Funding you earn now, next payment 08:00 UTC+0.0416%/8h= +45.6% APRnext payment +$4.16 per $10,000 · paid last 24h +0.042%
Price spread now: OKX against Binance+0.027%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1651.655% of the position
Funding, last 7 days+0.123%+$12 on $10k
+Price spread, last 2 days (all we have)−0.038%−$4 · spread now +0.027%, 7d avg +0.011%
=The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.16 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 | 6.6282 | −0.0416 | get 0.0416% / 8h | 7h 53m | $312K | $960K | 20x |
| Short | OKX SKDD-USDT-SWAP | 6.6300 | 0 | get 0.0000% / 8h | 7h 53m | $362K | $612K | 20x |
Binance SKDDUSDT
OKX SKDD-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $87.38
- Price spread: +0.027% → +0.011%
- $1.6
- Slippage, 4 orders
- −$145.48
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$76.51
- Costs to cover
- 1.655%
- Break-even
- 13.1 days
Slippage from Binance: live order book, 54 min ago; OKX: live order book, 18 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, 54 min ago | 1.47 bp | 37.7 bp −$38 | 160.6 bp −$1,606 | doesn't fit | doesn't fit |
| Sell OKX live order book, 18 min ago | 3.66 bp | 45.7 bp −$46 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKDD_USDT | −0.3392% | 8h | 6.6270 | −0.018% | $820K | $116K | 20x | as long as short |
| edgeX SKDDUSDC | −0.0876% | 4h | 6.6874 | +0.893% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDTlong | −0.0416% | 8h | 6.6282 | long leg | $312K | $960K | 20x | |
| Bitget SKDDUSDT | −0.0368% | 8h | 6.6140 | −0.214% | $179K | $129K | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 6.6300 | +0.027% | $57K | $152K | 25x | as long as short |
| OKX SKDD-USDT-SWAPshort | 0.0000% | 8h | 6.6300 | +0.027% | $362K | $612K | 20x | |
| Gate SKDD_USDT | 0.0000% | 8h | 6.6670 | +0.586% | $115K | $20K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 6.6300 | +0.027% | $638K | $77K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 6.6410 | +0.193% | $2K | $108K | 20x | as long as short |
MEXC SKDD_USDT
edgeX SKDDUSDC
Bitget SKDDUSDT
Bybit SKDDUSDT
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT