Funding arb · Price arb /

SKUU

RWAall SKUU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.030%

Price spread now: Phemex against Gate−0.010%7-day average +0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$553as in the Funding arb table

Net, price: spread back to 7d avg − costs−$564as in the Price arb table

costs, in and out, $10k−$5565.556% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 3 days (all we have)+0.052%+$5 · spread now −0.010%, 7d avg +0.070%

Together, before fees+0.082%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.080% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SKUU_USDT	31.193	0	get 0.0000% / 8h	6h 43m	$238K	$19K	20x
Short	Phemex SKUUUSDT	31.190	0	get 0.0000% / 8h	6h 43m	$1.2M	$163K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee PhemexbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.070%: −$7.95
Slippage, 4 orders: −$528.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$563.55
Costs to cover: 5.556%
Break-even: never at this rate

Slippage from Gate: live order book, 18 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 Gate live order book, 18 min ago	3.99 bp	250.7 bp −$251	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	4.80 bp	45.9 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
edgeX SKUUUSDC	−0.0603%	4h	31.238	+0.145%	$193K	$288K	10x	as long as short
Binance SKUUUSDT	0.0000%	8h	31.180	−0.042%	$598K	$1.3M	20x	as long as short
Bybit SKUUUSDT	0.0000%	8h	31.190	−0.010%	$286K	$142K	25x	as long as short
OKX SKUU-USDT-SWAP	0.0000%	8h	31.200	+0.022%	$759K	$1.0M	20x	as long as short
Gate SKUU_USDTlong	0.0000%	8h	31.193	long leg	$238K	$19K	20x
Phemex SKUUUSDTshort	0.0000%	8h	31.190	−0.010%	$1.2M	$163K	20x
HTX SKUU-USDT	+0.0397%	8h	31.210	+0.054%	$6K	$386K	20x	as long as short
Bitget SKUUUSDT	+0.1186%	8h	31.173	−0.064%	$596K	$283K	20x	as long as short
MEXC SKUU_USDT	+0.1190%	8h	31.200	+0.022%	$9.5M	$83K	20x	as long as short