Funding you earn now, next payment 05:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h +0.019%
Price spread now: Popdex against Deribit+0.021%7-day average −0.012% · 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−$34as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 4 days (all we have)+0.052%+$5 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.021%, 7d avg −0.012%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.033% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SKHY_USDC-PERPETUAL | 189.47 | 0 | get 0.0000% / 1h | 19m 09s | $48K | $328K | 10x |
| Short | Popdex SKHYUSDT | 189.51 | 0.0048 | get 0.0006% / 1h | 19m 09s | $200K | $257K | 20x |
Deribit SKHY_USDC-PERPETUAL
Popdex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $10.08
- Price spread: +0.021% → −0.012%
- $3.31
- Slippage, 4 orders
- −$23.85
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$23.86
- Costs to cover
- 0.373%
- Break-even
- 23.6 days
Slippage from Deribit: live order book, 34 min ago; Popdex: live order book, 35 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, 34 min ago | 4.17 bp | 9.6 bp −$10 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 35 min ago | 0.78 bp | 4.0 bp −$4 | 6.1 bp −$61 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0627% | 4h | 189.69 | +0.117% | $572K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.206% | $36K | $876K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0018% | 1h | 189.41 | −0.032% | $158.7M | $69.7M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.52 | +0.026% | $245K | $894K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.41 | −0.032% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.46 | −0.005% | $199.8M | $408.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.48 | +0.005% | $15.4M | $28.8M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.45 | −0.011% | $44.9M | $73.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.42 | −0.026% | $25.3M | $19.8M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.51 | +0.021% | $24.2M | $29.1M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 189.71 | +0.128% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.69 | +0.114% | $22K | $216K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.76 | +0.153% | $695 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALlong | 0.0000% | 1h | 189.47 | long leg | $48K | $328K | 10x | |
| HTX SKHY-USDT | 0.0000% | 8h | 189.40 | −0.037% | $158K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.45 | −0.011% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 189.47 | 0.000% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0024% | 1h | 189.27 | −0.106% | $998K | $717K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 189.36 | −0.058% | $1.0M | $1.5M | 10x | as long as short |
| Nado SKHY-PERP | +0.0033% | 1h | 189.53 | +0.033% | $33K | $28K | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 189.56 | +0.048% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.53 | +0.032% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDTshort | +0.0048% | 1h | 189.51 | +0.021% | $200K | $257K | 20x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.38 | −0.048% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.43 | −0.021% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.62 | +0.079% | $528K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 189.52 | +0.026% | $1.1M | $315K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.46 | −0.005% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.45 | −0.011% | $2.2M | $436K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 189.58 | +0.058% | $212K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0691% | 1h | 189.53 | +0.032% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Nado SKHY-PERP
Arcus SKHY-USD
Vest SKHY-USD-PERP
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD