Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit−0.148%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$439as in the Funding arb table
Net, price: spread back to 7d avg − costs−$447as in the Price arb table
costs, in and out, $10k−$4394.386% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.388%+$39 · spread now −0.148%, 7d avg −0.064%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.084% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKDDUSDT | 6.7400 | 0 | get 0.0000% / 8h | 3h 49m | $56K | $147K | 25x |
| Short | Phemex SKDDUSDT | 6.7300 | 0 | get 0.0000% / 8h | 3h 49m | $654K | $84K | 20x |
Bybit SKDDUSDT
Phemex SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.148% → −0.064%
- −$8.44
- Slippage, 4 orders
- −$415.6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$447.04
- Costs to cover
- 4.386%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 51 min ago; Phemex: live order book, 3 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, 51 min ago | 7.58 bp | 68.2 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 7.48 bp | 150.0 bp −$150 | 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 | −0.0494% | 4h | 6.6862 | −0.798% | $8K | $162K | 10x | as long as short |
| Bitget SKDDUSDT | −0.0349% | 8h | 6.7410 | +0.015% | $180K | $176K | 20x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 6.7394 | −0.009% | $338K | $1.0M | 20x | as long as short |
| Bybit SKDDUSDTlong | 0.0000% | 8h | 6.7400 | long leg | $56K | $147K | 25x | |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.7520 | +0.178% | $389K | $805K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 6.7490 | +0.134% | $120K | $25K | 20x | as long as short |
| Phemex SKDDUSDTshort | 0.0000% | 8h | 6.7300 | −0.148% | $654K | $84K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 6.6980 | −0.623% | $2K | $72K | 20x | as long as short |
| MEXC SKDD_USDT | +0.5579% | 8h | 6.7380 | −0.030% | $831K | $117K | 20x | as long as short |
edgeX SKDDUSDC
Bitget SKDDUSDT
Binance SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
HTX SKDD-USDT
MEXC SKDD_USDT