Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Phemex+0.156%53s7-day average +0.085% · you sell dearer than you buy
Net, funding: paid 7d − costs−$417as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$4124.116% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.125%−$12 · spread now +0.156%, 7d avg +0.085%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.071% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.085%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKDDUSDT | 7.0300 | 0 | get 0.0000% / 8h | 1h 28m | $687K | $93K | 20x |
| Short | OKX SKDD-USDT-SWAP | 7.0410 | 0 | get 0.0000% / 8h | 1h 28m | $392K | $949K | 20x |
Phemex SKDDUSDT
OKX SKDD-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $0
- Price spread: +0.156% → +0.085%
- $7.1
- Slippage, 4 orders
- −$389.6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$404.5
- Costs to cover
- 4.116%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 14 min ago; OKX: live order book, 13 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, 14 min ago | 21.38 bp | 139.0 bp −$139 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 13 min ago | 3.56 bp | 70.1 bp −$70 | 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 | −0.0484% | 4h | 7.0518 | +0.310% | $8K | $163K | 10x | as long as short |
| Binance SKDDUSDT | 0.0000% | 8h | 7.0380 | +0.114% | $351K | $1.2M | 20x | as long as short |
| Bybit SKDDUSDT | 0.0000% | 8h | 7.0400 | +0.142% | $57K | $155K | 25x | as long as short |
| OKX SKDD-USDT-SWAPshort | 0.0000% | 8h | 7.0410 | +0.156% | $392K | $949K | 20x | |
| Gate SKDD_USDT | 0.0000% | 8h | 7.0280 | −0.028% | $119K | $28K | 20x | as long as short |
| Phemex SKDDUSDTlong | 0.0000% | 8h | 7.0300 | long leg | $687K | $93K | 20x | |
| HTX SKDD-USDT | +0.0100% | 8h | 7.0350 | +0.071% | $2K | $49K | 20x | as long as short |
| MEXC SKDD_USDT | +0.2561% | 8h | 7.0220 | −0.114% | $871K | $133K | 20x | as long as short |
| Bitget SKDDUSDT | +0.2572% | 8h | 7.0150 | −0.213% | $186K | $203K | 20x | as long as short |
edgeX SKDDUSDC
Binance SKDDUSDT
Bybit SKDDUSDT
Gate SKDD_USDT
HTX SKDD-USDT
MEXC SKDD_USDT
Bitget SKDDUSDT