Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.007%
Price spread now: KuCoin against Bybit−0.091%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$880.876% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 7 days+0.061%+$6 · spread now −0.091%, 7d avg −0.024%
=Funding pays, the price is against you. KuCoin is 0.067% cheaper against Bybit than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.024%). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKHYUSDT | 187.10 | 0 | get 0.0000% / 8h | 2h 24m | $15.8M | $30.0M | 100x |
| Short | KuCoin SKHYUSDTM | 186.93 | 0.0100 | get 0.0100% / 8h | 2h 24m | $1.1M | $320K | 20x |
Bybit SKHYUSDT
KuCoin SKHYUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $21
- Price spread: −0.091% → −0.024%
- −$6.69
- Slippage, 4 orders
- −$64.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$73.27
- Costs to cover
- 0.876%
- Break-even
- 31.4 days
Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago | 0.27 bp | 7.8 bp −$8 | 16.1 bp −$161 | 110.7 bp −$11.1K | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 1.61 bp | 35.2 bp −$35 | 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 | −0.1104% | 8h | 187.15 | +0.027% | $24.8M | $30.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0321% | 4h | 186.14 | −0.513% | $561K | $290K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0124% | 1h | 187.06 | −0.021% | $48K | $335K | 10x | as long as short |
| Nado SKHY-PERP | −0.0114% | 1h | 187.04 | −0.031% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0086% | 1h | 186.99 | −0.059% | $158.1M | $73.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0063% | 1h | 186.81 | −0.155% | $181K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 186.71 | −0.208% | $47K | $875K | 10x | as long as short |
| QFEX SKHY-USD | −0.0014% | 1h | 186.85 | −0.134% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | 0.0000% | 1h | 187.07 | −0.016% | $911K | $988K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.94 | −0.087% | $228K | $913K | 50x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
Lighter SKHY
Aster SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 186.89 | −0.114% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.99 | −0.057% | $199.2M | $428.3M | 50x | as long as short |
| Bybit SKHYUSDTlong | 0.0000% | 8h | 187.10 | long leg | $15.8M | $30.0M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.08 | −0.011% | $44.4M | $75.9M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.97 | −0.069% | $25.2M | $20.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.47 | −0.334% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.54 | −0.299% | $22K | $220K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.31 | +0.112% | $686 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.91 | −0.102% | $155K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.04 | −0.032% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0028% | 1h | 186.72 | −0.203% | $514K | $2.6M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.98 | −0.064% | $1.0M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.54 | −0.299% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.95 | −0.080% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 186.85 | −0.134% | $194K | $272K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.78 | −0.171% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTMshort | +0.0100% | 8h | 186.93 | −0.091% | $1.1M | $320K | 20x | |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.90 | −0.107% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.69 | −0.219% | $2.1M | $410K | 50x | as long as short |
| Phoenix SKHY | +0.0254% | 1h | 187.06 | −0.021% | $210K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0262% | 1h | 186.96 | −0.074% | $47K | $19K | 20x | as long as short |
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
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
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD