Funding you earn now, next payment 08:00 UTC+0.0494%/8h= +54.1% APRpaid last 24h −0.016%
Price spread now: Phemex against edgeX+0.655%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$370as in the Funding arb table
Net, price: spread back to 7d avg − costs−$310as in the Price arb table
costs, in and out, $10k−$3813.812% of the position
Funding, last 7 days+0.111%+$11 on $10k
+Price spread, last 4 days (all we have)−0.623%−$62 · spread now +0.655%, 7d avg −0.057%
=Together, before fees−0.512%+ Points / potential airdropedgeX: Active · farm board−$51 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Phemex is 0.712% dearer against edgeX than usual: you sell high and buy low: +$71 more if the spread goes back to its 7-day average of −0.057%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.111% in total (about 5.8% a year). A funding rate is set anew for every payment. 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 | edgeX SKDDUSDC | 6.6862 | −0.0494 | get 0.0247% / 4h | 3h 48m | $8K | $162K | 10x |
| Short | Phemex SKDDUSDT | 6.7300 | 0 | get 0.0000% / 8h | 3h 48m | $654K | $84K | 20x |
edgeX SKDDUSDC
Phemex SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- $103.74
- Price spread: +0.655% → −0.057%
- $71.23
- Slippage, 4 orders
- −$360.16
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$206.19
- Costs to cover
- 3.812%
- Break-even
- 20.9 days
Slippage from edgeX: live order book, 3 min ago; Phemex: 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 edgeX live order book, 3 min ago | 14.93 bp | 29.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 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 SKDDUSDClong | −0.0494% | 4h | 6.6862 | long leg | $8K | $162K | 10x | |
| Bitget SKDDUSDT | −0.0284% | 8h | 6.7380 | +0.775% | $179K | $176K | 20x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 6.7360 | +0.745% | $336K | $1.0M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 6.7500 | +0.954% | $56K | $147K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.7470 | +0.909% | $387K | $807K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 6.7530 | +0.999% | $119K | $25K | 20x | as long as short |
| Phemex SKDDUSDTshort | 0.0000% | 8h | 6.7300 | +0.655% | $654K | $84K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 6.6980 | +0.176% | $2K | $72K | 20x | as long as short |
| MEXC SKDD_USDT | +0.5694% | 8h | 6.7400 | +0.805% | $832K | $117K | 20x | as long as short |
Bitget SKDDUSDT
Binance SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
HTX SKDD-USDT
MEXC SKDD_USDT