Funding you earn now, next payment 02:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.003%
Price spread now: Coinbase International against Arcus−0.052%7-day average +0.138% · 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−$59as in the Price arb table
costs, in and out, $10k−$400.396% of the position
Funding, last 4 days (all we have)−0.061%−$6 on $10k
+Price spread, last 3 days (all we have)−0.009%−$1 · spread now −0.052%, 7d avg +0.138%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.189% cheaper against Arcus than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.138%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SKHY-USD | 193.00 | 0.0040 | pay 0.0005% / 1h | 54m 04s | $57K | $154K | 10x |
| Short | Coinbase International SKHY-PERP-INTX | 192.90 | −0.0032 | pay 0.0004% / 1h | 54m 04s | $45K | $874K | 10x |
Arcus SKHY-USD
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$15.18
- Price spread: −0.052% → +0.138%
- −$18.94
- Slippage, 4 orders
- −$25.09
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$73.71
- Costs to cover
- 0.396%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 9 min ago; Coinbase International: live order book, 9 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, 9 min ago | 4.41 bp | 9.6 bp −$10 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 9 min ago | 4.41 bp | 10.6 bp −$11 | 17.9 bp −$179 | 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 | −0.0410% | 4h | 193.08 | +0.041% | $582K | $289K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0032% | 1h | 192.90 | −0.052% | $45K | $874K | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 193.17 | +0.089% | $249K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.06 | +0.033% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.14 | +0.075% | $208.8M | $385.3M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.12 | +0.062% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.08 | +0.041% | $46.9M | $69.3M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.11 | +0.057% | $25.8M | $18.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.98 | −0.009% | $1.6M | $1.4M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.12 | +0.062% | $23K | $194K | 10x | as long as short |
edgeX SKHYUSDC
Aster SKHYUSDT
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 | 193.46 | +0.238% | $708 | $6.4M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 193.20 | +0.104% | $48K | $282K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.05 | +0.026% | $160K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.15 | +0.078% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 193.15 | +0.078% | $1.2M | $4.3M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.10 | +0.052% | $1.0M | $684K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 193.10 | +0.052% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USDlong | +0.0040% | 1h | 193.00 | long leg | $57K | $154K | 10x | |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.17 | +0.088% | — | $11K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.17 | +0.088% | $198K | $255K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 193.06 | +0.031% | $162.2M | $66.3M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.10 | +0.052% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.13 | +0.067% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.00 | 0.000% | $569K | $2.1M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.14 | +0.073% | $1.1M | $290K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.18 | +0.093% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0125% | 1h | 193.20 | +0.102% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0206% | 8h | 193.06 | +0.031% | $25.6M | $26.4M | 20x | as long as short |
| Phoenix SKHY | +0.0331% | 1h | 193.18 | +0.093% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0545% | 1h | 193.33 | +0.173% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
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
Nado SKHY-PERP
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD