Funding you earn now, next payment 08:00 UTC−0.0772%/8h= −84.5% APRnext payment −$7.72 per $10,000 · paid last 24h +0.030%
Price spread now: Phemex against Bitget+0.070%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1491.489% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.070%, 7d avg +0.039%
=The price spread pays, funding is against you. Phemex is 0.032% dearer against Bitget than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.039%): +$3 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.269% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.269% in total (about -14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.72 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 | 31.268 | 0.0772 | pay 0.0772% / 8h | 7h 24m | $618K | $264K | 20x |
| Short | Phemex SKUUUSDT | 31.290 | 0 | get 0.0000% / 8h | 7h 24m | $1.2M | $161K | 20x |
Bitget SKUUUSDT
Phemex SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$162.12
- Price spread: +0.070% → +0.039%
- $3.17
- Slippage, 4 orders
- −$124.94
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$307.89
- Costs to cover
- 1.489%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 46 min ago; Phemex: live order book, 3 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, 46 min ago | 13.76 bp | 36.5 bp −$37 | 49.9 bp −$499 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 9.59 bp | 44.4 bp −$44 | 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 | −0.0900% | 4h | 31.327 | +0.190% | $193K | $288K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 31.280 | +0.038% | $609K | $1.3M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 31.290 | +0.070% | $287K | $129K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 31.290 | +0.070% | $762K | $1.0M | 20x | as long as short |
| Phemex SKUUUSDTshort | 0.0000% | 8h | 31.290 | +0.070% | $1.2M | $161K | 20x | |
| Gate SKUU_USDT | +0.0072% | 8h | 31.294 | +0.083% | $239K | $18K | 20x | as long as short |
| MEXC SKUU_USDT | +0.0747% | 8h | 31.264 | −0.013% | $9.5M | $82K | 20x | as long as short |
| Bitget SKUUUSDTlong | +0.0772% | 8h | 31.268 | long leg | $618K | $264K | 20x | |
| HTX SKUU-USDT | +0.2655% | 8h | 31.318 | +0.160% | $6K | $389K | 20x | as long as short |
edgeX SKUUUSDC
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
MEXC SKUU_USDT
HTX SKUU-USDT