Funding you earn now, next payment 08:00 UTC+0.5715%/8h= +625.8% APRnext payment +$57.15 per $10,000 · paid last 24h −0.093%
Price spread now: MEXC against Phemex+0.223%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$444as in the Funding arb table
Net, price: spread back to 7d avg − costs−$385as in the Price arb table
costs, in and out, $10k−$4084.085% of the position
Funding, last 7 days−0.356%−$36 on $10k
+Price spread, last 4 days (all we have)−0.400%−$40 · spread now +0.223%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$171 a day on $10k at the current rate, and MEXC is 0.231% dearer against Phemex than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.009%. Mind the row above: over the last 7 days funding on this pair cost −0.356%, 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 -0.356% in total (about -18.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$57.15 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 | Phemex SKDDUSDT | 6.7300 | 0 | get 0.0000% / 8h | 3h 45m | $654K | $84K | 20x |
| Short | MEXC SKDD_USDT | 6.7450 | 0.5715 | get 0.5715% / 8h | 3h 45m | $878K | $124K | 20x |
Phemex SKDDUSDT
MEXC SKDD_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $1,200.15
- Price spread: +0.223% → −0.009%
- $23.15
- Slippage, 4 orders
- −$396.48
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $814.82
- Costs to cover
- 4.085%
- Break-even
- 2.2 days
Slippage from Phemex: live order book, 7 min ago; MEXC: live order book, 65 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, 7 min ago | 7.48 bp | 145.6 bp −$146 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 65 min ago | 4.55 bp | 65.3 bp −$65 | 206.1 bp −$2,061 | 231.9 bp −$23.2K | 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 | −0.0372% | 4h | 6.7389 | +0.132% | $8K | $162K | 10x | as long as short |
| Bitget SKDDUSDT | −0.0119% | 8h | 6.7540 | +0.357% | $179K | $176K | 20x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 6.7559 | +0.384% | $337K | $1.0M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 6.7600 | +0.446% | $57K | $147K | 25x | as long as short |
| OKX SKDD-USDT-SWAP | 0.0000% | 8h | 6.7660 | +0.535% | $388K | $811K | 20x | as long as short |
| Gate SKDD_USDT | 0.0000% | 8h | 6.7680 | +0.565% | $119K | $25K | 20x | as long as short |
| Phemex SKDDUSDTlong | 0.0000% | 8h | 6.7300 | long leg | $654K | $84K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 6.7570 | +0.401% | $2K | $72K | 20x | as long as short |
| MEXC SKDD_USDTshort | +0.5715% | 8h | 6.7450 | +0.223% | $878K | $124K | 20x |
edgeX SKDDUSDC
Bitget SKDDUSDT
Binance SKDDUSDT
Bybit SKDDUSDT
OKX SKDD-USDT-SWAP
Gate SKDD_USDT
HTX SKDD-USDT