Funding you earn now, next payment 08:00 UTC−0.1360%/8h= −148.9% APRnext payment −$13.60 per $10,000 · paid last 24h −0.115%
Price spread now: Phemex against MEXC+0.054%50s7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$223as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1451.451% of the position
Funding, last 7 days−0.779%−$78 on $10k
+Price spread, last 3 days (all we have)−0.021%−$2 · spread now +0.054%, 7d avg +0.038%
=The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: −$41 a day on $10k at the current rate. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.779% in total (about -40.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.60 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 | MEXC SKUU_USDT | 31.283 | 0.1360 | pay 0.1360% / 8h | 7h 00m | $9.5M | $84K | 20x |
| Short | Phemex SKUUUSDT | 31.300 | 0 | get 0.0000% / 8h | 7h 00m | $1.2M | $163K | 20x |
MEXC SKUU_USDT
Phemex SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against MEXC. 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
- −$285.6
- Price spread: +0.054% → +0.038%
- $1.66
- Slippage, 4 orders
- −$133.11
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$429.05
- Costs to cover
- 1.451%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 11.18 bp | 33.8 bp −$34 | 185.7 bp −$1,857 | 237.5 bp −$23.8K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.79 bp | 40.2 bp −$40 | 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 | −0.0603% | 4h | 31.322 | +0.123% | $193K | $288K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 31.330 | +0.150% | $603K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 31.280 | −0.010% | $288K | $144K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 31.340 | +0.182% | $766K | $1.0M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 31.302 | +0.061% | $238K | $19K | 20x | as long as short |
| Phemex SKUUUSDTshort | 0.0000% | 8h | 31.300 | +0.054% | $1.2M | $163K | 20x | |
| Bitget SKUUUSDT | +0.1194% | 8h | 31.285 | +0.006% | $600K | $282K | 20x | as long as short |
| HTX SKUU-USDT | +0.1316% | 8h | 31.200 | −0.265% | $6K | $387K | 20x | as long as short |
| MEXC SKUU_USDTlong | +0.1360% | 8h | 31.283 | long leg | $9.5M | $84K | 20x |
edgeX SKUUUSDC
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
Bitget SKUUUSDT
HTX SKUU-USDT