Funding you earn now, next payment 00:00 UTC−0.0041%/8h= −4.5% APRnext payment −$0.05 per $10,000 · paid last 24h −0.015%
Price spread now: QFEX against Arcus−0.026%7-day average +0.014% · 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−$31as in the Price arb table
costs, in and out, $10k−$270.274% of the position
Funding, last 3 days (all we have)−0.075%−$7 on $10k
+Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.026%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.040% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SKHY-USD | 189.68 | 0.0040 | pay 0.0005% / 1h | 18m 05s | $56K | $156K | 10x |
| Short | QFEX SKHY-USD | 189.63 | 0.0000 | pay 0.0000% / 1h | 18m 05s | $1.2M | $5.3M | 10x |
Arcus SKHY-USD
QFEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$8.56
- Price spread: −0.026% → +0.014%
- −$4.03
- Slippage, 4 orders
- −$12.91
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$40
- Costs to cover
- 0.274%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 60 min ago; QFEX: live order book, 6 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, 60 min ago | 3.44 bp | 6.1 bp −$6 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.32 bp | 6.3 bp −$6 | 7.0 bp −$70 | 17.4 bp −$1,735 | doesn't fit |
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 | −0.0782% | 4h | 189.50 | −0.096% | $571K | $289K | 10x | as long as short |
| Nado SKHY-PERP | −0.0044% | 1h | 189.64 | −0.021% | $28K | $2K | 10x | as long as short |
| QFEX SKHY-USDshort | 0.0000% | 1h | 189.63 | −0.026% | $1.2M | $5.3M | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 189.65 | −0.018% | $252K | $903K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.61 | −0.035% | $55K | $4K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.65 | −0.016% | $212.1M | $377.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.74 | +0.032% | $15.7M | $27.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.67 | −0.005% | $47.1M | $61.3M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.64 | −0.021% | $26.1M | $17.8M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.72 | +0.021% | $25.4M | $25.7M | 20x | as long as short |
edgeX SKHYUSDC
Nado SKHY-PERP
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 189.53 | −0.079% | $1.6M | $2.6M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.54 | −0.074% | $22K | $208K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.95 | +0.142% | $695 | $7.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.63 | −0.026% | $155K | $401K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.67 | −0.005% | $1.5M | $1.1M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0011% | 8h | 189.55 | −0.069% | $1.1M | $283K | 20x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 189.58 | −0.053% | $1.0M | $689K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 189.55 | −0.069% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USDlong | +0.0040% | 1h | 189.68 | long leg | $56K | $156K | 10x | |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.60 | −0.042% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.67 | −0.005% | $202K | $241K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 189.63 | −0.026% | $164.6M | $65.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.60 | −0.042% | $170K | $952K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.64 | −0.021% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.52 | −0.084% | $557K | $1.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0066% | 1h | 189.69 | +0.005% | $46K | $255K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.64 | −0.021% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.70 | +0.011% | $2.2M | $415K | 50x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0128% | 1h | 189.72 | +0.021% | $169K | $687K | 10x | as long as short |
| Phoenix SKHY | +0.0380% | 1h | 189.74 | +0.032% | $214K | $128K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0950% | 1h | 189.78 | +0.051% | $50K | $24K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
KuCoin SKHYUSDTM
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
Deribit SKHY_USDC-PERPETUAL
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Coinbase International SKHY-PERP-INTX
Phoenix SKHY
Kraken Futures PF_SKHYUSD