Funding you earn now, next payment 09:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.156%
Price spread now: Phemex against Kraken Futures−0.030%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.718%−$72 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Phemex is 0.030% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SKHYUSD | 185.07 | 0.0171 | pay 0.0021% / 1h | 36m 44s | $48K | $20K | 20x |
| Short | Phemex SKHYUSDT | 185.02 | 0 | get 0.0000% / 8h | 7h 36m | $1.5M | $1.1M | 10x |
Kraken Futures PF_SKHYUSD
Phemex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Kraken Futures. 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
- −$35.9
- Price spread: −0.030% → 0.000%
- −$2.95
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$60.86
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 2.16 bp | 46.6 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1247% | 8h | 184.89 | −0.100% | $25.5M | $34.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0952% | 4h | 184.87 | −0.110% | $557K | $290K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | −0.0445% | 8h | 184.94 | −0.071% | $22K | $243K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0224% | 8h | 184.89 | −0.100% | $1.1M | $365K | 20x | as long as short |
| Bybit SKHYUSDT | −0.0205% | 8h | 184.76 | −0.170% | $16.3M | $32.5M | 100x | as long as short |
| tradeXYZ xyz:SKHY | −0.0133% | 1h | 184.78 | −0.159% | $156.9M | $77.7M | 10x | as long as short |
| Nado SKHY-PERP | −0.0096% | 1h | 184.97 | −0.054% | $33K | $28K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0067% | 1h | 184.93 | −0.078% | $514K | $2.6M | 10x | as long as short |
| Binance SKHYUSDT | −0.0030% | 8h | 184.85 | −0.123% | $197.6M | $461.3M | 50x | as long as short |
| QFEX SKHY-USD | −0.0028% | 1h | 184.98 | −0.051% | $1.2M | $4.3M | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
GRVT SKHY_USDT_Perp
KuCoin SKHYUSDTM
Bybit SKHYUSDT
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Ondo Perps SKHY-USD.P
Binance SKHYUSDT
QFEX SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | −0.0024% | 1h | 184.95 | −0.066% | $54K | $7K | 10x | as long as short |
| HTX SKHY-USDT | −0.0007% | 8h | 184.89 | −0.100% | $153K | $370K | 50x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 184.94 | −0.073% | $229K | $951K | 50x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 184.70 | −0.202% | $43.8M | $81.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 184.86 | −0.116% | $25.8M | $21.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 185.15 | +0.043% | $1.6M | $1.0M | — | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 185.28 | +0.111% | $678 | $5.9M | 10x | as long as short |
| Phemex SKHYUSDTshort | 0.0000% | 8h | 185.02 | −0.030% | $1.5M | $1.1M | 10x | |
| Lighter SKHY | +0.0008% | 1h | 184.77 | −0.165% | $984K | $1.3M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0008% | 1h | 185.01 | −0.035% | $201K | $288K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0024% | 1h | 187.58 | +1.354% | $68K | $784K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 184.72 | −0.192% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 184.93 | −0.078% | $59K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 184.88 | −0.105% | — | $34K | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 184.95 | −0.067% | $179K | $451K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 184.92 | −0.084% | $41K | $12K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0074% | 1h | 185.04 | −0.019% | $47K | $353K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0092% | 8h | 184.98 | −0.051% | $2.1M | $437K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 184.96 | −0.062% | $2K | $4K | 10x | as long as short |
| Kraken Futures PF_SKHYUSDlong | +0.0171% | 1h | 185.07 | long leg | $48K | $20K | 20x | |
| Phoenix SKHY | +0.0215% | 1h | 185.14 | +0.035% | $207K | $123K | 10x | as long as short |
Extended SKHY-USD
HTX SKHY-USDT
Aster SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
SunX SKHY-USDT
Lighter SKHY
Popdex SKHYUSDT
Coinbase International SKHY-PERP-INTX
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Deribit SKHY_USDC-PERPETUAL
BloFin SKHY-USDT
Orderly PERP_SKHY_USDC_mythos
Phoenix SKHY