Funding you earn now, next payment 02:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.012%
Price spread now: Aster against Arcus−0.126%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$340.341% of the position
Funding, last 3 days (all we have)−0.059%−$6 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.126%, 7d avg +0.029%
=Together, before fees+0.011%+ Points / potential airdropAster: Stage 5 · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.155% cheaper against Arcus than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SKHY-USD | 192.85 | 0.0040 | pay 0.0005% / 1h | 21m 32s | $57K | $155K | 10x |
| Short | Aster SKHYUSDT | 192.61 | 0 | get 0.0000% / 8h | 6h 21m | $248K | $890K | 50x |
Arcus SKHY-USD
Aster SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Arcus. 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
- −$8.46
- Price spread: −0.126% → +0.029%
- −$15.46
- Slippage, 4 orders
- −$21.56
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$57.97
- Costs to cover
- 0.341%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 47 min ago; Aster: live order book, 46 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 Arcus live order book, 47 min ago | 3.36 bp | 8.1 bp −$8 | 16.6 bp −$166 | doesn't fit | doesn't fit |
| Sell Aster live order book, 46 min ago | 1.03 bp | 7.1 bp −$7 | 37.7 bp −$377 | doesn't fit | doesn't fit |
SKHY on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0714% | 4h | 192.89 | +0.019% | $581K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 192.90 | +0.026% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDTshort | 0.0000% | 8h | 192.61 | −0.126% | $248K | $890K | 50x | |
| Extended SKHY-USD | 0.0000% | 1h | 192.53 | −0.168% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.54 | −0.161% | $209.1M | $385.4M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.56 | −0.150% | $15.6M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.56 | −0.150% | $46.7M | $69.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.52 | −0.171% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.10 | +0.131% | $1.6M | $2.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.90 | +0.028% | $22K | $193K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.17 | +0.166% | $707 | $6.5M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 192.84 | −0.005% | $48K | $271K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.70 | −0.078% | $160K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.77 | −0.041% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0002% | 1h | 192.50 | −0.181% | $1.2M | $4.5M | 10x | as long as short |
| Nado SKHY-PERP | +0.0022% | 1h | 192.55 | −0.154% | $42K | $21K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.41 | −0.228% | $1.0M | $687K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.43 | −0.218% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USDlong | +0.0040% | 1h | 192.85 | long leg | $57K | $155K | 10x | |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.60 | −0.130% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.54 | −0.161% | $198K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.52 | −0.171% | $162.1M | $66.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.80 | −0.026% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.80 | −0.026% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.85 | 0.000% | $532K | $1.9M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.66 | −0.099% | $1.1M | $283K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.87 | +0.010% | $2K | $4K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0304% | 8h | 192.81 | −0.021% | $25.6M | $26.3M | 20x | as long as short |
| Phoenix SKHY | +0.0331% | 1h | 193.12 | +0.140% | $216K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0706% | 1h | 192.91 | +0.032% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Nado SKHY-PERP
Lighter SKHY
Lighter RH SKHY
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD