Funding you earn now, next payment 08:00 UTC−0.2402%/8h= −263.0% APRnext payment −$24.02 per $10,000 · paid last 24h −0.011%
Price spread now: Binance against Bitget+0.332%7-day average +0.054% · 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−$145as in the Price arb table
costs, in and out, $10k−$1731.725% of the position
Funding, last 7 days+0.175%+$18 on $10k
+Price spread, last 2 days (all we have)−0.323%−$32 · spread now +0.332%, 7d avg +0.054%
=The price spread pays, funding is against you. Binance is 0.278% dearer against Bitget than usual: you sell high and buy low (spread +0.332% now, against its 7-day average of +0.054%): +$28 on $10k if it goes back. Holding the pair costs −$72 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.175%, so the current rate has only just turned against you.
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 −$24.02 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 | Bitget SKDDUSDT | 7.0130 | 0.2402 | pay 0.2402% / 8h | 1h 36m | $185K | $200K | 20x |
| Short | Binance SKDDUSDT | 7.0363 | 0 | get 0.0000% / 8h | 1h 36m | $348K | $1.2M | 20x |
Bitget SKDDUSDT
Binance SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$504.42
- Price spread: +0.332% → +0.054%
- $27.82
- Slippage, 4 orders
- −$150.55
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$649.15
- Costs to cover
- 1.725%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 63 min ago; Binance: live order book, 11 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 Bitget live order book, 63 min ago | 5.03 bp | 54.9 bp −$55 | 62.2 bp −$622 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 4.29 bp | 46.9 bp −$47 | 141.7 bp −$1,417 | 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 | −0.0043% | 4h | 7.0284 | +0.219% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDTshort | 0.0000% | 8h | 7.0363 | +0.332% | $348K | $1.2M | 20x | |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.0400 | +0.385% | $57K | $154K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.0480 | +0.499% | $398K | $937K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.0590 | +0.656% | $120K | $28K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 7.0400 | +0.385% | $688K | $93K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0580 | +0.642% | $2K | $51K | 20x | as long as short |
| Bitget SKDDUSDTlong | +0.2402% | 8h | 7.0130 | long leg | $185K | $200K | 20x | |
| MEXC SKDD_USDT | +0.3018% | 8h | 7.0170 | +0.057% | $871K | $132K | 20x | as long as short |
edgeX SKDDUSDC
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
MEXC SKDD_USDT