Funding you earn now, next payment 08:00 UTC+0.0780%/8h= +85.4% APRnext payment +$7.80 per $10,000 · paid last 24h +0.033%
Price spread now: Phemex against MEXC+0.065%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$181as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1371.367% of the position
Funding, last 7 days−0.443%−$44 on $10k
+Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.065%, 7d avg +0.040%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Phemex is 0.025% dearer against MEXC than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.443%, 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 -0.443% in total (about -23.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.80 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 | MEXC SKUU_USDT | 29.151 | −0.0780 | get 0.0780% / 8h | 4m 40s | $8.9M | $89K | 20x |
| Short | Phemex SKUUUSDT | 29.170 | 0 | get 0.0000% / 8h | 4m 40s | $1.2M | $204K | 20x |
MEXC SKUU_USDT
Phemex SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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
- $163.8
- Price spread: +0.065% → +0.040%
- $2.54
- Slippage, 4 orders
- −$124.66
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $29.68
- Costs to cover
- 1.367%
- Break-even
- 5.7 days
Slippage from MEXC: live order book, 3 min ago; Phemex: live order book, 3 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 MEXC live order book, 3 min ago | 6.18 bp | 25.5 bp −$26 | 170.0 bp −$1,700 | 240.5 bp −$24.1K | doesn't fit |
| Sell Phemex live order book, 3 min ago | 3.43 bp | 45.5 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKUUUSDT | −0.2664% | 8h | 29.148 | −0.010% | $576K | $449K | 20x | as long as short |
| MEXC SKUU_USDTlong | −0.0780% | 8h | 29.151 | long leg | $8.9M | $89K | 20x | |
| edgeX SKUUUSDC | −0.0681% | 4h | 29.158 | +0.023% | $180K | $290K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 29.158 | +0.024% | $612K | $1.8M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 29.120 | −0.106% | $242K | $190K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 29.130 | −0.072% | $708K | $1.3M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 29.113 | −0.130% | $219K | $37K | 20x | as long as short |
| Phemex SKUUUSDTshort | 0.0000% | 8h | 29.170 | +0.065% | $1.2M | $204K | 20x | |
| HTX SKUU-USDT | +0.0100% | 8h | 29.083 | −0.233% | $6K | $371K | 20x | as long as short |
Bitget SKUUUSDT
edgeX SKUUUSDC
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
HTX SKUU-USDT