Funding you earn now, next payment 16:00 UTC−0.0300%/8h= −32.9% APRnext payment −$3.00 per $10,000 · paid last 24h −0.035%
Price spread now: KuCoin against BloFin−0.086%65s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days−0.272%−$27 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.086%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.068% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.018%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKHY-USDT | 186.30 | 0.0120 | pay 0.0120% / 8h | 6h 53m | $2.1M | $462K | 50x |
| Short | KuCoin SKHYUSDTM | 186.14 | −0.0180 | pay 0.0180% / 8h | 6h 53m | $1.1M | $403K | 20x |
BloFin SKHY-USDT
KuCoin SKHYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against BloFin. 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
- −$63
- Price spread: −0.086% → −0.018%
- −$6.76
- Slippage, 4 orders
- −$39.67
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$133.42
- Costs to cover
- 0.637%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 9 min ago; KuCoin: live order book, 1 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 BloFin live order book, 9 min ago | 0.54 bp | 7.0 bp −$7 | 8.6 bp −$86 | 21.8 bp −$2,183 | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 2.69 bp | 28.1 bp −$28 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.0971% | 8h | 186.19 | −0.059% | $25.6M | $35.5M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0196% | 4h | 186.52 | +0.118% | $562K | $289K | 10x | as long as short |
| KuCoin SKHYUSDTMshort | −0.0180% | 8h | 186.14 | −0.086% | $1.1M | $403K | 20x | |
| QFEX SKHY-USD | −0.0005% | 1h | 186.14 | −0.086% | $1.2M | $4.3M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.31 | +0.003% | $266K | $909K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.11 | −0.100% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.27 | −0.016% | $197.2M | $468.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.25 | −0.027% | $15.8M | $33.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.29 | −0.005% | $44.2M | $83.2M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.19 | −0.059% | $25.5M | $21.3M | 75x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
QFEX SKHY-USD
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 186.51 | +0.112% | $1.5M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.66 | +0.193% | $22K | $249K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.45 | +0.081% | $682 | $5.7M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 186.14 | −0.086% | $47K | $355K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.09 | −0.113% | $154K | $377K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.19 | −0.059% | $1.5M | $1.1M | 10x | as long as short |
| Nado SKHY-PERP | +0.0009% | 1h | 186.33 | +0.014% | $32K | $28K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 186.21 | −0.048% | $991K | $1.3M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.15 | −0.081% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.15 | −0.081% | $59K | $173K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.18 | −0.064% | — | $39K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 186.18 | −0.064% | $201K | $298K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 186.15 | −0.081% | $157.6M | $77.7M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 186.11 | −0.102% | $180K | $424K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.17 | −0.070% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 185.99 | −0.166% | $516K | $2.6M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0056% | 1h | 186.08 | −0.118% | $110K | $884K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.28 | −0.011% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDTlong | +0.0120% | 8h | 186.30 | long leg | $2.1M | $462K | 50x | |
| Phoenix SKHY | +0.0215% | 1h | 186.73 | +0.231% | $209K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0756% | 1h | 186.26 | −0.023% | $48K | $20K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
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
Coinbase International SKHY-PERP-INTX
Orderly PERP_SKHY_USDC_mythos
Phoenix SKHY
Kraken Futures PF_SKHYUSD