Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.033%
Price spread now: Phemex against Bybit+0.096%7-day average +0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2462.464% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.096%, 7d avg +0.133%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.037% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.133%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKUUUSDT | 31.240 | 0 | get 0.0000% / 8h | 4h 11m | $278K | $154K | 25x |
| Short | Phemex SKUUUSDT | 31.270 | 0 | get 0.0000% / 8h | 4h 11m | $1.2M | $164K | 20x |
Bybit SKUUUSDT
Phemex SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bybit. 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: +0.096% → +0.133%
- −$3.69
- Slippage, 4 orders
- −$223.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$250.09
- Costs to cover
- 2.464%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 29 min ago; Phemex: live order book, 1 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 Bybit live order book, 29 min ago | 6.41 bp | 84.5 bp −$84 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 4.80 bp | 45.2 bp −$45 | 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC SKUU_USDT | −0.0307% | 8h | 31.235 | −0.016% | $9.5M | $88K | 20x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 31.270 | +0.098% | $602K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDTlong | 0.0000% | 8h | 31.240 | long leg | $278K | $154K | 25x | |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 31.280 | +0.128% | $743K | $1.1M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 31.259 | +0.061% | $238K | $21K | 20x | as long as short |
| Phemex SKUUUSDTshort | 0.0000% | 8h | 31.270 | +0.096% | $1.2M | $164K | 20x | |
| HTX SKUU-USDT | +0.0100% | 8h | 31.244 | +0.013% | $6K | $379K | 20x | as long as short |
| edgeX SKUUUSDC | +0.0682% | 4h | 31.250 | +0.032% | $193K | $290K | 10x | as long as short |
| Bitget SKUUUSDT | +0.0751% | 8h | 31.252 | +0.038% | $582K | $300K | 20x | as long as short |
MEXC SKUU_USDT
Binance SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
HTX SKUU-USDT
edgeX SKUUUSDC
Bitget SKUUUSDT