SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0278%/8h= +30.5% APRnext payment +$0.35 per $10,000 · paid last 24h +0.226%

Price spread now: Phoenix against Hyperliquid−0.019%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SKR	0.02120	0.0100	pay 0.0013% / 1h	57m 17s	$1.3M	$729K	3x
Short	Phoenix SKR	0.02119	0.0378	get 0.0047% / 1h	57m 17s	$4K	$10K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee PhoenixbpOrdersPrice spread, now −0.019%Rate

Funding earned: $58.42
Price spread: −0.019% → 0.000%: −$1.89
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $40.53
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: Hyperliquid: live order book, 3 min ago; Phoenix: no order-book sample. Net counts fees only.

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 Hyperliquid live order book, 3 min ago	0.47 bp	24.3 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKR on 15 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
BloFin SKR-USDT	−0.0140%	4h	0.02121	+0.047%	$238K	$148K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02116	−0.179%	$14K	$17K	3x	as long as short
Hyperliquid SKRlong	+0.0100%	1h	0.02120	long leg	$1.3M	$729K	3x
Aster SKRUSDT	+0.0100%	4h	0.02120	+0.026%	$26K	$33K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02120	+0.008%	$3.6M	$11.6M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02120	+0.005%	$4.6M	$4.8M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02118	−0.057%	$1.0M	$529K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02119	−0.052%	$4.4M	$484K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02120	−0.005%	$686K	$688K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02122	+0.090%	$1.5M	$1.1M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02120	+0.009%	—	$2.3M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02124	+0.193%	$51K	$240K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02114	−0.250%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02121	+0.038%	$14K	$37K	20x	as long as short
Phoenix SKRshort	+0.0378%	1h	0.02119	−0.019%	$4K	$10K	3x