Funding you earn now, next payment 08:00 UTC−0.1107%/8h= −121.2% APRnext payment −$11.07 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against Bybit−0.212%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$278as in the Funding arb table
Net, price: spread back to 7d avg − costs−$263as in the Price arb table
costs, in and out, $10k−$2432.430% of the position
Funding, last 7 days−0.352%−$35 on $10k
+Price spread, last 4 days (all we have)−0.015%−$2 · spread now −0.212%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Bitget is 0.197% cheaper against Bybit than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
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 −$11.07 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 | Bybit SKDDUSDT | 6.6000 | 0 | get 0.0000% / 8h | 4h 45m | $54K | $151K | 25x |
| Short | Bitget SKDDUSDT | 6.5860 | −0.1107 | pay 0.1107% / 8h | 4h 45m | $180K | $165K | 20x |
Bybit SKDDUSDT
Bitget SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$232.47
- Price spread: −0.212% → −0.015%
- −$19.67
- Slippage, 4 orders
- −$219.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$495.12
- Costs to cover
- 2.430%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 59 min ago; Bitget: live order book, 4 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 Bybit live order book, 59 min ago | 15.04 bp | 81.3 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 6.83 bp | 35.5 bp −$35 | 57.7 bp −$577 | 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 | −0.1113% | 8h | 6.5940 | −0.091% | $814K | $117K | 20x | as long as short |
| Bitget SKDDUSDTshort | −0.1107% | 8h | 6.5860 | −0.212% | $180K | $165K | 20x | |
| edgeX SKDDUSDC | −0.0623% | 4h | 6.5983 | −0.026% | $8K | $163K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 6.5969 | −0.047% | $335K | $1.0M | 20x | as long as short |
| Bybit SKDDUSDTlong | 0.0000% | 8h | 6.6000 | long leg | $54K | $151K | 25x | |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.5980 | −0.030% | $382K | $762K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 6.6160 | +0.242% | $117K | $24K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 6.5900 | −0.152% | $639K | $81K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 6.6150 | +0.227% | $2K | $78K | 20x | as long as short |
MEXC SKDD_USDT
edgeX SKDDUSDC
Binance SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT