Funding you earn now, next payment 16:00 UTC+0.2154%/8h= +235.9% APRnext payment +$21.54 per $10,000 · paid last 24h +0.300%
Price spread now: Phemex against Bitget+0.062%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1761.761% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.062%, 7d avg +0.038%
=Both sides work for this trade now. Funding pays +$65 a day on $10k at the current rate, and Phemex is 0.023% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.038%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$21.54 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 | Bitget SKUUUSDT | 29.152 | −0.2154 | get 0.2154% / 8h | 6h 58m | $603K | $475K | 20x |
| Short | Phemex SKUUUSDT | 29.170 | 0 | get 0.0000% / 8h | 6h 58m | $1.2M | $216K | 20x |
Bitget SKUUUSDT
Phemex SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. 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
- $452.34
- Price spread: +0.062% → +0.038%
- $2.33
- Slippage, 4 orders
- −$152.08
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $278.59
- Costs to cover
- 1.761%
- Break-even
- 2.7 days
Slippage from Bitget: live order book, 31 min ago; Phemex: live order book, 4 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 Bitget live order book, 31 min ago | 5.28 bp | 31.3 bp −$31 | 147.9 bp −$1,479 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 10.33 bp | 45.6 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
SKUU 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKUU_USDT | −0.2163% | 8h | 29.123 | −0.099% | $8.9M | $86K | 20x | as long as short |
| Bitget SKUUUSDTlong | −0.2154% | 8h | 29.152 | long leg | $603K | $475K | 20x | |
| edgeX SKUUUSDC | −0.0350% | 4h | 29.075 | −0.266% | $179K | $291K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 29.193 | +0.142% | $647K | $2.0M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 29.170 | +0.062% | $248K | $207K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 29.160 | +0.027% | $688K | $1.4M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 29.146 | −0.021% | $215K | $44K | 20x | as long as short |
| Phemex SKUUUSDTshort | 0.0000% | 8h | 29.170 | +0.062% | $1.2M | $216K | 20x | |
| HTX SKUU-USDT | +0.0100% | 8h | 29.164 | +0.041% | $6K | $369K | 20x | as long as short |
MEXC SKUU_USDT
edgeX SKUUUSDC
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
HTX SKUU-USDT