Funding you earn now, next payment 08:00 UTC−0.0403%/8h= −44.1% APRpaid last 24h +0.006%
Price spread now: Phemex against edgeX−0.531%78s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as 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−$1501.502% of the position
Funding, last 7 days−0.428%−$43 on $10k
+Price spread, last 4 days (all we have)+0.445%+$45 · spread now −0.531%, 7d avg +0.011%
=Together, before fees+0.017%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.542% cheaper against edgeX than usual: you would sell low and buy high (−$54 if the spread goes back to its 7-day average of +0.011%). Swap the legs. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX SKUUUSDC | 30.542 | 0.0403 | pay 0.0201% / 4h | 3h 39m | $188K | $288K | 10x |
| Short | Phemex SKUUUSDT | 30.380 | 0 | get 0.0000% / 8h | 3h 39m | $1.2M | $168K | 20x |
edgeX SKUUUSDC
Phemex SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against edgeX. 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
- −$84.53
- Price spread: −0.531% → +0.011%
- −$54.22
- Slippage, 4 orders
- −$129.16
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$288.9
- Costs to cover
- 1.502%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 13 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 edgeX live order book, 13 min ago | 11.35 bp | 36.1 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 6.53 bp | 50.2 bp −$50 | 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 | −0.3306% | 8h | 30.369 | −0.567% | $9.2M | $86K | 20x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 30.365 | −0.581% | $596K | $1.4M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 30.340 | −0.662% | $270K | $155K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 30.380 | −0.531% | $722K | $1.1M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 30.355 | −0.613% | $231K | $21K | 20x | as long as short |
| Bitget SKUUUSDT | 0.0000% | 8h | 30.341 | −0.658% | $584K | $322K | 20x | as long as short |
| Phemex SKUUUSDTshort | 0.0000% | 8h | 30.380 | −0.531% | $1.2M | $168K | 20x | |
| HTX SKUU-USDT | +0.0100% | 8h | 30.344 | −0.649% | $6K | $376K | 20x | as long as short |
| edgeX SKUUUSDClong | +0.0403% | 4h | 30.542 | long leg | $188K | $288K | 10x |
MEXC SKUU_USDT
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
Bitget SKUUUSDT
HTX SKUU-USDT