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: Bybit against Phemex−0.032%7-day average −0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1941.940% of the position
Funding, last 7 days−0.030%−$3 on $10k
+Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.032%, 7d avg −0.135%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.103% dearer against Phemex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.135%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKUUUSDT | 31.070 | 0 | get 0.0000% / 8h | 7h 52m | $1.2M | $161K | 20x |
| Short | Bybit SKUUUSDT | 31.060 | 0 | get 0.0000% / 8h | 7h 52m | $283K | $126K | 25x |
Phemex SKUUUSDT
Bybit SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0
- Price spread: −0.032% → −0.135%
- $10.27
- Slippage, 4 orders
- −$171.01
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$183.74
- Costs to cover
- 1.940%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Bybit: live order book, 2 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, 5 min ago | 4.88 bp | 46.8 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 11.26 bp | 28.7 bp −$29 | 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 | −0.0162% | 4h | 30.758 | −1.005% | $190K | $288K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 31.070 | 0.000% | $642K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDTshort | 0.0000% | 8h | 31.060 | −0.032% | $283K | $126K | 25x | |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 31.100 | +0.097% | $760K | $932K | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 31.090 | +0.064% | $237K | $17K | 20x | as long as short |
| Bitget SKUUUSDT | 0.0000% | 8h | 30.970 | −0.322% | $634K | $255K | 20x | as long as short |
| Phemex SKUUUSDTlong | 0.0000% | 8h | 31.070 | long leg | $1.2M | $161K | 20x | |
| MEXC SKUU_USDT | +0.1794% | 8h | 31.020 | −0.161% | $9.5M | $80K | 20x | as long as short |
| HTX SKUU-USDT | +0.5558% | 8h | 31.019 | −0.164% | $6K | $389K | 20x | as long as short |
edgeX SKUUUSDC
Binance SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
Bitget SKUUUSDT
MEXC SKUU_USDT
HTX SKUU-USDT