Funding you earn now, next payment 08:00 UTC−0.0681%/8h= −74.6% APRpaid last 24h −0.006%
Price spread now: edgeX against Phemex+0.060%78s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$99as 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−$1411.414% of the position
Funding, last 7 days+0.428%+$43 on $10k
+Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.060%, 7d avg −0.006%
=Together, before fees+0.403%+ Points / potential airdropedgeX: Active · farm board+$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.067% dearer against Phemex than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of −0.006%): +$7 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.428%, so the current rate has only just turned against you. The two prices were read 78 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 0.428% in total (about 22.3% a year). A funding rate is set anew for every payment. 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 | 29.140 | 0 | get 0.0000% / 8h | 4m 01s | $1.2M | $204K | 20x |
| Short | edgeX SKUUUSDC | 29.158 | −0.0681 | pay 0.0340% / 4h | 4m 01s | $180K | $290K | 10x |
Phemex SKUUUSDT
edgeX SKUUUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$143.01
- Price spread: +0.060% → −0.006%
- $6.68
- Slippage, 4 orders
- −$120.35
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$277.68
- Costs to cover
- 1.414%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 34 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, 4 min ago | 3.43 bp | 44.5 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 34 min ago | 10.26 bp | 22.9 bp −$23 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKUUUSDT | −0.2663% | 8h | 29.145 | +0.017% | $576K | $449K | 20x | as long as short |
| MEXC SKUU_USDT | −0.0780% | 8h | 29.160 | +0.069% | $8.9M | $89K | 20x | as long as short |
| edgeX SKUUUSDCshort | −0.0681% | 4h | 29.158 | +0.060% | $180K | $290K | 10x | |
| Binance SKUUUSDT | 0.0000% | 8h | 29.150 | +0.034% | $612K | $1.8M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 29.110 | −0.103% | $242K | $190K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 29.130 | −0.034% | $708K | $1.3M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 29.117 | −0.079% | $219K | $37K | 20x | as long as short |
| Phemex SKUUUSDTlong | 0.0000% | 8h | 29.140 | long leg | $1.2M | $204K | 20x | |
| HTX SKUU-USDT | +0.0100% | 8h | 29.099 | −0.141% | $6K | $371K | 20x | as long as short |
Bitget SKUUUSDT
MEXC SKUU_USDT
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
HTX SKUU-USDT