Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h +0.015%
Price spread now: Coinbase International against Binance+0.054%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$360.365% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 2 days (all we have)+0.296%+$30 · spread now +0.054%, 7d avg +0.092%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.039% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.092%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKHYUSDT | 192.80 | 0 | get 0.0000% / 8h | 6h 41m | $210.4M | $385.1M | 50x |
| Short | Coinbase International SKHY-PERP-INTX | 192.90 | −0.0072 | pay 0.0009% / 1h | 41m 00s | $45K | $874K | 10x |
Binance SKHYUSDT
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Binance. 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
- −$15.12
- Price spread: +0.054% → +0.092%
- −$3.88
- Slippage, 4 orders
- −$16.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$55.5
- Costs to cover
- 0.365%
- Break-even
- never at this rate
Slippage from Binance: live order book, 3 min ago; Coinbase International: live order book, 27 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 Binance live order book, 3 min ago | 0.26 bp | 5.3 bp −$5 | 6.9 bp −$69 | 21.9 bp −$2,193 | 96.4 bp −$48.2K |
| Sell Coinbase International live order book, 27 min ago | 7.24 bp | 12.3 bp −$12 | 18.2 bp −$182 | doesn't fit | 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 | −0.0332% | 4h | 192.69 | −0.056% | $581K | $289K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0072% | 1h | 192.90 | +0.054% | $45K | $874K | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 192.92 | +0.065% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.87 | +0.039% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDTlong | 0.0000% | 8h | 192.80 | long leg | $210.4M | $385.1M | 50x | |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.82 | +0.012% | $15.6M | $27.2M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.94 | +0.074% | $46.8M | $69.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.80 | +0.002% | $25.8M | $18.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.94 | +0.072% | $1.6M | $2.2M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.90 | +0.055% | $22K | $191K | 10x | as long as short |
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.24 | +0.230% | $707 | $6.6M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 192.93 | +0.069% | $48K | $270K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.90 | +0.054% | $160K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.96 | +0.085% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0002% | 1h | 192.94 | +0.074% | $1.2M | $4.7M | 10x | as long as short |
| Nado SKHY-PERP | +0.0015% | 1h | 192.98 | +0.093% | $42K | $21K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.79 | −0.004% | $1.0M | $680K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.81 | +0.007% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.86 | +0.033% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.90 | +0.054% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.01 | +0.111% | $197K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.86 | +0.033% | $163.0M | $66.7M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.89 | +0.048% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.86 | +0.033% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.91 | +0.059% | $533K | $1.8M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.91 | +0.059% | $1.1M | $279K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.94 | +0.074% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.08 | +0.147% | $2.3M | $445K | 50x | as long as short |
| Phoenix SKHY | +0.0331% | 1h | 193.14 | +0.178% | $216K | $123K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0381% | 8h | 192.90 | +0.054% | $25.5M | $26.4M | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0706% | 1h | 193.02 | +0.117% | $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
Arcus SKHY-USD
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
BloFin SKHY-USDT
Phoenix SKHY
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD