Funding you earn now, next payment 16:00 UTC−0.1165%/8h= −127.6% APRnext payment −$11.65 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bitget+0.253%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2302.302% of the position
Funding, last 7 days+0.227%+$23 on $10k
+Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.253%, 7d avg −0.043%
=The price spread pays, funding is against you. MEXC is 0.296% dearer against Bitget than usual: you sell high and buy low (spread +0.253% now, against its 7-day average of −0.043%): +$30 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.227%, 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 0.227% in total (about 11.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$11.65 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 | 7.1070 | 0.2522 | pay 0.2522% / 8h | 7h 44m | $182K | $231K | 20x |
| Short | MEXC SKDD_USDT | 7.1250 | 0.1357 | get 0.1357% / 8h | 7h 44m | $872K | $133K | 20x |
Bitget SKDDUSDT
MEXC SKDD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$244.65
- Price spread: +0.253% → −0.043%
- $29.61
- Slippage, 4 orders
- −$218.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$445.23
- Costs to cover
- 2.302%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 45 min ago; MEXC: live order book, 46 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, 45 min ago | 7.84 bp | 65.7 bp −$66 | 108.9 bp −$1,089 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 46 min ago | 14.19 bp | 68.6 bp −$69 | 236.8 bp −$2,368 | 271.9 bp −$27.2K | 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 | −0.0802% | 4h | 7.1262 | +0.271% | $8K | $163K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 7.1257 | +0.263% | $351K | $1.3M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.1300 | +0.324% | $56K | $177K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.1220 | +0.211% | $390K | $1.0M | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.1510 | +0.619% | $121K | $30K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 7.1300 | +0.324% | $701K | $103K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.1530 | +0.647% | $3K | $42K | 20x | as long as short |
| MEXC SKDD_USDTshort | +0.1357% | 8h | 7.1250 | +0.253% | $872K | $133K | 20x | |
| Bitget SKDDUSDTlong | +0.2522% | 8h | 7.1070 | long leg | $182K | $231K | 20x |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT