Funding you earn now, next payment 08:00 UTC−0.2774%/8h= −303.8% APRnext payment −$27.74 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.780%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$1901.896% of the position
Funding, last 7 days+0.299%+$30 on $10k
+Price spread, last 4 days (all we have)−0.700%−$70 · spread now +0.780%, 7d avg +0.088%
=The price spread pays, funding is against you. Bitget is 0.692% dearer against Bybit than usual: you sell high and buy low (spread +0.780% now, against its 7-day average of +0.088%): +$69 on $10k if it goes back. Holding the pair costs −$83 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.299%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.299% in total (about 15.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$27.74 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 | Bybit SKUUUSDT | 29.100 | 0 | get 0.0000% / 8h | 1h 14m | $232K | $170K | 25x |
| Short | Bitget SKUUUSDT | 29.327 | −0.2774 | pay 0.2774% / 8h | 1h 14m | $576K | $404K | 20x |
Bybit SKUUUSDT
Bitget SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$582.54
- Price spread: +0.780% → +0.088%
- $69.24
- Slippage, 4 orders
- −$166.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$702.93
- Costs to cover
- 1.896%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 10 min ago; Bitget: live order book, 25 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 Bybit live order book, 10 min ago | 10.27 bp | 86.6 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 25 min ago | 13.13 bp | 37.3 bp −$37 | 49.5 bp −$495 | 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 SKUUUSDTshort | −0.2774% | 8h | 29.327 | +0.780% | $576K | $404K | 20x | |
| MEXC SKUU_USDT | −0.2759% | 8h | 29.179 | +0.271% | $8.9M | $87K | 20x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 29.150 | +0.172% | $588K | $1.5M | 20x | as long as short |
| Bybit SKUUUSDTlong | 0.0000% | 8h | 29.100 | long leg | $232K | $170K | 25x | |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 29.130 | +0.103% | $706K | $1.2M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 29.166 | +0.227% | $221K | $23K | 20x | as long as short |
| Phemex SKUUUSDT | 0.0000% | 8h | 29.170 | +0.241% | $1.2M | $182K | 20x | as long as short |
| HTX SKUU-USDT | +0.0100% | 8h | 29.073 | −0.093% | $6K | $371K | 20x | as long as short |
| edgeX SKUUUSDC | +0.0610% | 4h | 29.211 | +0.380% | $180K | $290K | 10x | as long as short |
MEXC SKUU_USDT
Binance SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
Phemex SKUUUSDT
HTX SKUU-USDT
edgeX SKUUUSDC