Funding you earn now, next payment 08:00 UTC−0.0202%/8h= −22.1% APRnext payment −$2.02 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget+0.062%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.062%, 7d avg −0.002%
=The price spread pays, funding is against you. OKX is 0.064% dearer against Bitget than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.002%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.012% in total) that is about 38 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SKHYUSDT | 193.07 | 0.0202 | pay 0.0202% / 8h | 5h 55m | $25.6M | $26.4M | 20x |
| Short | OKX SKHY-USDT-SWAP | 193.19 | 0 | get 0.0000% / 8h | 5h 55m | $46.9M | $69.3M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- −$42.42
- Price spread: +0.062% → −0.002%
- $6.44
- Slippage, 4 orders
- −$8.2
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$66.18
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 4 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 Bitget live order book, 4 min ago | 0.78 bp | 9.1 bp −$9 | 11.9 bp −$119 | 15.9 bp −$1,594 | 34.4 bp −$17.2K |
| Sell OKX live order book, 4 min ago | 0.26 bp | 5.4 bp −$5 | 7.5 bp −$75 | 36.9 bp −$3,693 | 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 | +0.005% | $582K | $289K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0032% | 1h | 192.90 | −0.088% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.12 | +0.024% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.06 | −0.005% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.11 | +0.020% | $208.8M | $385.5M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.17 | +0.052% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAPshort | 0.0000% | 8h | 193.19 | +0.062% | $46.9M | $69.3M | 50x | |
| Gate SKHY_USDT | 0.0000% | 8h | 193.06 | −0.005% | $25.8M | $18.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.98 | −0.045% | $1.6M | $1.4M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.12 | +0.026% | $23K | $194K | 10x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.42 | +0.181% | $708 | $6.4M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 193.12 | +0.026% | $48K | $281K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.02 | −0.026% | $160K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.09 | +0.010% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 193.03 | −0.021% | $1.2M | $4.3M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.04 | −0.016% | $1.0M | $684K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 193.03 | −0.021% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.96 | −0.057% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.09 | +0.010% | — | $11K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.13 | +0.031% | $198K | $255K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 193.05 | −0.010% | $162.2M | $66.4M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.02 | −0.026% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.05 | −0.010% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.00 | −0.036% | $569K | $2.1M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.08 | +0.005% | $1.1M | $290K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.11 | +0.021% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0130% | 1h | 193.08 | +0.004% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDTlong | +0.0202% | 8h | 193.07 | long leg | $25.6M | $26.4M | 20x | |
| Phoenix SKHY | +0.0331% | 1h | 193.18 | +0.057% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0545% | 1h | 193.26 | +0.096% | $51K | $17K | 20x | as long as short |
Bitget SKHYUSDT
OKX SKHY-USDT-SWAP
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Phoenix SKHY
Kraken Futures PF_SKHYUSD