Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Gate0.000%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1141.143% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now 0.000%, 7d avg +0.022%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.022% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SKHY_USDT | 184.70 | 0 | get 0.0000% / 8h | 7h 22m | $25.6M | $21.7M | 75x |
| Short | Phemex SKHYUSDT | 184.70 | 0 | get 0.0000% / 8h | 7h 22m | $1.5M | $1.1M | 10x |
Gate SKHY_USDT
Phemex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: 0.000% → +0.022%
- −$2.21
- Slippage, 4 orders
- −$87.34
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$116.55
- Costs to cover
- 1.143%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 1 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, 2 min ago | 1.36 bp | 10.5 bp −$11 | 22.2 bp −$222 | 31.4 bp −$3,138 | 56.0 bp −$28.0K |
| Sell Phemex live order book, 1 min ago | 3.79 bp | 47.5 bp −$47 | 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 | −0.1166% | 8h | 184.77 | +0.038% | $25.4M | $35.1M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0875% | 4h | 184.07 | −0.343% | $555K | $290K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | −0.0297% | 8h | 184.17 | −0.287% | $22K | $246K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0249% | 8h | 184.52 | −0.097% | $1.1M | $374K | 20x | as long as short |
| Binance SKHYUSDT | −0.0058% | 8h | 184.66 | −0.020% | $195.9M | $465.2M | 50x | as long as short |
| Extended SKHY-USD | −0.0056% | 1h | 184.56 | −0.074% | $53K | $7K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0054% | 1h | 184.68 | −0.011% | $156.5M | $77.9M | 10x | as long as short |
| Nado SKHY-PERP | −0.0036% | 1h | 184.71 | +0.004% | $32K | $28K | 10x | as long as short |
| Variational Omni SKHY | −0.0033% | 8h | 184.02 | −0.369% | $1.6M | $1.0M | — | as long as short |
| QFEX SKHY-USD | −0.0028% | 1h | 184.65 | −0.027% | $1.2M | $4.3M | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
GRVT SKHY_USDT_Perp
KuCoin SKHYUSDTM
Binance SKHYUSDT
Extended SKHY-USD
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Variational Omni SKHY
QFEX SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKHYUSDT | −0.0024% | 8h | 184.69 | −0.005% | $16.0M | $33.3M | 100x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 184.53 | −0.091% | $265K | $951K | 50x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 184.74 | +0.022% | $43.7M | $82.1M | 50x | as long as short |
| Gate SKHY_USDTlong | 0.0000% | 8h | 184.70 | long leg | $25.6M | $21.7M | 75x | |
| SunX SKHY-USDT | 0.0000% | 8h | 184.91 | +0.114% | $677 | $5.9M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 184.68 | −0.011% | $47K | $354K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 184.67 | −0.016% | $153K | $375K | 50x | as long as short |
| Phemex SKHYUSDTshort | 0.0000% | 8h | 184.70 | 0.000% | $1.5M | $1.1M | 10x | |
| Coinbase International SKHY-PERP-INTX | +0.0024% | 1h | 183.79 | −0.493% | $66K | $756K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0025% | 1h | 184.08 | −0.336% | $511K | $2.6M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 184.66 | −0.022% | $981K | $1.3M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 184.60 | −0.054% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 184.61 | −0.049% | $59K | $173K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 184.52 | −0.097% | — | $38K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 184.65 | −0.027% | $199K | $295K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 184.65 | −0.027% | $178K | $451K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 184.50 | −0.108% | $41K | $12K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0059% | 8h | 184.45 | −0.135% | $2.1M | $444K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 184.53 | −0.092% | $2K | $4K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0171% | 1h | 184.77 | +0.039% | $47K | $20K | 20x | as long as short |
| Phoenix SKHY | +0.0215% | 1h | 184.36 | −0.184% | $207K | $123K | 10x | as long as short |
Bybit SKHYUSDT
Aster SKHYUSDT
OKX SKHY-USDT-SWAP
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Coinbase International SKHY-PERP-INTX
Ondo Perps SKHY-USD.P
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
BloFin SKHY-USDT
Orderly PERP_SKHY_USDC_mythos
Kraken Futures PF_SKHYUSD
Phoenix SKHY