Funding you earn now, next payment 08:00 UTC+0.0796%/8h= +87.2% APRnext payment +$7.96 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX−0.262%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$168as in the Price arb table
costs, in and out, $10k−$1431.432% of the position
Funding, last 7 days+0.232%+$23 on $10k
+Price spread, last 4 days (all we have)+0.461%+$46 · spread now −0.262%, 7d avg −0.017%
=Funding pays, the price is against you. Bitget is 0.245% cheaper against OKX than usual: you would sell low and buy high (spread −0.262% now, against its 7-day average of −0.017%). If the spread goes back, that is −$25 on $10k: about 25 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.232% in total) that is about 7.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.232% in total (about 12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.96 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 | OKX SKUU-USDT-SWAP | 31.320 | 0 | get 0.0000% / 8h | 5h 12m | $745K | $1.1M | 20x |
| Short | Bitget SKUUUSDT | 31.238 | 0.0796 | get 0.0796% / 8h | 5h 12m | $584K | $290K | 20x |
OKX SKUU-USDT-SWAP
Bitget SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- $167.16
- Price spread: −0.262% → −0.017%
- −$24.52
- Slippage, 4 orders
- −$121.21
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$0.57
- Costs to cover
- 1.432%
- Break-even
- 7.0 days
Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 48 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 OKX live order book, 4 min ago | 3.19 bp | 36.2 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 48 min ago | 14.62 bp | 22.1 bp −$22 | 37.7 bp −$377 | 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 | −0.0750% | 4h | 31.305 | −0.049% | $193K | $289K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 31.291 | −0.094% | $598K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 31.260 | −0.192% | $287K | $141K | 25x | as long as short |
| OKX SKUU-USDT-SWAPlong | 0.0000% | 8h | 31.320 | long leg | $745K | $1.1M | 20x | |
| Gate SKUU_USDT | 0.0000% | 8h | 31.245 | −0.239% | $238K | $19K | 20x | as long as short |
| Phemex SKUUUSDT | 0.0000% | 8h | 31.280 | −0.128% | $1.2M | $164K | 20x | as long as short |
| HTX SKUU-USDT | +0.0100% | 8h | 31.195 | −0.399% | $6K | $381K | 20x | as long as short |
| MEXC SKUU_USDT | +0.0791% | 8h | 31.251 | −0.220% | $9.5M | $86K | 20x | as long as short |
| Bitget SKUUUSDTshort | +0.0796% | 8h | 31.238 | −0.262% | $584K | $290K | 20x |
edgeX SKUUUSDC
Binance SKUUUSDT
Bybit SKUUUSDT
Gate SKUU_USDT
Phemex SKUUUSDT
HTX SKUU-USDT
MEXC SKUU_USDT