Funding you earn now, next payment 08:00 UTC+0.2976%/8h= +325.9% APRnext payment +$29.76 per $10,000 · paid last 24h −0.012%
Price spread now: Binance against MEXC+0.026%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1671.669% of the position
Funding, last 7 days+0.238%+$24 on $10k
+Price spread, last 2 days (all we have)+0.091%+$9 · spread now +0.026%, 7d avg +0.048%
=Funding pays, the price is against you. Binance is 0.022% cheaper against MEXC than usual: you would sell low and buy high (spread +0.026% now, against its 7-day average of +0.048%). If the spread goes back, that is −$2 on $10k: about under an hour of funding at the current rate (+$89 a day). At the pace of the last 7 days (+0.238% in total) that is about 15 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.238% in total (about 12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$29.76 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 | MEXC SKDD_USDT | 6.6270 | −0.3392 | get 0.3392% / 8h | 7h 53m | $820K | $116K | 20x |
| Short | Binance SKDDUSDT | 6.6287 | −0.0416 | pay 0.0416% / 8h | 7h 53m | $312K | $960K | 20x |
MEXC SKDD_USDT
Binance SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against MEXC. 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
- $624.94
- Price spread: +0.026% → +0.048%
- −$2.16
- Slippage, 4 orders
- −$156.9
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $455.88
- Costs to cover
- 1.669%
- Break-even
- 1.9 days
Slippage from MEXC: live order book, 12 min ago; Binance: live order book, 54 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 MEXC live order book, 12 min ago | 8.85 bp | 60.3 bp −$60 | 191.1 bp −$1,911 | 223.4 bp −$22.3K | doesn't fit |
| Sell Binance live order book, 54 min ago | 1.47 bp | 22.7 bp −$23 | 146.8 bp −$1,468 | 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_USDTlong | −0.3392% | 8h | 6.6270 | long leg | $820K | $116K | 20x | |
| edgeX SKDDUSDC | −0.0876% | 4h | 6.6874 | +0.911% | $8K | $162K | 10x | as long as short |
| Binance SKDDUSDTshort | −0.0416% | 8h | 6.6287 | +0.026% | $312K | $960K | 20x | |
| Bitget SKDDUSDT | −0.0368% | 8h | 6.6180 | −0.136% | $179K | $128K | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 6.6300 | +0.045% | $57K | $152K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.6350 | +0.121% | $362K | $613K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 6.6740 | +0.709% | $115K | $20K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 6.6300 | +0.045% | $638K | $78K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 6.6410 | +0.211% | $2K | $108K | 20x | as long as short |
edgeX SKDDUSDC
Bitget SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT