Funding you earn now, next payment 08:00 UTC−0.0577%/8h= −63.2% APRnext payment −$2.89 per $10,000 · paid last 24h −0.046%
Price spread now: BloFin against Gate−0.074%93s7-day average +0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$320as 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−$2982.984% of the position
Funding, last 7 days−0.212%−$21 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now −0.074%, 7d avg +0.066%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and BloFin is 0.140% cheaper against Gate than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.066%). Swap the legs. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.212% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SKR_USDT | 0.02157 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $1.0M | $1.6M | 20x |
| Short | BloFin SKR-USDT | 0.02155 | −0.0477 | pay 0.0239% / 4h | 2h 19m | $260K | $168K | 20x |
Gate SKR_USDT
BloFin SKR-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- −$121.27
- Price spread: −0.074% → +0.066%
- −$13.97
- Slippage, 4 orders
- −$271.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$433.59
- Costs to cover
- 2.984%
- Break-even
- never at this rate
Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 62 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 Gate live order book, 3 min ago | 8.28 bp | 122.1 bp −$122 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 62 min ago | 3.70 bp | 35.0 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
SKR on 15 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 SKR-USDTshort | −0.0477% | 4h | 0.02155 | −0.074% | $260K | $168K | 20x | |
| Hyperliquid SKR | −0.0209% | 1h | 0.02156 | −0.042% | $1.4M | $1.4M | 3x | as long as short |
| Bybit SKRUSDT | −0.0189% | 4h | 0.02157 | −0.005% | $4.9M | $9.9M | 20x | as long as short |
| Backpack SKR_USDC_PERP | −0.0076% | 1h | 0.02153 | −0.167% | $56K | $206K | 5x | as long as short |
| Lighter SKR | +0.0096% | 1h | 0.02157 | +0.023% | $11K | $27K | 3x | as long as short |
| Aster SKRUSDT | +0.0100% | 4h | 0.02155 | −0.075% | $27K | $115K | 5x | as long as short |
| Binance SKRUSDT | +0.0100% | 4h | 0.02156 | −0.046% | $3.9M | $25.5M | 20x | as long as short |
| Gate SKR_USDTlong | +0.0100% | 4h | 0.02157 | long leg | $1.0M | $1.6M | 20x | |
| MEXC SKR_USDT | +0.0100% | 4h | 0.02157 | +0.023% | $5.2M | $818K | 20x | as long as short |
| KuCoin SKRUSDTM | +0.0100% | 4h | 0.02155 | −0.070% | $705K | $1.4M | 20x | as long as short |
Hyperliquid SKR
Bybit SKRUSDT
Backpack SKR_USDC_PERP
Lighter SKR
Aster SKRUSDT
Binance SKRUSDT
MEXC SKR_USDT
KuCoin SKRUSDTMShow all 15 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKRUSDT | +0.0100% | 4h | 0.02157 | +0.014% | $1.6M | $3.3M | 20x | as long as short |
| BingX SKR-USDT | +0.0100% | 4h | 0.02155 | −0.083% | — | $2.7M | — | as long as short |
| SunX SKR-USDT | +0.0100% | 4h | 0.02154 | −0.144% | $2K | $3.0M | 20x | as long as short |
| HTX SKR-USDT | +0.0100% | 4h | 0.02164 | +0.315% | $14K | $40K | 20x | as long as short |
| Phoenix SKR | +0.0735% | 1h | 0.02155 | −0.060% | $4K | $10K | 3x | as long as short |
Bitget SKRUSDT
BingX SKR-USDT
SunX SKR-USDT
HTX SKR-USDT
Phoenix SKR