Funding you earn now, next payment 12:00 UTC−0.0884%/8h= −96.8% APRpaid last 24h −0.059%
Price spread now: edgeX against Phemex−0.052%7-day average +0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$358as in the Funding arb table
Net, price: spread back to 7d avg − costs−$352as in the Price arb table
costs, in and out, $10k−$3423.418% of the position
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 4 days (all we have)−0.138%−$14 · spread now −0.052%, 7d avg +0.050%
=Together, before fees−0.300%+ Points / potential airdropedgeX: Active · farm board−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and edgeX is 0.101% cheaper against Phemex than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.050%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.162% in total (about -8.5% a year). A funding rate is set anew for every payment. 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 | Phemex SKDDUSDT | 7.1300 | 0 | get 0.0000% / 8h | 7h 43m | $700K | $103K | 20x |
| Short | edgeX SKDDUSDC | 7.1263 | −0.0884 | pay 0.0442% / 4h | 3h 43m | $8K | $163K | 10x |
Phemex SKDDUSDT
edgeX SKDDUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. 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
- −$185.67
- Price spread: −0.052% → +0.050%
- −$10.12
- Slippage, 4 orders
- −$320.77
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$537.56
- Costs to cover
- 3.418%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 54 min ago; edgeX: live order book, 53 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 Phemex live order book, 54 min ago | 7.09 bp | 134.0 bp −$134 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 53 min ago | 9.22 bp | 55.2 bp −$55 | 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 SKDDUSDCshort | −0.0884% | 4h | 7.1263 | −0.052% | $8K | $163K | 10x | |
| Binance SKDDUSDT | 0.0000% | 8h | 7.1310 | +0.014% | $351K | $1.3M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.1200 | −0.140% | $56K | $177K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 7.1190 | −0.154% | $387K | $1.0M | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 7.1510 | +0.295% | $121K | $30K | 20x | as long as short |
| Phemex SKDDUSDTlong | 0.0000% | 8h | 7.1300 | long leg | $700K | $103K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 7.1460 | +0.224% | $3K | $41K | 20x | as long as short |
| MEXC SKDD_USDT | +0.1119% | 8h | 7.1280 | −0.028% | $873K | $133K | 20x | as long as short |
| Bitget SKDDUSDT | +0.2509% | 8h | 7.1070 | −0.323% | $182K | $231K | 20x | as long as short |
Binance SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
HTX SKDD-USDT
MEXC SKDD_USDT
Bitget SKDDUSDT