Funding you earn now, next payment 16:00 UTC+0.2630%/8h= +288.0% APRnext payment +$26.30 per $10,000 · paid last 24h +0.267%
Price spread now: Bybit against Bitget−0.198%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2082.075% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 4 days (all we have)−0.142%−$14 · spread now −0.198%, 7d avg −0.085%
=Funding pays, the price is against you. Bybit is 0.112% cheaper against Bitget than usual: you would sell low and buy high (spread −0.198% now, against its 7-day average of −0.085%). If the spread goes back, that is −$11 on $10k: about 3 hours of funding at the current rate (+$79 a day). Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$26.30 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 | Bitget SKUUUSDT | 28.837 | −0.2630 | get 0.2630% / 8h | 7h 41m | $572K | $450K | 20x |
| Short | Bybit SKUUUSDT | 28.780 | 0 | get 0.0000% / 8h | 7h 41m | $249K | $201K | 25x |
Bitget SKUUUSDT
Bybit SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Bitget. 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
- $552.3
- Price spread: −0.198% → −0.085%
- −$11.24
- Slippage, 4 orders
- −$184.51
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $333.55
- Costs to cover
- 2.075%
- Break-even
- 2.8 days
Slippage from Bitget: live order book, 54 min ago; Bybit: live order book, 39 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 Bitget live order book, 54 min ago | 17.26 bp | 43.6 bp −$44 | 50.9 bp −$509 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 39 min ago | 11.98 bp | 91.3 bp −$91 | 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 | −0.2635% | 8h | 28.835 | −0.007% | $8.8M | $87K | 20x | as long as short |
| Bitget SKUUUSDTlong | −0.2630% | 8h | 28.837 | long leg | $572K | $450K | 20x | |
| Binance SKUUUSDT | 0.0000% | 8h | 28.833 | −0.015% | $639K | $1.9M | 20x | as long as short |
| Bybit SKUUUSDTshort | 0.0000% | 8h | 28.780 | −0.198% | $249K | $201K | 25x | |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 28.820 | −0.059% | $688K | $1.3M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 28.842 | +0.017% | $213K | $36K | 20x | as long as short |
| Phemex SKUUUSDT | 0.0000% | 8h | 28.830 | −0.024% | $1.2M | $209K | 20x | as long as short |
| edgeX SKUUUSDC | +0.0057% | 4h | 28.913 | +0.263% | $178K | $291K | 10x | as long as short |
| HTX SKUU-USDT | +0.0100% | 8h | 28.808 | −0.101% | $6K | $370K | 20x | as long as short |
MEXC SKUU_USDT
Binance SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
Phemex SKUUUSDT
edgeX SKUUUSDC
HTX SKUU-USDT