Funding you earn now, next payment 05:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.096%
Price spread now: Phoenix against Binance+0.086%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$370.366% of the position
Funding, last 7 days+0.338%+$34 on $10k
+Price spread, last 4 days (all we have)+0.340%+$34 · spread now +0.086%, 7d avg +0.153%
=Funding pays, the price is against you. Phoenix is 0.067% cheaper against Binance than usual: you would sell low and buy high (spread +0.086% now, against its 7-day average of +0.153%). If the spread goes back, that is −$7 on $10k: about 21 hours of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKHYUSDT | 186.90 | 0 | get 0.0000% / 8h | 2h 29m | $199.1M | $424.3M | 50x |
| Short | Phoenix SKHY | 187.06 | 0.0254 | get 0.0032% / 1h | 29m 27s | $210K | $124K | 10x |
Binance SKHYUSDT
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $53.38
- Price spread: +0.086% → +0.153%
- −$6.73
- Slippage, 4 orders
- −$19.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $10.03
- Costs to cover
- 0.366%
- Break-even
- 5.7 days
Slippage from Binance: live order book, 14 min ago; Phoenix: live order book, 12 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, 14 min ago | 0.27 bp | 5.3 bp −$5 | 5.9 bp −$59 | 16.3 bp −$1,628 | 65.9 bp −$33.0K |
| Sell Phoenix live order book, 12 min ago | 3.72 bp | 12.6 bp −$13 | 27.4 bp −$274 | 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 | −0.0986% | 4h | 186.53 | −0.197% | $562K | $292K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0958% | 8h | 187.09 | +0.102% | $24.6M | $30.3M | 20x | as long as short |
| Nado SKHY-PERP | −0.0100% | 1h | 186.95 | +0.024% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0071% | 1h | 186.90 | 0.000% | $157.9M | $72.8M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0052% | 1h | 186.75 | −0.080% | $180K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 186.71 | −0.102% | $47K | $875K | 10x | as long as short |
| QFEX SKHY-USD | −0.0014% | 1h | 186.77 | −0.070% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | 0.0000% | 1h | 186.72 | −0.096% | $932K | $950K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.99 | +0.049% | $228K | $910K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.63 | −0.145% | $54K | $7K | 10x | as long as short |
edgeX SKHYUSDC
Bitget SKHYUSDT
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
Lighter SKHY
Aster SKHYUSDT
Extended SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SKHYUSDTlong | 0.0000% | 8h | 186.90 | long leg | $199.1M | $424.3M | 50x | |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.94 | +0.021% | $15.5M | $29.8M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.92 | +0.011% | $44.2M | $75.2M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.88 | −0.011% | $25.1M | $20.4M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.65 | −0.136% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.71 | −0.102% | $22K | $219K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.18 | +0.150% | $685 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 186.88 | −0.011% | $48K | $335K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.86 | −0.021% | $155K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.96 | +0.032% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0026% | 1h | 186.79 | −0.059% | $515K | $2.6M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.60 | −0.161% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.79 | −0.059% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.85 | −0.027% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 186.79 | −0.059% | $193K | $271K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.81 | −0.048% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 186.91 | +0.005% | $1.1M | $318K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.94 | +0.021% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.72 | −0.096% | $2.2M | $408K | 50x | as long as short |
| Phoenix SKHYshort | +0.0254% | 1h | 187.06 | +0.086% | $210K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0262% | 1h | 186.95 | +0.025% | $47K | $19K | 20x | as long as short |
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Ondo Perps SKHY-USD.P
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD