Funding you earn now, next payment 08:00 UTC+0.0389%/8h= +42.6% APRnext payment +$3.89 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate−0.010%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$390.387% of the position
Funding, last 7 days+0.036%+$4 on $10k
+Price spread, last 7 days+0.071%+$7 · spread now −0.010%, 7d avg +0.029%
=Funding pays, the price is against you. Bitget is 0.039% cheaper against Gate than usual: you would sell low and buy high (spread −0.010% now, against its 7-day average of +0.029%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.036% in total) that is about 7.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.036% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SKHY_USDT | 193.22 | 0 | get 0.0000% / 8h | 7h 10m | $25.8M | $18.8M | 75x |
| Short | Bitget SKHYUSDT | 193.20 | 0.0389 | get 0.0389% / 8h | 7h 10m | $25.8M | $26.9M | 20x |
Gate SKHY_USDT
Bitget SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $81.69
- Price spread: −0.010% → +0.029%
- −$3.89
- Slippage, 4 orders
- −$11.65
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $39.15
- Costs to cover
- 0.387%
- Break-even
- 3.6 days
Slippage from Gate: live order book, 4 min ago; Bitget: 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 Gate live order book, 4 min ago | 0.26 bp | 11.7 bp −$12 | 20.2 bp −$202 | 24.4 bp −$2,444 | 51.0 bp −$25.5K |
| Sell Bitget live order book, 4 min ago | 1.03 bp | 8.0 bp −$8 | 18.0 bp −$180 | 24.1 bp −$2,412 | 45.3 bp −$22.6K |
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 | −0.0366% | 4h | 193.59 | +0.193% | $584K | $291K | 10x | as long as short |
| Nado SKHY-PERP | −0.0026% | 1h | 193.25 | +0.016% | $44K | $20K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.04 | −0.095% | $248K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.19 | −0.018% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.20 | −0.010% | $211.5M | $385.5M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.25 | +0.016% | $15.7M | $27.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.25 | +0.016% | $46.8M | $68.4M | 50x | as long as short |
| Gate SKHY_USDTlong | 0.0000% | 8h | 193.22 | long leg | $25.8M | $18.8M | 75x | |
| Variational Omni SKHY | 0.0000% | 8h | 193.14 | −0.040% | $1.6M | $2.3M | — | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 193.52 | +0.155% | $708 | $6.8M | 10x | as long as short |
edgeX SKHYUSDC
Nado SKHY-PERP
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Variational Omni SKHY
SunX SKHY-USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 193.20 | −0.010% | $48K | $269K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.18 | −0.021% | $160K | $385K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.19 | −0.016% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0005% | 1h | 193.28 | +0.031% | $1.2M | $5.0M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.13 | −0.047% | $1.0M | $695K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 193.15 | −0.036% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.33 | +0.057% | $57K | $153K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.29 | +0.036% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.26 | +0.021% | $196K | $257K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 193.25 | +0.016% | $163.6M | $66.6M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.18 | −0.021% | $190K | $454K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.19 | −0.016% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.20 | −0.010% | $541K | $1.7M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0088% | 1h | 193.26 | +0.021% | $104K | $810K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.18 | −0.021% | $1.1M | $278K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.19 | −0.016% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.29 | +0.036% | $2.2M | $446K | 50x | as long as short |
| Phoenix SKHY | +0.0335% | 1h | 193.62 | +0.207% | $218K | $120K | 10x | as long as short |
| Bitget SKHYUSDTshort | +0.0389% | 8h | 193.20 | −0.010% | $25.8M | $26.9M | 20x | |
| GRVT SKHY_USDT_Perp | +0.0453% | 8h | 193.38 | +0.083% | $23K | $193K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0708% | 1h | 193.28 | +0.033% | $51K | $17K | 20x | as long as short |
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
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
Coinbase International SKHY-PERP-INTX
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
GRVT SKHY_USDT_Perp
Kraken Futures PF_SKHYUSD