Funding you earn now, next payment 08:00 UTC−0.2320%/8h= −254.0% APRnext payment −$23.20 per $10,000 · paid last 24h +0.030%
Price spread now: Bybit against Bitget+0.287%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2482.476% of the position
Funding, last 7 days+0.352%+$35 on $10k
+Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.287%, 7d avg +0.021%
=The price spread pays, funding is against you. Bybit is 0.266% dearer against Bitget than usual: you sell high and buy low (spread +0.287% now, against its 7-day average of +0.021%): +$27 on $10k if it goes back. Holding the pair costs −$70 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 +0.352%, 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 0.352% in total (about 18.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$23.20 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 | 6.9800 | 0.2320 | pay 0.2320% / 8h | 2h 19m | $184K | $187K | 20x |
| Short | Bybit SKDDUSDT | 7.0000 | 0 | get 0.0000% / 8h | 2h 19m | $57K | $152K | 25x |
Bitget SKDDUSDT
Bybit SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$487.2
- Price spread: +0.287% → +0.021%
- $26.58
- Slippage, 4 orders
- −$224.59
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$708.21
- Costs to cover
- 2.476%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 20 min ago; Bybit: live order book, 10 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, 20 min ago | 5.03 bp | 54.9 bp −$55 | 62.2 bp −$622 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 14.24 bp | 80.3 bp −$80 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKDDUSDC | −0.0713% | 4h | 7.0148 | +0.498% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 6.9951 | +0.216% | $338K | $1.1M | 20x | as long as short |
| Bybit SKDDUSDTshort | 0.0000% | 8h | 7.0000 | +0.287% | $57K | $152K | 25x | |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.0050 | +0.358% | $400K | $902K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.0210 | +0.587% | $119K | $28K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 6.9900 | +0.143% | $682K | $91K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0090 | +0.415% | $2K | $60K | 20x | as long as short |
| Bitget SKDDUSDTlong | +0.2320% | 8h | 6.9800 | long leg | $184K | $187K | 20x | |
| MEXC SKDD_USDT | +0.3983% | 8h | 6.9990 | +0.272% | $870K | $133K | 20x | as long as short |
edgeX SKDDUSDC
Binance SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
MEXC SKDD_USDT