SKL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.128%

Price spread now: Gate against BloFin+0.153%93s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1991.987% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.204%−$20 · spread now +0.153%, 7d avg +0.045%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Gate is 0.108% dearer against BloFin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin SKL-USDT	0.004573	0.0084	pay 0.0042% / 4h	2h 49m	$183K	$44K	50x
Short	Gate SKL_USDT	0.004580	0.0100	get 0.0050% / 4h	2h 49m	$198K	$241K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.153%Rate

Funding earned: $3.35
Price spread: +0.153% → +0.045%: $10.78
Slippage, 4 orders: −$171.65
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$184.52
Costs to cover: 1.987%
Break-even: 392.6 days

Slippage from BloFin: live order book, 10 min ago; Gate: live order book, 12 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 BloFin live order book, 10 min ago	3.28 bp	26.1 bp −$26	67.1 bp −$671	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	10.90 bp	73.3 bp −$73	doesn't fit	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-USDTlong	+0.0084%	4h	0.004573	long leg	$183K	$44K	50x
Binance SKLUSDT	+0.0100%	4h	0.004589	+0.361%	$2.8M	$9.3M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004590	+0.372%	$897K	$1.0M	25x	as long as short
Gate SKL_USDTshort	+0.0100%	4h	0.004580	+0.153%	$198K	$241K	50x
MEXC SKL_USDT	+0.0100%	4h	0.004589	+0.350%	$388K	$205K	20x	as long as short
KuCoin SKLUSDTM	+0.0100%	4h	0.004587	+0.306%	$828K	$368K	30x	as long as short
Bitget SKLUSDT	+0.0100%	4h	0.004589	+0.350%	$504K	$1.0M	25x	as long as short
BingX SKL-USDT	+0.0100%	4h	0.004589	+0.350%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004574	+0.017%	$702	$1K	—	as long as short
Kraken Futures PF_SKLUSD	+0.0596%	1h	0.004590	+0.365%	$5K	$5K	10x	as long as short