Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.007%
Price spread now: OKX against KuCoin−0.110%7-day average +0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$760.765% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days+0.145%+$15 · spread now −0.110%, 7d avg +0.022%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and OKX is 0.132% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKHYUSDTM | 190.51 | 0.0100 | pay 0.0100% / 8h | 3h 41m | $1.1M | $321K | 20x |
| Short | OKX SKHY-USDT-SWAP | 190.30 | 0 | get 0.0000% / 8h | 3h 41m | $45.5M | $72.9M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against KuCoin. 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
- −$21
- Price spread: −0.110% → +0.022%
- −$13.22
- Slippage, 4 orders
- −$54.47
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$110.69
- Costs to cover
- 0.765%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 min ago; OKX: 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 KuCoin live order book, 4 min ago | 3.15 bp | 35.5 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.26 bp | 6.4 bp −$6 | 8.4 bp −$84 | 37.2 bp −$3,716 | 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 | −0.0981% | 4h | 190.66 | +0.080% | $575K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.223% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.48 | −0.015% | $247K | $892K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 190.33 | −0.096% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 190.34 | −0.088% | $200.0M | $403.1M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 190.36 | −0.079% | $15.4M | $28.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAPshort | 0.0000% | 8h | 190.30 | −0.110% | $45.5M | $72.9M | 50x | |
| Gate SKHY_USDT | 0.0000% | 8h | 190.46 | −0.026% | $25.6M | $19.4M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.71 | +0.105% | $24.5M | $28.3M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 190.79 | +0.148% | $1.6M | $1.1M | — | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.68 | +0.088% | $22K | $211K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 190.67 | +0.084% | $698 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 190.39 | −0.063% | $48K | $326K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 190.45 | −0.031% | $159K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 190.61 | +0.052% | $1.5M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.0004% | 1h | 190.41 | −0.052% | $159.2M | $69.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 190.42 | −0.047% | $1.2M | $4.0M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 190.25 | −0.136% | $1.0M | $691K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 190.26 | −0.131% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.67 | +0.084% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.51 | 0.000% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 190.52 | +0.005% | $200K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 190.38 | −0.068% | $182K | $460K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 190.36 | −0.079% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 190.51 | 0.000% | $563K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTMlong | +0.0100% | 8h | 190.51 | long leg | $1.1M | $321K | 20x | |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 190.41 | −0.052% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0105% | 1h | 190.63 | +0.065% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.36 | −0.079% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.77 | +0.136% | $214K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0688% | 1h | 190.50 | −0.003% | $48K | $19K | 20x | as long as short |
KuCoin SKHYUSDTM
OKX SKHY-USDT-SWAP
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
Gate SKHY_USDT
Bitget SKHYUSDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
tradeXYZ xyz:SKHY
Lighter SKHY
Lighter RH SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD