Funding you earn now, next payment 08:00 UTC−0.0813%/8h= −89.0% APRnext payment −$8.13 per $10,000 · paid last 24h −0.033%
Price spread now: MEXC against Phemex+0.041%7-day average −0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1371.367% of the position
Funding, last 7 days+0.443%+$44 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.041%, 7d avg −0.040%
=The price spread pays, funding is against you. MEXC is 0.081% dearer against Phemex than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.040%): +$8 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.443%, 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 0.443% in total (about 23.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.13 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 | 29.140 | 0 | get 0.0000% / 8h | 3m 36s | $1.2M | $204K | 20x |
| Short | MEXC SKUU_USDT | 29.152 | −0.0813 | pay 0.0813% / 8h | 3m 36s | $8.9M | $89K | 20x |
Phemex SKUUUSDT
MEXC SKUU_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$170.73
- Price spread: +0.041% → −0.040%
- $8.09
- Slippage, 4 orders
- −$124.66
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$299.29
- Costs to cover
- 1.367%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 4 min ago; MEXC: live order book, 4 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, 4 min ago | 3.43 bp | 44.5 bp −$44 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 6.18 bp | 21.1 bp −$21 | 151.8 bp −$1,518 | 222.6 bp −$22.3K | 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 SKUUUSDT | −0.2662% | 8h | 29.157 | +0.058% | $576K | $449K | 20x | as long as short |
| MEXC SKUU_USDTshort | −0.0813% | 8h | 29.152 | +0.041% | $8.9M | $89K | 20x | |
| edgeX SKUUUSDC | −0.0681% | 4h | 29.158 | +0.060% | $180K | $290K | 10x | as long as short |
| Binance SKUUUSDT | 0.0000% | 8h | 29.152 | +0.040% | $612K | $1.8M | 20x | as long as short |
| Bybit SKUUUSDT | 0.0000% | 8h | 29.110 | −0.103% | $242K | $190K | 25x | as long as short |
| OKX SKUU-USDT-SWAP | 0.0000% | 8h | 29.160 | +0.069% | $708K | $1.3M | 20x | as long as short |
| Gate SKUU_USDT | 0.0000% | 8h | 29.115 | −0.086% | $219K | $37K | 20x | as long as short |
| Phemex SKUUUSDTlong | 0.0000% | 8h | 29.140 | long leg | $1.2M | $204K | 20x | |
| HTX SKUU-USDT | +0.0100% | 8h | 29.099 | −0.141% | $6K | $371K | 20x | as long as short |
Bitget SKUUUSDT
edgeX SKUUUSDC
Binance SKUUUSDT
Bybit SKUUUSDT
OKX SKUU-USDT-SWAP
Gate SKUU_USDT
HTX SKUU-USDT