Funding you earn now, next payment 04:00 UTC+0.0375%/8h= +41.1% APRpaid last 24h +0.095%
Price spread now: Phoenix against HTX+0.321%72s7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as 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−$480.475% of the position
Funding, last 7 days+0.314%+$31 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.321%, 7d avg +0.145%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Phoenix is 0.176% dearer against HTX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.145%. The two prices were read 72 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 | HTX SKHY-USDT | 189.79 | 0 | get 0.0000% / 8h | 3h 26m | $158K | $369K | 50x |
| Short | Phoenix SKHY | 190.40 | 0.0375 | get 0.0047% / 1h | 26m 08s | $213K | $124K | 10x |
HTX SKHY-USDT
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $78.82
- Price spread: +0.321% → +0.145%
- $17.65
- Slippage, 4 orders
- −$28.54
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $48.92
- Costs to cover
- 0.475%
- Break-even
- 2.7 days
Slippage from HTX: live order book, 27 min ago; Phoenix: live order book, 21 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 HTX live order book, 27 min ago | 1.83 bp | 12.2 bp −$12 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 21 min ago | 3.67 bp | 12.5 bp −$12 | 27.0 bp −$270 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0999% | 4h | 190.13 | +0.178% | $573K | $289K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0119% | 1h | 189.83 | +0.021% | $48K | $328K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.037% | $36K | $876K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0027% | 1h | 189.85 | +0.032% | $159.1M | $69.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.01 | +0.115% | $246K | $893K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.78 | −0.007% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.88 | +0.047% | $200.2M | $407.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.87 | +0.042% | $15.3M | $28.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.92 | +0.068% | $45.1M | $73.3M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.88 | +0.047% | $25.6M | $19.6M | 75x | as long as short |
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | 0.0000% | 8h | 189.96 | +0.090% | $24.5M | $28.7M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 190.24 | +0.238% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.15 | +0.191% | $22K | $214K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 190.12 | +0.174% | $696 | $6.2M | 10x | as long as short |
| HTX SKHY-USDTlong | 0.0000% | 8h | 189.79 | long leg | $158K | $369K | 50x | |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.88 | +0.047% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 189.82 | +0.016% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0016% | 1h | 189.77 | −0.011% | $1.0M | $704K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 189.81 | +0.011% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.08 | +0.153% | $59K | $164K | 10x | as long as short |
| Nado SKHY-PERP | +0.0042% | 1h | 189.99 | +0.103% | $34K | $28K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.96 | +0.090% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.86 | +0.037% | $200K | $258K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.76 | −0.016% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.86 | +0.037% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 190.17 | +0.200% | $529K | $2.7M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 189.97 | +0.095% | $1.1M | $318K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.88 | +0.047% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.02 | +0.121% | $2.2M | $437K | 50x | as long as short |
| Phoenix SKHYshort | +0.0375% | 1h | 190.40 | +0.321% | $213K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0690% | 1h | 189.88 | +0.045% | $48K | $19K | 20x | as long as short |
Bitget SKHYUSDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Nado SKHY-PERP
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD