Funding you earn now, next payment 08:00 UTC+0.0417%/8h= +45.7% APRnext payment +$4.17 per $10,000 · paid last 24h +0.006%
Price spread now: Phemex against Binance+0.151%7-day average −0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$302as in the Price arb table
costs, in and out, $10k−$3253.250% of the position
Funding, last 7 days+0.382%+$38 on $10k
+Price spread, last 2 days (all we have)−0.237%−$24 · spread now +0.151%, 7d avg −0.084%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Phemex is 0.235% dearer against Binance than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.084%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKDDUSDT | 6.6200 | −0.0417 | get 0.0417% / 8h | 7h 53m | $312K | $963K | 20x |
| Short | Phemex SKDDUSDT | 6.6300 | 0 | get 0.0000% / 8h | 7h 53m | $638K | $78K | 20x |
Binance SKDDUSDT
Phemex SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $87.64
- Price spread: +0.151% → −0.084%
- $23.5
- Slippage, 4 orders
- −$303.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$213.89
- Costs to cover
- 3.250%
- Break-even
- 24.1 days
Slippage from Binance: live order book, 53 min ago; Phemex: 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, 53 min ago | 1.47 bp | 37.7 bp −$38 | 160.6 bp −$1,606 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 18 min ago | 7.33 bp | 136.7 bp −$137 | 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 | −0.3294% | 8h | 6.6320 | +0.181% | $821K | $116K | 20x | as long as short |
| edgeX SKDDUSDC | −0.0876% | 4h | 6.6874 | +1.018% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDTlong | −0.0417% | 8h | 6.6200 | long leg | $312K | $963K | 20x | |
| Bitget SKDDUSDT | −0.0362% | 8h | 6.6140 | −0.091% | $179K | $128K | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 6.6300 | +0.151% | $57K | $152K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.6320 | +0.181% | $362K | $632K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 6.6780 | +0.876% | $115K | $20K | 20x | as long as short |
| Phemex SKDDUSDTshort | 0.0000% | 8h | 6.6300 | +0.151% | $638K | $78K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 6.6410 | +0.317% | $2K | $108K | 20x | as long as short |
MEXC SKDD_USDT
edgeX SKDDUSDC
Bitget SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
HTX SKDD-USDT