Funding you earn now, next payment 08:00 UTC+0.2355%/8h= +257.9% APRnext payment +$23.55 per $10,000 · paid last 24h +0.011%
Price spread now: Bitget against Binance−0.266%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1331.333% of the position
Funding, last 7 days−0.175%−$18 on $10k
+Price spread, last 2 days (all we have)+0.251%+$25 · spread now −0.266%, 7d avg −0.046%
=Funding pays, the price is against you. Bitget is 0.220% cheaper against Binance than usual: you would sell low and buy high (spread −0.266% now, against its 7-day average of −0.046%). If the spread goes back, that is −$22 on $10k: about 7 hours of funding at the current rate (+$71 a day). Mind the row above: over the last 7 days funding on this pair cost −0.175%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$23.55 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 | Binance SKDDUSDT | 7.0217 | 0 | get 0.0000% / 8h | 2h 16m | $340K | $1.1M | 20x |
| Short | Bitget SKDDUSDT | 7.0030 | 0.2355 | get 0.2355% / 8h | 2h 16m | $184K | $187K | 20x |
Binance SKDDUSDT
Bitget SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- $494.55
- Price spread: −0.266% → −0.046%
- −$21.97
- Slippage, 4 orders
- −$111.32
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $339.26
- Costs to cover
- 1.333%
- Break-even
- 2.2 days
Slippage from Binance: live order book, 1 min ago; Bitget: live order book, 23 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, 1 min ago | 4.27 bp | 24.8 bp −$25 | 115.0 bp −$1,150 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 23 min ago | 5.03 bp | 21.1 bp −$21 | 48.4 bp −$484 | doesn't fit | doesn't fit |
SKDD 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 SKDDUSDC | −0.0600% | 4h | 7.0099 | −0.168% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDTlong | 0.0000% | 8h | 7.0217 | long leg | $340K | $1.1M | 20x | |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.0300 | +0.119% | $57K | $152K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.0210 | −0.009% | $401K | $905K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.0240 | +0.033% | $119K | $28K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 7.0100 | −0.166% | $684K | $91K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0040 | −0.251% | $2K | $59K | 20x | as long as short |
| Bitget SKDDUSDTshort | +0.2355% | 8h | 7.0030 | −0.266% | $184K | $187K | 20x | |
| MEXC SKDD_USDT | +0.4122% | 8h | 7.0160 | −0.080% | $872K | $133K | 20x | as long as short |
edgeX SKDDUSDC
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
MEXC SKDD_USDT