Funding you earn now, next payment 08:00 UTC+0.1198%/8h= +131.2% APRnext payment +$11.98 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against Phemex+0.006%7-day average −0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1671.670% of the position
Funding, last 7 days+0.269%+$27 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.006%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Bitget is 0.046% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.039%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.269% in total (about 14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.98 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 | Phemex SKUUUSDT | 31.230 | 0 | get 0.0000% / 8h | 6h 46m | $1.2M | $163K | 20x |
| Short | Bitget SKUUUSDT | 31.232 | 0.1198 | get 0.1198% / 8h | 6h 46m | $597K | $283K | 20x |
Phemex SKUUUSDT
Bitget SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $251.58
- Price spread: +0.006% → −0.039%
- $4.56
- Slippage, 4 orders
- −$143.01
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $89.13
- Costs to cover
- 1.670%
- Break-even
- 4.5 days
Slippage from Phemex: live order book, 1 min ago; Bitget: live order book, 18 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, 1 min ago | 4.80 bp | 50.1 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 18 min ago | 13.24 bp | 33.2 bp −$33 | 64.3 bp −$643 | 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 | −0.0629% | 4h | 31.305 | +0.239% | $193K | $288K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 31.259 | +0.093% | $602K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 31.200 | −0.096% | $286K | $142K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 31.270 | +0.128% | $761K | $1.0M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 31.247 | +0.054% | $238K | $19K | 20x | as long as short |
| Phemex SKUUUSDTlong | 0.0000% | 8h | 31.230 | long leg | $1.2M | $163K | 20x | |
| HTX SKUU-USDT | +0.0514% | 8h | 31.184 | −0.147% | $6K | $386K | 20x | as long as short |
| Bitget SKUUUSDTshort | +0.1198% | 8h | 31.232 | +0.006% | $597K | $283K | 20x | |
| MEXC SKUU_USDT | +0.1202% | 8h | 31.246 | +0.051% | $9.5M | $83K | 20x | as long as short |
edgeX SKUUUSDC
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
HTX SKUU-USDT
MEXC SKUU_USDT