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: Phemex against Binance−0.015%7-day average +0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$127as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1211.214% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 2 days (all we have)+0.070%+$7 · spread now −0.015%, 7d avg +0.061%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.076% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.061%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKUUUSDT | 31.285 | 0 | get 0.0000% / 8h | 7h 45m | $614K | $1.3M | 20x |
| Short | Phemex SKUUUSDT | 31.280 | 0 | get 0.0000% / 8h | 7h 45m | $1.2M | $161K | 20x |
Binance SKUUUSDT
Phemex SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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: −0.015% → +0.061%
- −$7.56
- Slippage, 4 orders
- −$99.37
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$128.93
- Costs to cover
- 1.214%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Phemex: 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 Binance live order book, 2 min ago | 3.19 bp | 24.8 bp −$25 | 83.8 bp −$838 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.78 bp | 46.3 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKUUUSDC | −0.0909% | 4h | 31.157 | −0.409% | $192K | $289K | 10x | as long as short |
| Binance SKUUUSDTlong | 0.0000% | 8h | 31.285 | long leg | $614K | $1.3M | 20x | |
| Bybit SKUUUSDT | 0.0000% | 8h | 31.310 | +0.081% | $287K | $127K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 31.250 | −0.110% | $766K | $974K | 20x | as long as short |
| Phemex SKUUUSDTshort | 0.0000% | 8h | 31.280 | −0.015% | $1.2M | $161K | 20x | |
| Bitget SKUUUSDT | +0.0123% | 8h | 31.234 | −0.162% | $629K | $264K | 20x | as long as short |
| Gate SKUU_USDT | +0.0420% | 8h | 31.314 | +0.094% | $239K | $17K | 20x | as long as short |
| MEXC SKUU_USDT | +0.3984% | 8h | 31.267 | −0.056% | $9.5M | $81K | 20x | as long as short |
| HTX SKUU-USDT | +0.8041% | 8h | 30.771 | −1.642% | $6K | $390K | 20x | as long as short |
edgeX SKUUUSDC
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Bitget SKUUUSDT
Gate SKUU_USDT
MEXC SKUU_USDT
HTX SKUU-USDT