SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0655%/8h= −71.7% APRnext payment −$0.82 per $10,000 · paid last 24h −0.192%

Price spread now: Hyperliquid against Phoenix+0.076%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Hyperliquid

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 pays, funding is against you. Hyperliquid is 0.076% dearer against Phoenix than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SKR	0.02094	0.0755	pay 0.0094% / 1h	32m 48s	$4K	$10K	3x
Short	Hyperliquid SKR	0.02096	0.0100	get 0.0013% / 1h	32m 48s	$1.3M	$741K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Phoenix. 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 PhoenixbpFee HyperliquidbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$137.5
Price spread: +0.076% → 0.000%: $7.64
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$145.86
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Hyperliquid: live order book, 8 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 8 min ago	1.19 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit

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	0.02095	+0.062%	$232K	$153K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02091	−0.153%	$14K	$16K	3x	as long as short
Hyperliquid SKRshort	+0.0100%	1h	0.02096	+0.076%	$1.3M	$741K	3x
Aster SKRUSDT	+0.0100%	4h	0.02095	+0.056%	$26K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02095	+0.056%	$3.5M	$12.2M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02094	+0.005%	$4.5M	$4.9M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02094	+0.010%	$1.0M	$529K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02095	+0.038%	$4.3M	$463K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02094	+0.010%	$674K	$685K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02094	+0.014%	$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	0.02096	+0.067%	—	$2.4M	—	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02090	−0.215%	$1K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02102	+0.368%	$14K	$36K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0252%	1h	0.02095	+0.053%	$50K	$213K	5x	as long as short
Phoenix SKRlong	+0.0755%	1h	0.02094	long leg	$4K	$10K	3x