Funding you earn now, next payment 10:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.001%
Price spread now: Coinbase International against GRVT−0.123%76s7-day average +0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as 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−$450.448% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.123%, 7d avg +0.128%
=Together, before fees+0.047%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.251% cheaper against GRVT than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.128%). Swap the legs. The two prices were read 76 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 | 187.88 | 0 | get 0.0000% / 8h | 5h 07m | $22K | $254K | 10x |
| Short | Coinbase International SKHY-PERP-INTX | 187.65 | −0.0040 | pay 0.0005% / 1h | 7m 52s | $110K | $744K | 10x |
GRVT SKHY_USDT_Perp
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$8.4
- Price spread: −0.123% → +0.128%
- −$25.08
- Slippage, 4 orders
- −$25.75
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$78.24
- Costs to cover
- 0.448%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 37 min ago; Coinbase International: live order book, 38 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, 37 min ago | 1.33 bp | 7.2 bp −$7 | 11.7 bp −$117 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 38 min ago | 10.65 bp | 15.7 bp −$16 | 24.9 bp −$249 | doesn't fit | doesn't fit |
SKHY on 31 exchanges
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 | −0.0820% | 4h | 187.84 | −0.019% | $566K | $285K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0441% | 1h | 187.96 | +0.042% | $49K | $493K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0343% | 8h | 188.12 | +0.127% | $26.2M | $36.6M | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0267% | 1h | 187.69 | −0.101% | $51K | $36K | 20x | as long as short |
| KuCoin SKHYUSDTM | −0.0179% | 8h | 187.93 | +0.026% | $1.1M | $503K | 20x | as long as short |
| Nado SKHY-PERP | −0.0090% | 1h | 188.16 | +0.146% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0040% | 1h | 187.65 | −0.123% | $110K | $744K | 10x | |
| tradeXYZ xyz:SKHY | −0.0039% | 1h | 187.97 | +0.047% | $158.7M | $77.4M | 10x | as long as short |
| QFEX SKHY-USD | −0.0013% | 1h | 188.00 | +0.063% | $1.2M | $4.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.01 | +0.070% | $261K | $916K | 50x | as long as short |
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD
KuCoin SKHYUSDTM
Nado SKHY-PERP
tradeXYZ xyz:SKHY
QFEX SKHY-USD
Aster SKHYUSDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 187.94 | +0.033% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.01 | +0.069% | $197.9M | $472.7M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.01 | +0.069% | $16.4M | $34.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.96 | +0.042% | $44.6M | $85.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.94 | +0.031% | $25.4M | $22.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.83 | −0.029% | $1.5M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perplong | 0.0000% | 8h | 187.88 | long leg | $22K | $254K | 10x | |
| SunX SKHY-USDT | 0.0000% | 8h | 188.32 | +0.234% | $689 | $5.4M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.94 | +0.031% | $154K | $380K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.98 | +0.053% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHY | +0.0016% | 1h | 187.95 | +0.037% | $985K | $1.4M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 187.94 | +0.031% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.98 | +0.053% | $60K | $131K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.07 | +0.100% | — | $39K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.02 | +0.074% | $201K | $310K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 187.97 | +0.047% | $182K | $352K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.97 | +0.047% | $42K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 187.95 | +0.037% | $523K | $2.5M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.02 | +0.074% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.00 | +0.063% | $2.2M | $487K | 50x | as long as short |
| Phoenix SKHY | +0.0255% | 1h | 188.11 | +0.122% | $211K | $123K | 10x | as long as short |
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY