Funding you earn now, next payment 07:00 UTC+0.0178%/8h= +19.5% APRpaid last 24h +0.007%
Price spread now: Phemex against Deribit−0.021%7-day average −0.013% · 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−$129as in the Price arb table
costs, in and out, $10k−$1281.284% of the position
Funding, last 4 days (all we have)+0.013%+$1 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.021%, 7d avg −0.013%
=The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SKHY_USDC-PERPETUAL | 186.82 | −0.0178 | get 0.0022% / 1h | 23m 47s | $49K | $343K | 10x |
| Short | Phemex SKHYUSDT | 186.78 | 0 | get 0.0000% / 8h | 1h 23m | $1.5M | $1.1M | 10x |
Deribit SKHY_USDC-PERPETUAL
Phemex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $37.41
- Price spread: −0.021% → −0.013%
- −$0.82
- Slippage, 4 orders
- −$109.39
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$91.81
- Costs to cover
- 1.284%
- Break-even
- 24.2 days
Slippage from Deribit: live order book, 20 min ago; Phemex: live order book, 4 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, 20 min ago | 6.16 bp | 15.0 bp −$15 | 17.4 bp −$174 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 4 min ago | 3.75 bp | 52.6 bp −$53 | 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 | −0.1300% | 8h | 187.01 | +0.102% | $25.1M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0762% | 4h | 186.50 | −0.173% | $562K | $290K | 10x | as long as short |
| Nado SKHY-PERP | −0.0188% | 1h | 186.72 | −0.051% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0179% | 1h | 186.88 | +0.032% | $158.8M | $74.7M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALlong | −0.0178% | 1h | 186.82 | long leg | $49K | $343K | 10x | |
| Popdex SKHYUSDT | −0.0168% | 1h | 186.70 | −0.064% | $197K | $275K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0165% | 1h | 186.60 | −0.118% | $180K | $487K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 186.67 | −0.078% | $48K | $20K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.498% | $63K | $901K | 10x | as long as short |
| Lighter SKHY | −0.0080% | 1h | 186.85 | +0.016% | $956K | $1.1M | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
Kraken Futures PF_SKHYUSD
Coinbase International SKHY-PERP-INTX
Lighter SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 186.67 | −0.080% | $1.2M | $4.2M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0038% | 1h | 186.39 | −0.230% | $515K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.88 | +0.034% | $226K | $919K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.80 | −0.011% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.86 | +0.022% | $199.4M | $439.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.94 | +0.064% | $15.9M | $29.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.77 | −0.027% | $44.6M | $77.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.91 | +0.048% | $25.6M | $20.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.64 | −0.095% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.51 | −0.166% | $22K | $230K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.88 | +0.032% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.65 | −0.091% | $155K | $366K | 50x | as long as short |
| Phemex SKHYUSDTshort | 0.0000% | 8h | 186.78 | −0.021% | $1.5M | $1.1M | 10x | |
| Lighter RH SKHY | +0.0032% | 1h | 186.82 | 0.000% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.51 | −0.166% | $59K | $165K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.72 | −0.054% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.64 | −0.096% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0081% | 8h | 186.79 | −0.016% | $1.1M | $327K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.71 | −0.059% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.58 | −0.128% | $2.2M | $421K | 50x | as long as short |
| Phoenix SKHY | +0.0213% | 1h | 186.53 | −0.155% | $209K | $115K | 10x | as long as short |
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY