Funding you earn now, next payment 07:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.07 per $10,000 · paid last 24h −0.166%
Price spread now: tradeXYZ against Kraken Futures−0.049%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−0.763%−$76 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.049% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 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 | 186.36 | −0.0139 | get 0.0017% / 1h | 38m 17s | $47K | $19K | 20x |
| Short | tradeXYZ xyz:SKHY | 186.27 | −0.0197 | pay 0.0025% / 1h | 38m 17s | $158.2M | $74.2M | 10x |
Kraken Futures PF_SKHYUSD
tradeXYZ xyz:SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$12.23
- Price spread: −0.049% → 0.000%
- −$4.86
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$45.09
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; tradeXYZ: live order book, 12 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 tradeXYZ live order book, 12 min ago | 0.27 bp | 10.3 bp −$10 | 11.1 bp −$111 | 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 | −0.1179% | 8h | 186.47 | +0.059% | $24.9M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0809% | 4h | 186.57 | +0.110% | $562K | $290K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0715% | 1h | 186.27 | −0.049% | $49K | $341K | 10x | as long as short |
| tradeXYZ xyz:SKHYshort | −0.0197% | 1h | 186.27 | −0.049% | $158.2M | $74.2M | 10x | |
| Nado SKHY-PERP | −0.0195% | 1h | 186.42 | +0.032% | $33K | $28K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0192% | 1h | 186.21 | −0.081% | $196K | $274K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0190% | 1h | 186.15 | −0.113% | $180K | $487K | 10x | as long as short |
| Lighter SKHY | −0.0144% | 1h | 186.26 | −0.054% | $961K | $1.1M | 10x | as long as short |
| Kraken Futures PF_SKHYUSDlong | −0.0139% | 1h | 186.36 | long leg | $47K | $19K | 20x | |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.746% | $63K | $902K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
Lighter SKHY
Coinbase International SKHY-PERP-INTXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 186.22 | −0.075% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0042% | 1h | 186.07 | −0.156% | $514K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.56 | +0.106% | $226K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.20 | −0.088% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.32 | −0.023% | $198.9M | $438.5M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.37 | +0.005% | $15.8M | $29.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.35 | −0.006% | $44.5M | $77.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.25 | −0.059% | $25.5M | $20.4M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.53 | +0.092% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.59 | +0.123% | $22K | $228K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.52 | +0.086% | $683 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.19 | −0.092% | $154K | $367K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.34 | −0.011% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.27 | −0.049% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.51 | +0.080% | $58K | $165K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.41 | +0.026% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.25 | −0.059% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 186.42 | +0.032% | $1.1M | $328K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.28 | −0.043% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.25 | −0.059% | $2.2M | $419K | 50x | as long as short |
| Phoenix SKHY | +0.0213% | 1h | 187.04 | +0.365% | $210K | $115K | 10x | as long as short |
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY