Funding you earn now, next payment 00:00 UTC+0.0069%/8h= +7.5% APRnext payment +$0.69 per $10,000 · paid last 24h +0.016%
Price spread now: Bybit against GRVT+0.897%110s7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days+0.005%+$1 on $10k
+Price spread, last 3 days (all we have)−1.056%−$106 · spread now +0.897%, 7d avg −0.018%
=Together, before fees−1.051%+ Points / potential airdropGRVT: Active · farm board−$105 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.914% dearer against GRVT than usual: you sell high and buy low: +$91 more if the spread goes back to its 7-day average of −0.018%. The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT SKHY_USDT_Perp | 190.68 | 0 | get 0.0000% / 8h | 7h 55m | $23K | $207K | 10x |
| Short | Bybit SKHYUSDT | 192.39 | 0.0069 | get 0.0069% / 8h | 7h 55m | $15.8M | $27.3M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against GRVT. 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
- $14.48
- Price spread: +0.897% → −0.018%
- $91.43
- Slippage, 4 orders
- −$10.71
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $75.2
- Costs to cover
- 0.307%
- Break-even
- from the start
Slippage from GRVT: live order book, 17 min ago; Bybit: live order book, 3 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 GRVT live order book, 17 min ago | 1.05 bp | 6.8 bp −$7 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 0.52 bp | 8.4 bp −$8 | 18.4 bp −$184 | 100.5 bp −$10.1K | 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 | −0.0395% | 4h | 190.67 | −0.008% | $575K | $288K | 10x | as long as short |
| Nado SKHY-PERP | −0.0030% | 1h | 192.04 | +0.711% | $28K | $2K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.31 | +0.856% | $254K | $905K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.17 | +0.783% | $56K | $6K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.43 | +0.918% | $213.4M | $382.3M | 50x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.43 | +0.918% | $47.8M | $63.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.34 | +0.871% | $26.4M | $17.1M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 192.00 | +0.692% | $25.4M | $26.2M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 191.76 | +0.566% | $1.6M | $2.4M | — | as long as short |
| GRVT SKHY_USDT_Perplong | 0.0000% | 8h | 190.68 | long leg | $23K | $207K | 10x |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 192.37 | +0.886% | $704 | $7.1M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 192.24 | +0.818% | $46K | $259K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 191.97 | +0.677% | $158K | $396K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.02 | +0.703% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0005% | 1h | 191.94 | +0.661% | $1.2M | $5.4M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0027% | 8h | 192.14 | +0.766% | $1.1M | $271K | 20x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.42 | +0.913% | $1.0M | $613K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.43 | +0.918% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 191.43 | +0.393% | $56K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 191.88 | +0.629% | — | $13K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 191.92 | +0.650% | $206K | $241K | 20x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.24 | +0.818% | $577K | $1.3M | 10x | as long as short |
| Bybit SKHYUSDTshort | +0.0069% | 8h | 192.39 | +0.897% | $15.8M | $27.3M | 100x | |
| Coinbase International SKHY-PERP-INTX | +0.0088% | 1h | 190.51 | −0.089% | $171K | $682K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.04 | +0.713% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 191.50 | +0.430% | $2.3M | $426K | 50x | as long as short |
| Phoenix SKHY | +0.0380% | 1h | 191.61 | +0.488% | $216K | $120K | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0568% | 1h | 191.19 | +0.267% | $191K | $403K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0712% | 1h | 192.14 | +0.768% | $51K | $24K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0935% | 1h | 191.63 | +0.498% | $42K | $13K | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.1222% | 1h | 191.47 | +0.414% | $165.4M | $66.7M | 10x | as long as short |
GRVT SKHY_USDT_Perp
Bybit SKHYUSDT
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDT
Variational Omni SKHY
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
KuCoin SKHYUSDTM
Lighter SKHY
Lighter RH SKHY
Popdex SKHYUSDT
Coinbase International SKHY-PERP-INTX
BloFin SKHY-USDT
Phoenix SKHY
Polymarket Perps SKHY-USD
Kraken Futures PF_SKHYUSD
SoDEX SKHY-USD
tradeXYZ xyz:SKHY