Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.007%
Price spread now: QFEX against Deribit−0.053%7-day average −0.023% · 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−$41as in the Price arb table
costs, in and out, $10k−$380.377% of the position
Funding, last 3 days (all we have)−0.001%$0 on $10k
+Price spread, last 3 days (all we have)+0.075%+$8 · spread now −0.053%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.029% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit SKHY_USDC-PERPETUAL | 189.69 | 0.0066 | pay 0.0008% / 1h | 17m 31s | $46K | $255K | 10x |
| Short | QFEX SKHY-USD | 189.59 | 0.0000 | pay 0.0000% / 1h | 17m 31s | $1.2M | $5.3M | 10x |
Deribit SKHY_USDC-PERPETUAL
QFEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$14.05
- Price spread: −0.053% → −0.023%
- −$2.95
- Slippage, 4 orders
- −$20.72
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$54.71
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 61 min ago; QFEX: live order book, 6 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, 61 min ago | 0.26 bp | 14.2 bp −$14 | 18.3 bp −$183 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 6 min ago | 1.32 bp | 6.3 bp −$6 | 7.0 bp −$70 | 17.4 bp −$1,735 | 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 | −0.0826% | 4h | 189.63 | −0.032% | $572K | $290K | 10x | as long as short |
| Nado SKHY-PERP | −0.0042% | 1h | 189.65 | −0.021% | $28K | $2K | 10x | as long as short |
| QFEX SKHY-USDshort | 0.0000% | 1h | 189.59 | −0.053% | $1.2M | $5.3M | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 189.65 | −0.019% | $252K | $903K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.60 | −0.045% | $55K | $4K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.64 | −0.026% | $212.1M | $377.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.70 | +0.005% | $15.7M | $27.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.66 | −0.016% | $47.1M | $61.3M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.62 | −0.037% | $26.1M | $17.8M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.67 | −0.011% | $25.4M | $25.7M | 20x | as long as short |
edgeX SKHYUSDC
Nado SKHY-PERP
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 | 189.53 | −0.085% | $1.6M | $2.6M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.67 | −0.011% | $22K | $208K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.95 | +0.137% | $695 | $7.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.63 | −0.032% | $155K | $401K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.67 | −0.011% | $1.5M | $1.1M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0011% | 8h | 189.55 | −0.074% | $1.1M | $283K | 20x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 189.58 | −0.058% | $1.0M | $689K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 189.56 | −0.069% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 189.67 | −0.011% | $56K | $155K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.60 | −0.047% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.65 | −0.021% | $202K | $241K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 189.61 | −0.042% | $164.5M | $65.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.58 | −0.058% | $170K | $952K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.64 | −0.026% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.52 | −0.090% | $557K | $1.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALlong | +0.0066% | 1h | 189.69 | long leg | $46K | $255K | 10x | |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.64 | −0.026% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.70 | +0.005% | $2.2M | $415K | 50x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0128% | 1h | 189.72 | +0.016% | $169K | $687K | 10x | as long as short |
| Phoenix SKHY | +0.0380% | 1h | 189.74 | +0.026% | $214K | $128K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0950% | 1h | 189.78 | +0.046% | $50K | $24K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
KuCoin SKHYUSDTM
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Coinbase International SKHY-PERP-INTX
Phoenix SKHY
Kraken Futures PF_SKHYUSD