	doesn't fit	doesn't fit

SKL on 10 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
BloFin SKL-USDTshort	+0.0096%	4h	0.004621	−0.022%	$185K	$42K	50x
Binance SKLUSDTlong	+0.0100%	4h	0.004622	long leg	$2.8M	$8.8M	50x
Bybit SKLUSDT	+0.0100%	8h	0.004623	+0.022%	$898K	$1.0M	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004620	−0.043%	$192K	$229K	50x	as long as short
MEXC SKL_USDT	+0.0100%	4h	0.004621	−0.022%	$395K	$193K	20x	as long as short
KuCoin SKLUSDTM	+0.0100%	4h	0.004623	+0.022%	$826K	$355K	30x	as long as short
Bitget SKLUSDT	+0.0100%	4h	0.004620	−0.043%	$496K	$874K	25x	as long as short
BingX SKL-USDT	+0.0100%	4h	0.004622	0.000%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004632	+0.220%	$711	$1K	—	as long as short
Kraken Futures PF_SKLUSD	+0.1991%	1h	0.004635	+0.286%	$5K	$5K	10x	as long as short