Funding you earn now, next payment 08:00 UTC−0.0322%/8h= −35.3% APRpaid last 24h +0.016%
Price spread now: edgeX against Gate+0.166%52s7-day average −0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$706as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$6956.946% of the position
Funding, last 7 days−0.111%−$11 on $10k
+Price spread, last 4 days (all we have)−0.711%−$71 · spread now +0.166%, 7d avg −0.111%
=Together, before fees−0.822%+ Points / potential airdropedgeX: Active · farm board−$82 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.277% dearer against Gate than usual: you sell high and buy low (spread +0.166% now, against its 7-day average of −0.111%): +$28 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.9 days. At the pace of the last 7 days (−0.111% in total) that is about 17 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
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 | Gate SKDD_USDT | 6.8790 | 0 | get 0.0000% / 8h | 2h 58m | $117K | $27K | 20x |
| Short | edgeX SKDDUSDC | 6.8904 | −0.0322 | pay 0.0161% / 4h | 2h 58m | $8K | $163K | 10x |
Gate SKDD_USDT
edgeX SKDDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$67.67
- Price spread: +0.166% → −0.111%
- $27.73
- Slippage, 4 orders
- −$670.59
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$734.53
- Costs to cover
- 6.946%
- Break-even
- never at this rate
Slippage from Gate: live order book, 47 min ago; edgeX: live order book, 53 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, 47 min ago | 42.84 bp | 207.9 bp −$208 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 53 min ago | 14.93 bp | 56.1 bp −$56 | 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 SKDDUSDCshort | −0.0322% | 4h | 6.8904 | +0.166% | $8K | $163K | 10x | |
| Binance SKDDUSDT | 0.0000% | 8h | 6.8875 | +0.124% | $333K | $1.1M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 6.8900 | +0.160% | $56K | $152K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.8950 | +0.233% | $390K | $843K | 20x | as long as short |
| Gate SKDD_USDTlong | 0.0000% | 8h | 6.8790 | long leg | $117K | $27K | 20x | |
| Phemex SKDDUSDT | 0.0000% | 8h | 6.8800 | +0.015% | $670K | $88K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 6.9060 | +0.392% | $2K | $66K | 20x | as long as short |
| Bitget SKDDUSDT | +0.0988% | 8h | 6.8820 | +0.044% | $179K | $181K | 20x | as long as short |
| MEXC SKDD_USDT | +0.3230% | 8h | 6.8890 | +0.145% | $858K | $130K | 20x | as long as short |
Binance SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Phemex SKDDUSDT
HTX SKDD-USDT
Bitget SKDDUSDT
MEXC SKDD_USDT