Funding you earn now, next payment 08:00 UTC−0.2292%/8h= −251.0% APRnext payment −$22.92 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.197%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$556as in the Funding arb table
Net, price: spread back to 7d avg − costs−$568as in the Price arb table
costs, in and out, $10k−$5865.856% of the position
Funding, last 7 days+0.299%+$30 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.197%, 7d avg +0.026%
=The price spread pays, funding is against you. Bitget is 0.171% dearer against Gate than usual: you sell high and buy low (spread +0.197% now, against its 7-day average of +0.026%): +$17 on $10k if it goes back. Holding the pair costs −$69 a day in funding at the current rate, which eats that in about 6 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 −$22.92 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 | Gate SKUU_USDT | 29.410 | 0 | get 0.0000% / 8h | 1h 45m | $223K | $23K | 20x |
| Short | Bitget SKUUUSDT | 29.468 | −0.2292 | pay 0.2292% / 8h | 1h 45m | $556K | $372K | 20x |
Gate SKUU_USDT
Bitget SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$481.32
- Price spread: +0.197% → +0.026%
- $17.11
- Slippage, 4 orders
- −$558.57
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,049.78
- Costs to cover
- 5.856%
- Break-even
- never at this rate
Slippage from Gate: live order book, 56 min ago; Bitget: live order book, 60 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 Gate live order book, 56 min ago | 6.26 bp | 334.0 bp −$334 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 60 min ago | 13.70 bp | 51.1 bp −$51 | 55.7 bp −$557 | 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 | −0.2292% | 8h | 29.468 | +0.197% | $556K | $372K | 20x | |
| MEXC SKUU_USDT | −0.1164% | 8h | 29.455 | +0.153% | $9.0M | $86K | 20x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 29.412 | +0.007% | $591K | $1.5M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 29.390 | −0.068% | $234K | $169K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 29.410 | 0.000% | $710K | $1.2M | 20x | as long as short |
| Gate SKUU_USDTlong | 0.0000% | 8h | 29.410 | long leg | $223K | $23K | 20x | |
| Phemex SKUUUSDT | 0.0000% | 8h | 29.420 | +0.034% | $1.2M | $181K | 20x | as long as short |
| HTX SKUU-USDT | +0.0100% | 8h | 29.421 | +0.037% | $6K | $371K | 20x | as long as short |
| edgeX SKUUUSDC | +0.0171% | 4h | 29.468 | +0.196% | $181K | $291K | 10x | as long as short |
MEXC SKUU_USDT
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Phemex SKUUUSDT
HTX SKUU-USDT
edgeX SKUUUSDC