Funding you earn now, next payment 08:00 UTC−0.0792%/8h= −86.7% APRnext payment −$7.92 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget+0.048%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1471.469% of the position
Funding, last 7 days−0.232%−$23 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.048%, 7d avg +0.018%
=The price spread pays, funding is against you. OKX is 0.030% dearer against Bitget than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.018%): +$3 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.232% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.232% in total (about -12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.92 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 | 31.285 | 0.0792 | pay 0.0792% / 8h | 4h 36m | $587K | $295K | 20x |
| Short | OKX SKUU-USDT-SWAP | 31.300 | 0 | get 0.0000% / 8h | 4h 36m | $744K | $1.1M | 20x |
Bitget SKUUUSDT
OKX SKUU-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$166.32
- Price spread: +0.048% → +0.018%
- $3.02
- Slippage, 4 orders
- −$124.87
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$310.17
- Costs to cover
- 1.469%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 19 min ago; OKX: live order book, just now.
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, 19 min ago | 8.14 bp | 36.0 bp −$36 | 41.2 bp −$412 | doesn't fit | doesn't fit |
| Sell OKX live order book, just now | 3.20 bp | 42.1 bp −$42 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SKUUUSDT | 0.0000% | 8h | 31.307 | +0.071% | $602K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 31.250 | −0.112% | $278K | $153K | 25x | as long as short |
| OKX SKUU-USDT-SWAPshort | 0.0000% | 8h | 31.300 | +0.048% | $744K | $1.1M | 20x | |
| Gate SKUU_USDT | 0.0000% | 8h | 31.258 | −0.086% | $238K | $21K | 20x | as long as short |
| Phemex SKUUUSDT | 0.0000% | 8h | 31.290 | +0.016% | $1.2M | $164K | 20x | as long as short |
| HTX SKUU-USDT | +0.0100% | 8h | 31.223 | −0.198% | $6K | $380K | 20x | as long as short |
| edgeX SKUUUSDC | +0.0440% | 4h | 31.255 | −0.096% | $193K | $289K | 10x | as long as short |
| Bitget SKUUUSDTlong | +0.0792% | 8h | 31.285 | long leg | $587K | $295K | 20x | |
| MEXC SKUU_USDT | +0.0793% | 8h | 31.269 | −0.051% | $9.5M | $86K | 20x | as long as short |
Binance SKUUUSDT
Bybit SKUUUSDT
Gate SKUU_USDT
Phemex SKUUUSDT
HTX SKUU-USDT
edgeX SKUUUSDC
MEXC SKUU_USDT