SKDD

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PhemexSKDDUSDT	6.4500	0	0.0000% / 8h	4h 30m	$811K	$189K	20x	Long Phemex
SHORT	BingXNCSKSKDD2USD-USDT	6.4630	+0.1258	get 0.1258% / 8h	4h 30m	$937K	$1.2M	—	Short BingX

Price gap+0.202%

Funding gap+0.1258% /8h

Both sides work: funding pays +$38 a day on $10k, and the gap is 0.135% above its 7d average: +$13 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$94+0.1258% /8h now · paid +0.940% over the last 7D

Price+$13spread +0.202% now, avg +0.067% → +0.135% if it goes back

Costs−$3203.197% of $10k · taker + slippage, in and out

Result−$212−2.12%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.202%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

SKDD on 10 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size140.7 / 29.7 bp
At $10k entering Phemex costs 140.7 bp, fee and slippage, 4.7× BingX’s.
Note: Margin at max leverage$500 + —
Phemex 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval8h / 8h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$37.74Long Phemex: 3 payments, $0.00; short BingX: 3 payments, +$37.74.
OK: Entry gap works for you+0.202% vs +0.067%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$811K vs $937K OI
Phemex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPhemex Yes · BingX Yes
KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0448%/8h × 21 periods+$94.00

Price spread+0.202% → +0.067% (7d avg)+$13.47

Slippage, 4 orderslive order books−$297.72

Fee Phemex bp × 2 orders−$12.00

Fee BingX bp × 2 orders−$10.00

Net · 7 days · $10k−$212.25

Costs to cover3.197%Break-even22.8 days

Slippage: Phemex: live order book, 50 min ago; BingX: live order book, 11 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPhemex15.20140.7 bp−$141529.2 bp−$5,292doesn’t fitdoesn’t fit

SELL · SHORTBingX12.3529.7 bp−$3091.9 bp−$919327.3 bp−$32.7K798.9 bp−$399.5K

Closing costs about the same again.