Funding you earn now, next payment 08:00 UTC−0.0768%/8h= −84.1% APRnext payment −$7.68 per $10,000 · paid last 24h −0.033%
Price spread now: MEXC against Phemex−0.062%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as 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)+0.044%+$4 · spread now −0.062%, 7d avg −0.040%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and MEXC is 0.022% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.443%, so the current rate has only just turned against you.
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 −$7.68 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 | 29.170 | 0 | get 0.0000% / 8h | 5m 01s | $1.2M | $204K | 20x |
| Short | MEXC SKUU_USDT | 29.152 | −0.0768 | pay 0.0768% / 8h | 5m 01s | $8.9M | $89K | 20x |
Phemex SKUUUSDT
MEXC SKUU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$161.28
- Price spread: −0.062% → −0.040%
- −$2.19
- Slippage, 4 orders
- −$124.66
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$300.13
- Costs to cover
- 1.367%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; MEXC: 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 Phemex live order book, 3 min ago | 3.43 bp | 44.5 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 6.18 bp | 21.1 bp −$21 | 151.8 bp −$1,518 | 222.6 bp −$22.3K | 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 | 29.178 | +0.027% | $576K | $449K | 20x | as long as short |
| MEXC SKUU_USDTshort | −0.0768% | 8h | 29.152 | −0.062% | $8.9M | $89K | 20x | |
| edgeX SKUUUSDC | −0.0681% | 4h | 29.158 | −0.042% | $180K | $290K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 29.168 | −0.005% | $612K | $1.8M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 29.130 | −0.137% | $243K | $190K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 29.130 | −0.137% | $708K | $1.3M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 29.132 | −0.130% | $220K | $37K | 20x | as long as short |
| Phemex SKUUUSDTlong | 0.0000% | 8h | 29.170 | long leg | $1.2M | $204K | 20x | |
| HTX SKUU-USDT | +0.0100% | 8h | 29.083 | −0.298% | $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