Funding you earn now, next payment 16:00 UTC+0.1690%/8h= +185.1% APRnext payment +$16.90 per $10,000 · paid last 24h +0.272%
Price spread now: MEXC against Binance+0.125%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$155as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1721.718% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 2 days (all we have)−0.366%−$37 · spread now +0.125%, 7d avg −0.047%
=Both sides work for this trade now. Funding pays +$51 a day on $10k at the current rate, and MEXC is 0.171% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.047%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.169% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$16.90 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKDDUSDT | 7.0572 | 0 | get 0.0000% / 8h | 6h 17m | $342K | $1.3M | 20x |
| Short | MEXC SKDD_USDT | 7.0660 | 0.1690 | get 0.1690% / 8h | 6h 17m | $865K | $135K | 20x |
Binance SKDDUSDT
MEXC SKDD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $354.9
- Price spread: +0.125% → −0.047%
- $17.15
- Slippage, 4 orders
- −$161.76
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $200.29
- Costs to cover
- 1.718%
- Break-even
- 3.0 days
Slippage from Binance: live order book, 8 min ago; MEXC: live order book, 30 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, 8 min ago | 3.54 bp | 27.1 bp −$27 | 178.5 bp −$1,785 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 30 min ago | 14.14 bp | 26.7 bp −$27 | 51.9 bp −$519 | 227.6 bp −$22.8K | doesn't fit |
SKDD on 9 exchanges
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 | −0.0146% | 4h | 7.0615 | +0.060% | $8K | $164K | 10x | as long as short |
| Binance SKDDUSDTlong | 0.0000% | 8h | 7.0572 | long leg | $342K | $1.3M | 20x | |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.0600 | +0.040% | $52K | $186K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.0670 | +0.139% | $376K | $1.0M | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.0780 | +0.295% | $121K | $32K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 7.0500 | −0.102% | $694K | $106K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0690 | +0.167% | $2K | $37K | 20x | as long as short |
| Bitget SKDDUSDT | +0.1680% | 8h | 7.0460 | −0.159% | $200K | $269K | 20x | as long as short |
| MEXC SKDD_USDTshort | +0.1690% | 8h | 7.0660 | +0.125% | $865K | $135K | 20x |
edgeX SKDDUSDC
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
Bitget SKDDUSDT