Funding you earn now, next payment 08:00 UTC−0.0668%/8h= −73.1% APRnext payment −$6.68 per $10,000 · paid last 24h −0.033%
Price spread now: Bitget against Phemex+0.170%46s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as 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−$1641.637% of the position
Funding, last 7 days+0.266%+$27 on $10k
+Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.170%, 7d avg −0.043%
=The price spread pays, funding is against you. Bitget is 0.213% dearer against Phemex than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of −0.043%): +$21 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 26 hours. Mind the row above: over the last 7 days funding on this pair paid +0.266%, so the current rate has only just turned against you. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.266% in total (about 13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.68 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 | Phemex SKUUUSDT | 29.960 | 0 | get 0.0000% / 8h | 3h 06m | $1.2M | $172K | 20x |
| Short | Bitget SKUUUSDT | 30.011 | −0.0668 | pay 0.0668% / 8h | 3h 06m | $566K | $366K | 20x |
Phemex SKUUUSDT
Bitget SKUUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. 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
- −$140.28
- Price spread: +0.170% → −0.043%
- $21.32
- Slippage, 4 orders
- −$139.71
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$282.67
- Costs to cover
- 1.637%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; Bitget: live order book, 43 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 Phemex live order book, 1 min ago | 10.01 bp | 50.2 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 43 min ago | 10.45 bp | 31.8 bp −$32 | 42.5 bp −$425 | 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 | −0.4223% | 8h | 29.962 | +0.007% | $9.1M | $88K | 20x | as long as short |
| Bitget SKUUUSDTshort | −0.0668% | 8h | 30.011 | +0.170% | $566K | $366K | 20x | |
| Binance SKUUUSDT | 0.0000% | 8h | 29.993 | +0.110% | $593K | $1.4M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 29.920 | −0.134% | $268K | $161K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 30.000 | +0.134% | $714K | $1.1M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 29.938 | −0.073% | $228K | $22K | 20x | as long as short |
| Phemex SKUUUSDTlong | 0.0000% | 8h | 29.960 | long leg | $1.2M | $172K | 20x | |
| edgeX SKUUUSDC | +0.0090% | 4h | 29.897 | −0.212% | $184K | $289K | 10x | as long as short |
| HTX SKUU-USDT | +0.0100% | 8h | 29.940 | −0.067% | $6K | $374K | 20x | as long as short |
MEXC SKUU_USDT
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
edgeX SKUUUSDC
HTX SKUU-USDT