Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against OKX+0.155%7-day average −0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$390as in the Funding arb table
Net, price: spread back to 7d avg − costs−$366as in the Price arb table
costs, in and out, $10k−$3903.898% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.155%, 7d avg −0.083%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.238% dearer against OKX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.083%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SKDD-USDT-SWAP | 7.1190 | 0 | get 0.0000% / 8h | 7h 42m | $387K | $1.0M | 20x |
| Short | Phemex SKDDUSDT | 7.1300 | 0 | get 0.0000% / 8h | 7h 42m | $700K | $103K | 20x |
OKX SKDD-USDT-SWAP
Phemex SKDDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.155% → −0.083%
- $23.75
- Slippage, 4 orders
- −$367.75
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$366
- Costs to cover
- 3.898%
- Break-even
- never at this rate
Slippage from OKX: live order book, 3 min ago; Phemex: live order book, 55 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, 3 min ago | 4.20 bp | 64.2 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 55 min ago | 7.09 bp | 130.8 bp −$131 | 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 SKDDUSDC | −0.0884% | 4h | 7.1263 | +0.103% | $8K | $163K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 7.1350 | +0.225% | $351K | $1.3M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.1300 | +0.155% | $56K | $177K | 25x | as long as short |
| OKX SKDD-USDT-SWAPlong | 0.0000% | 8h | 7.1190 | long leg | $387K | $1.0M | 20x | |
| Gate SKDD_USDT | 0.0000% | 8h | 7.1530 | +0.478% | $121K | $30K | 20x | as long as short |
| Phemex SKDDUSDTshort | 0.0000% | 8h | 7.1300 | +0.155% | $700K | $103K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 7.1460 | +0.379% | $3K | $42K | 20x | as long as short |
| MEXC SKDD_USDT | +0.1119% | 8h | 7.1340 | +0.211% | $873K | $133K | 20x | as long as short |
| Bitget SKDDUSDT | +0.2509% | 8h | 7.1090 | −0.140% | $182K | $231K | 20x | as long as short |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
Gate SKDD_USDT
HTX SKDD-USDT
MEXC SKDD_USDT
Bitget SKDDUSDT