Funding you earn now, next payment 08:00 UTC+0.2309%/8h= +252.8% APRnext payment +$23.09 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against Gate−0.484%7-day average −0.097% · you buy dearer than you sell
Net, funding: paid 7d − costs−$602as in the Funding arb table
Net, price: spread back to 7d avg − costs−$605as in the Price arb table
costs, in and out, $10k−$5675.667% of the position
Funding, last 7 days−0.352%−$35 on $10k
+Price spread, last 4 days (all we have)+0.294%+$29 · spread now −0.484%, 7d avg −0.097%
=Funding pays, the price is against you. Bitget is 0.387% cheaper against Gate than usual: you would sell low and buy high (spread −0.484% now, against its 7-day average of −0.097%). If the spread goes back, that is −$39 on $10k: about 13 hours of funding at the current rate (+$69 a day). Mind the row above: over the last 7 days funding on this pair cost −0.352%, so the current rate has only just turned in your favour.
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 +$23.09 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 | Gate SKDD_USDT | 7.0270 | 0 | get 0.0000% / 8h | 2h 21m | $120K | $28K | 20x |
| Short | Bitget SKDDUSDT | 6.9930 | 0.2309 | get 0.2309% / 8h | 2h 21m | $184K | $186K | 20x |
Gate SKDD_USDT
Bitget SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $484.89
- Price spread: −0.484% → −0.097%
- −$38.73
- Slippage, 4 orders
- −$539.73
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$120.57
- Costs to cover
- 5.667%
- Break-even
- 8.7 days
Slippage from Gate: live order book, 19 min ago; Bitget: live order book, 18 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 Gate live order book, 19 min ago | 17.94 bp | 216.2 bp −$216 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 18 min ago | 5.03 bp | 21.1 bp −$21 | 48.4 bp −$484 | 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 | −0.0090% | 4h | 7.0583 | +0.445% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 7.0010 | −0.370% | $338K | $1.1M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.0200 | −0.100% | $57K | $152K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.0200 | −0.100% | $400K | $903K | 20x | as long as short |
| Gate SKDD_USDTlong | 0.0000% | 8h | 7.0270 | long leg | $120K | $28K | 20x | |
| Phemex SKDDUSDT | 0.0000% | 8h | 7.0000 | −0.384% | $683K | $91K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0390 | +0.171% | $2K | $60K | 20x | as long as short |
| Bitget SKDDUSDTshort | +0.2309% | 8h | 6.9930 | −0.484% | $184K | $186K | 20x | |
| MEXC SKDD_USDT | +0.3848% | 8h | 7.0110 | −0.228% | $871K | $133K | 20x | as long as short |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Phemex SKDDUSDT
HTX SKDD-USDT
MEXC SKDD_USDT