Funding you earn now, next payment 06:00 UTC+0.0018%/8h= +1.9% APRpaid last 24h +0.005%
Price spread now: Binance against Deribit+0.021%7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.411% of the position
Funding, last 4 days (all we have)+0.035%+$3 on $10k
+Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.021%, 7d avg −0.031%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.052% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SKHY_USDC-PERPETUAL | 186.70 | −0.0018 | get 0.0002% / 1h | 30m 53s | $48K | $334K | 10x |
| Short | Binance SKHYUSDT | 186.74 | 0 | get 0.0000% / 8h | 2h 30m | $198.6M | $423.7M | 50x |
Deribit SKHY_USDC-PERPETUAL
Binance SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Deribit. 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
- $3.73
- Price spread: +0.021% → −0.031%
- $5.24
- Slippage, 4 orders
- −$24.14
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$32.18
- Costs to cover
- 0.411%
- Break-even
- 67.5 days
Slippage from Deribit: live order book, 18 min ago; Binance: live order book, 13 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 Deribit live order book, 18 min ago | 10.33 bp | 14.8 bp −$15 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.27 bp | 6.2 bp −$6 | 8.7 bp −$87 | 20.6 bp −$2,058 | 105.8 bp −$52.9K |
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 | −0.090% | $562K | $292K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0903% | 8h | 186.80 | +0.054% | $24.6M | $30.3M | 20x | as long as short |
| Nado SKHY-PERP | −0.0099% | 1h | 186.70 | +0.001% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0070% | 1h | 186.69 | −0.005% | $157.7M | $72.8M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0050% | 1h | 186.54 | −0.086% | $180K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 186.71 | +0.005% | $47K | $875K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALlong | −0.0018% | 1h | 186.70 | long leg | $48K | $334K | 10x | |
| QFEX SKHY-USD | −0.0014% | 1h | 186.66 | −0.021% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | 0.0000% | 1h | 186.68 | −0.011% | $932K | $950K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.83 | +0.072% | $228K | $910K | 50x | 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 SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 186.66 | −0.022% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDTshort | 0.0000% | 8h | 186.74 | +0.021% | $198.6M | $423.7M | 50x | |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.79 | +0.048% | $15.5M | $29.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.69 | −0.005% | $44.2M | $75.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.65 | −0.027% | $25.1M | $20.3M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.65 | −0.029% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.43 | −0.147% | $22K | $219K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.02 | +0.171% | $684 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.62 | −0.043% | $155K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.77 | +0.037% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0018% | 1h | 186.72 | +0.011% | $515K | $2.6M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.71 | +0.005% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.83 | +0.070% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.69 | −0.005% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 186.68 | −0.011% | $192K | $271K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.74 | +0.021% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 186.77 | +0.037% | $1.1M | $318K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.73 | +0.016% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.72 | +0.011% | $2.2M | $408K | 50x | as long as short |
| Phoenix SKHY | +0.0254% | 1h | 187.25 | +0.295% | $210K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0262% | 1h | 186.83 | +0.069% | $47K | $19K | 20x | as long as short |
Extended SKHY-USD
Bybit 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
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD