Funding arb · Price arb /

SKUU

RWAall SKUU markets

Swap Backtest

Alert: funding

Alert: spread

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 Phemex0.000%7-day average −0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$263as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2602.604% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.133%

Together, before fees−0.030%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.133% dearer against Phemex than usual: you sell high and buy low, +$13 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	Phemex SKUUUSDT	31.200	0	get 0.0000% / 8h	6h 35m	$1.2M	$165K	20x
Short	Bybit SKUUUSDT	31.200	0	get 0.0000% / 8h	6h 35m	$286K	$142K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.133%: $13.31
Slippage, 4 orders: −$237.42
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$247.11
Costs to cover: 2.604%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 15 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	6.43 bp	47.6 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 15 min ago	11.17 bp	85.0 bp −$85	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	−0.0856%	4h	31.136	−0.206%	$192K	$287K	10x	as long as short
Binance SKUUUSDT	0.0000%	8h	31.210	+0.032%	$595K	$1.3M	20x	as long as short
Bybit SKUUUSDTshort	0.0000%	8h	31.200	0.000%	$286K	$142K	25x
OKX SKUU-USDT-SWAP	0.0000%	8h	31.210	+0.032%	$743K	$1.1M	20x	as long as short
Gate SKUU_USDT	0.0000%	8h	31.194	−0.019%	$238K	$19K	20x	as long as short
Phemex SKUUUSDTlong	0.0000%	8h	31.200	long leg	$1.2M	$165K	20x
HTX SKUU-USDT	+0.0117%	8h	31.163	−0.119%	$6K	$386K	20x	as long as short
Bitget SKUUUSDT	+0.1110%	8h	31.197	−0.010%	$593K	$287K	20x	as long as short
MEXC SKUU_USDT	+0.1120%	8h	31.176	−0.077%	$9.5M	$83K	20x	as long as short