Funding you earn now, next payment 22:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.005%
Price spread now: Bitget against Arcus−0.016%7-day average +0.028% · 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−$41as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 3 days (all we have)−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.016%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.044% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SKHY-USD | 188.41 | 0.0040 | pay 0.0005% / 1h | 9m 08s | $55K | $157K | 10x |
| Short | Bitget SKHYUSDT | 188.38 | 0 | get 0.0000% / 8h | 2h 09m | $25.3M | $25.0M | 20x |
Arcus SKHY-USD
Bitget SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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: −0.016% → +0.028%
- −$4.42
- Slippage, 4 orders
- −$20.11
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$49.48
- Costs to cover
- 0.366%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 14 min ago; Bitget: live order book, 10 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, 14 min ago | 2.92 bp | 7.7 bp −$8 | 11.8 bp −$118 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 10 min ago | 0.80 bp | 10.5 bp −$11 | 20.8 bp −$208 | 25.7 bp −$2,570 | 44.0 bp −$22.0K |
SKHY on 31 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 | −0.0991% | 4h | 188.39 | −0.008% | $568K | $289K | 10x | as long as short |
| Nado SKHY-PERP | −0.0074% | 1h | 188.42 | +0.008% | $28K | $2K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0068% | 1h | 188.35 | −0.032% | $45K | $225K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0061% | 8h | 188.37 | −0.021% | $1.1M | $316K | 20x | as long as short |
| tradeXYZ xyz:SKHY | −0.0017% | 1h | 188.34 | −0.037% | $164.2M | $64.8M | 10x | as long as short |
| QFEX SKHY-USD | −0.0003% | 1h | 188.41 | 0.000% | $1.2M | $5.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.40 | −0.006% | $250K | $901K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.37 | −0.023% | $55K | $4K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.36 | −0.026% | $210.9M | $378.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.37 | −0.021% | $15.7M | $26.4M | 100x | as long as short |
edgeX SKHYUSDC
Nado SKHY-PERP
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
tradeXYZ xyz:SKHY
QFEX SKHY-USD
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.35 | −0.032% | $46.8M | $60.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.37 | −0.021% | $26.0M | $17.9M | 75x | as long as short |
| Bitget SKHYUSDTshort | 0.0000% | 8h | 188.38 | −0.016% | $25.3M | $25.0M | 20x | |
| Variational Omni SKHY | 0.0000% | 8h | 188.39 | −0.009% | $1.5M | $2.5M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.36 | −0.026% | $22K | $221K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.66 | +0.133% | $690 | $7.4M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.33 | −0.042% | $154K | $400K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.38 | −0.016% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 188.33 | −0.042% | $1.0M | $714K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.29 | −0.064% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USDlong | +0.0040% | 1h | 188.41 | long leg | $55K | $157K | 10x | |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.39 | −0.011% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.40 | −0.005% | $202K | $241K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.28 | −0.069% | $186K | $923K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.37 | −0.021% | $42K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.43 | +0.011% | $523K | $909K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.40 | −0.005% | $2K | $5K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.35 | −0.032% | $2.2M | $432K | 50x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0184% | 1h | 188.65 | +0.127% | $168K | $677K | 10x | as long as short |
| Phoenix SKHY | +0.0297% | 1h | 188.52 | +0.058% | $213K | $128K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0615% | 1h | 188.54 | +0.071% | $50K | $24K | 20x | as long as short |
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Coinbase International SKHY-PERP-INTX
Phoenix SKHY
Kraken Futures PF_SKHYUSD