Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bybit+0.042%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.042%, 7d avg +0.004%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.038% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKHYUSDT | 192.25 | 0 | get 0.0000% / 8h | 7h 51m | $15.8M | $27.4M | 100x |
| Short | BloFin SKHY-USDT | 192.33 | 0.0120 | get 0.0120% / 8h | 7h 51m | $2.2M | $427K | 50x |
Bybit SKHYUSDT
BloFin SKHY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $25.2
- Price spread: +0.042% → +0.004%
- $3.78
- Slippage, 4 orders
- −$6.63
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$0.65
- Costs to cover
- 0.296%
- Break-even
- 7.2 days
Slippage from Bybit: live order book, 3 min ago; BloFin: live order book, 2 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 Bybit live order book, 3 min ago | 0.26 bp | 8.5 bp −$9 | 14.6 bp −$146 | 88.0 bp −$8,797 | doesn't fit |
| Sell BloFin live order book, 2 min ago | 0.78 bp | 6.8 bp −$7 | 8.6 bp −$86 | 19.1 bp −$1,910 | 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 | −0.0915% | 4h | 192.39 | +0.075% | $580K | $289K | 10x | as long as short |
| Nado SKHY-PERP | −0.0118% | 1h | 192.44 | +0.099% | $29K | $2K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.16 | −0.048% | $255K | $905K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.30 | +0.025% | $56K | $6K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.21 | −0.021% | $213.0M | $383.5M | 50x | as long as short |
| Bybit SKHYUSDTlong | 0.0000% | 8h | 192.25 | long leg | $15.8M | $27.4M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.26 | +0.005% | $47.7M | $63.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.25 | 0.000% | $26.4M | $17.3M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 192.23 | −0.010% | $25.4M | $26.3M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.48 | +0.117% | $1.6M | $2.4M | — | as long as short |
edgeX SKHYUSDC
Nado SKHY-PERP
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDT
Variational Omni SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 192.72 | +0.244% | $705 | $7.1M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 192.33 | +0.042% | $46K | $259K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.46 | +0.109% | $159K | $393K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.32 | +0.036% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0005% | 1h | 192.24 | −0.005% | $1.2M | $5.3M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0031% | 8h | 192.18 | −0.036% | $1.1M | $272K | 20x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.27 | +0.010% | $1.0M | $618K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.19 | −0.031% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.19 | −0.031% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.40 | +0.078% | — | $13K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.41 | +0.083% | $196K | $257K | 20x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.44 | +0.099% | $536K | $1.4M | 10x | as long as short |
| GRVT SKHY_USDT_Perp | +0.0053% | 8h | 192.35 | +0.052% | $22K | $202K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0088% | 1h | 190.51 | −0.905% | $171K | $682K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.32 | +0.036% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDTshort | +0.0120% | 8h | 192.33 | +0.042% | $2.2M | $427K | 50x | |
| Phoenix SKHY | +0.0335% | 1h | 192.45 | +0.104% | $217K | $120K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0711% | 1h | 192.45 | +0.103% | $51K | $25K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0788% | 1h | 192.34 | +0.047% | $192K | $389K | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.0874% | 1h | 192.23 | −0.010% | $166.3M | $64.3M | 10x | as long as short |
| SoDEX SKHY-USD | +0.1183% | 1h | 192.34 | +0.047% | $43K | $13K | 10x | as long as short |
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
KuCoin SKHYUSDTM
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Ondo Perps SKHY-USD.P
GRVT SKHY_USDT_Perp
Coinbase International SKHY-PERP-INTX
Orderly PERP_SKHY_USDC_mythos
Phoenix SKHY
Kraken Futures PF_SKHYUSD
Polymarket Perps SKHY-USD
tradeXYZ xyz:SKHY
SoDEX SKHY-USD