Funding you earn now, next payment 08:00 UTC−0.2498%/8h= −273.5% APRnext payment −$24.98 per $10,000 · paid last 24h +0.030%
Price spread now: Phemex against Bitget+0.470%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$351as in the Funding arb table
Net, price: spread back to 7d avg − costs−$334as in the Price arb table
costs, in and out, $10k−$3863.863% of the position
Funding, last 7 days+0.352%+$35 on $10k
+Price spread, last 4 days (all we have)−0.402%−$40 · spread now +0.470%, 7d avg −0.050%
=The price spread pays, funding is against you. Phemex is 0.520% dearer against Bitget than usual: you sell high and buy low (spread +0.470% now, against its 7-day average of −0.050%): +$52 on $10k if it goes back. Holding the pair costs −$75 a day in funding at the current rate, which eats that in about 17 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 −$24.98 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 | 7.0170 | 0.2498 | pay 0.2498% / 8h | 1h 31m | $184K | $202K | 20x |
| Short | Phemex SKDDUSDT | 7.0500 | 0 | get 0.0000% / 8h | 1h 31m | $689K | $94K | 20x |
Bitget SKDDUSDT
Phemex SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$524.58
- Price spread: +0.470% → −0.050%
- $52.03
- Slippage, 4 orders
- −$362.33
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$858.89
- Costs to cover
- 3.863%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Phemex: 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, 3 min ago | 5.70 bp | 77.3 bp −$77 | 80.1 bp −$801 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 11 min ago | 21.38 bp | 152.6 bp −$153 | 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 | −0.0352% | 4h | 7.0414 | +0.347% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 7.0570 | +0.570% | $352K | $1.2M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.0600 | +0.613% | $57K | $155K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.0570 | +0.570% | $392K | $950K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.0720 | +0.784% | $120K | $28K | 20x | as long as short |
| Phemex SKDDUSDTshort | 0.0000% | 8h | 7.0500 | +0.470% | $689K | $94K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0580 | +0.584% | $2K | $50K | 20x | as long as short |
| MEXC SKDD_USDT | +0.2472% | 8h | 7.0520 | +0.499% | $875K | $132K | 20x | as long as short |
| Bitget SKDDUSDTlong | +0.2498% | 8h | 7.0170 | long leg | $184K | $202K | 20x |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
HTX SKDD-USDT
MEXC SKDD_USDT