Funding you earn now, next payment 00:00 UTC+0.1419%/8h= +155.4% APRnext payment +$14.19 per $10,000 · paid last 24h +0.159%
Price spread now: Phemex against MEXC−0.160%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$343as in the Price arb table
costs, in and out, $10k−$3263.256% of the position
Funding, last 7 days+0.609%+$61 on $10k
+Price spread, last 3 days (all we have)+0.337%+$34 · spread now −0.160%, 7d avg +0.013%
=Funding pays, the price is against you. Phemex is 0.173% cheaper against MEXC than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of +0.013%). If the spread goes back, that is −$17 on $10k: about 10 hours of funding at the current rate (+$43 a day). At the pace of the last 7 days (+0.609% in total) that is about 48 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.609% in total (about 31.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.19 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 | 6.8810 | −0.1419 | get 0.1419% / 8h | 1h 47m | $855K | $116K | 20x |
| Short | Phemex SKDDUSDT | 6.8700 | 0 | get 0.0000% / 8h | 1h 47m | $660K | $75K | 20x |
MEXC SKDD_USDT
Phemex SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $297.99
- Price spread: −0.160% → +0.013%
- −$17.28
- Slippage, 4 orders
- −$313.62
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$44.91
- Costs to cover
- 3.256%
- Break-even
- 8.1 days
Slippage from MEXC: live order book, 28 min ago; Phemex: live order book, 34 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, 28 min ago | 3.62 bp | 5.1 bp −$5 | 84.7 bp −$847 | 228.8 bp −$22.9K | doesn't fit |
| Sell Phemex live order book, 34 min ago | 7.25 bp | 130.0 bp −$130 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKDD_USDTlong | −0.1419% | 8h | 6.8810 | long leg | $855K | $116K | 20x | |
| edgeX SKDDUSDC | −0.0513% | 4h | 6.8745 | −0.094% | $8K | $163K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 6.8751 | −0.086% | $317K | $939K | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 6.8800 | −0.015% | $57K | $149K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.8810 | 0.000% | $347K | $616K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 6.8900 | +0.131% | $118K | $22K | 20x | as long as short |
| Bitget SKDDUSDT | 0.0000% | 8h | 6.8780 | −0.044% | $188K | $164K | 20x | as long as short |
| Phemex SKDDUSDTshort | 0.0000% | 8h | 6.8700 | −0.160% | $660K | $75K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 6.8830 | +0.029% | $2K | $129K | 20x | as long as short |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
Bitget SKDDUSDT
HTX SKDD-USDT