Funding you earn now, next payment 16:00 UTC+0.1194%/8h= +130.7% APRnext payment +$11.94 per $10,000 · paid last 24h +0.230%
Price spread now: Bitget against OKX−0.316%7-day average −0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$278as in the Funding arb table
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$2642.638% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)+0.196%+$20 · spread now −0.316%, 7d avg −0.052%
=Funding pays, the price is against you. Bitget is 0.264% cheaper against OKX than usual: you would sell low and buy high (spread −0.316% now, against its 7-day average of −0.052%). If the spread goes back, that is −$26 on $10k: about 18 hours of funding at the current rate (+$36 a day). Mind the row above: over the last 7 days funding on this pair cost −0.140%, 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 -0.140% in total (about -7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.94 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SKDD-USDT-SWAP | 6.9730 | 0 | get 0.0000% / 8h | 5h 29m | $373K | $1.1M | 20x |
| Short | Bitget SKDDUSDT | 6.9510 | 0.1194 | get 0.1194% / 8h | 5h 29m | $207K | $275K | 20x |
OKX SKDD-USDT-SWAP
Bitget SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- $250.74
- Price spread: −0.316% → −0.052%
- −$26.36
- Slippage, 4 orders
- −$241.8
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$39.42
- Costs to cover
- 2.638%
- Break-even
- 8.1 days
Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 9 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 OKX live order book, 5 min ago | 3.58 bp | 63.6 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 9 min ago | 3.60 bp | 33.0 bp −$33 | 57.8 bp −$578 | doesn't fit | doesn't fit |
SKDD on 9 exchanges
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 | −0.0982% | 4h | 6.9664 | −0.095% | $8K | $164K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 6.9650 | −0.115% | $336K | $1.3M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 6.9700 | −0.043% | $53K | $192K | 25x | as long as short |
| OKX SKDD-USDT-SWAPlong | 0.0000% | 8h | 6.9730 | long leg | $373K | $1.1M | 20x | |
| Gate SKDD_USDT | 0.0000% | 8h | 6.9870 | +0.201% | $119K | $32K | 20x | as long as short |
| Phemex SKDDUSDT | 0.0000% | 8h | 6.9600 | −0.186% | $685K | $108K | 20x | as long as short |
| HTX SKDD-USDT | +0.0100% | 8h | 6.9760 | +0.043% | $2K | $38K | 20x | as long as short |
| Bitget SKDDUSDTshort | +0.1194% | 8h | 6.9510 | −0.316% | $207K | $275K | 20x | |
| MEXC SKDD_USDT | +0.1204% | 8h | 6.9750 | +0.029% | $854K | $134K | 20x | as long as short |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
Gate SKDD_USDT
Phemex SKDDUSDT
HTX SKDD-USDT
MEXC SKDD_USDT