SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0019%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.011%

Price spread now: Coinbase International against Deribit−0.048%7-day average +0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.048%, 7d avg +0.100%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.147% cheaper against Deribit than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.100%). If the spread goes back, that is −$15 on $10k: about 27 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.007% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SKHY_USDC-PERPETUAL	187.84	−0.0123	get 0.0015% / 1h	50m 01s	$48K	$337K	10x
Short	Coinbase International SKHY-PERP-INTX	187.75	−0.0104	pay 0.0013% / 1h	50m 01s	$63K	$902K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.048%Rate

Funding earned: $3.89
Price spread: −0.048% → +0.100%: −$14.74
Slippage, 4 orders: −$42.67
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$70.53
Costs to cover: 0.597%
Break-even: 133.9 days

Slippage from Deribit: live order book, 59 min ago; Coinbase International: live order book, 58 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, 59 min ago	10.33 bp	14.8 bp −$15	18.5 bp −$185	doesn't fit	doesn't fit
Sell Coinbase International live order book, 58 min ago	9.81 bp	14.8 bp −$15	17.7 bp −$177	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	−0.1070%	8h	187.75	−0.048%	$25.1M	$31.6M	20x	as long as short
edgeX SKHYUSDC	−0.0625%	4h	187.40	−0.235%	$565K	$291K	10x	as long as short
Nado SKHY-PERP	−0.0176%	1h	187.54	−0.158%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0166%	1h	187.81	−0.016%	$159.4M	$74.1M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0143%	1h	187.71	−0.069%	$181K	$487K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0138%	1h	187.83	−0.008%	$47K	$19K	20x	as long as short
Deribit SKHY_USDC-PERPETUALlong	−0.0123%	1h	187.84	long leg	$48K	$337K	10x
Coinbase International SKHY-PERP-INTXshort	−0.0104%	1h	187.75	−0.048%	$63K	$902K	10x
Popdex SKHYUSDT	−0.0080%	1h	187.77	−0.037%	$197K	$274K	20x	as long as short
Lighter SKHY	−0.0072%	1h	187.78	−0.032%	$948K	$1.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	187.78	−0.032%	$1.2M	$4.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0005%	1h	187.30	−0.287%	$516K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.75	−0.047%	$228K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	187.78	−0.030%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	187.78	−0.030%	$201.2M	$435.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.83	−0.005%	$15.9M	$30.1M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.70	−0.075%	$44.8M	$77.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.82	−0.011%	$25.4M	$20.1M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.49	−0.184%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.50	−0.181%	$22K	$226K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	188.11	+0.144%	$688	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.69	−0.080%	$156K	$369K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.82	−0.011%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.75	−0.048%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	187.49	−0.186%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.77	−0.037%	—	$23K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.66	−0.096%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	187.72	−0.064%	$1.1M	$326K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.77	−0.037%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	187.51	−0.176%	$2.2M	$420K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	187.59	−0.133%	$210K	$115K	10x	as long as short