Funding you earn now, next payment 04:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.088%
Price spread now: Phoenix against KuCoin−0.064%7-day average +0.159% · 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−$114as in the Price arb table
costs, in and out, $10k−$910.915% of the position
Funding, last 7 days+0.361%+$36 on $10k
+Price spread, last 4 days (all we have)+0.728%+$73 · spread now −0.064%, 7d avg +0.159%
=Funding pays, the price is against you. Phoenix is 0.222% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.064% now, against its 7-day average of +0.159%). If the spread goes back, that is −$22 on $10k: about 2.7 days of funding at the current rate (+$8 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SKHYUSDTM | 188.88 | 0.0100 | pay 0.0100% / 8h | 3h 06m | $1.1M | $313K | 20x |
| Short | Phoenix SKHY | 188.76 | 0.0375 | get 0.0047% / 1h | 6m 51s | $211K | $124K | 10x |
KuCoin SKHYUSDTM
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $57.82
- Price spread: −0.064% → +0.159%
- −$22.23
- Slippage, 4 orders
- −$72.47
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$55.88
- Costs to cover
- 0.915%
- Break-even
- 13.8 days
Slippage from KuCoin: live order book, 3 min ago; Phoenix: live order book, 40 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, 3 min ago | 2.92 bp | 31.8 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 40 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.0283% | 8h | 188.89 | +0.005% | $24.3M | $29.4M | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.519% | $36K | $876K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0055% | 4h | 188.56 | −0.169% | $568K | $290K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0019% | 1h | 188.82 | −0.032% | $158.4M | $70.0M | 10x | as long as short |
| Lighter SKHY | 0.0000% | 1h | 188.76 | −0.064% | $995K | $747K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.95 | +0.035% | $244K | $894K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.81 | −0.037% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.91 | +0.016% | $199.3M | $412.0M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.95 | +0.037% | $15.4M | $29.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.90 | +0.011% | $44.7M | $73.6M | 50x | as long as short |
Bitget SKHYUSDT
Coinbase International SKHY-PERP-INTX
edgeX SKHYUSDC
tradeXYZ xyz:SKHY
Lighter SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate SKHY_USDT | 0.0000% | 8h | 188.88 | 0.000% | $25.3M | $19.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.50 | −0.201% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.60 | −0.148% | $22K | $216K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.10 | +0.116% | $692 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 188.82 | −0.032% | $48K | $330K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.88 | 0.000% | $157K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.99 | +0.058% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 188.92 | +0.021% | $1.2M | $4.1M | 10x | as long as short |
| Nado SKHY-PERP | +0.0014% | 1h | 188.95 | +0.037% | $33K | $28K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.76 | −0.064% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.74 | −0.074% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.87 | −0.005% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.93 | +0.026% | $199K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.81 | −0.037% | $182K | $472K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.77 | −0.058% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.60 | −0.148% | $526K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTMlong | +0.0100% | 8h | 188.88 | long leg | $1.1M | $313K | 20x | |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.90 | +0.011% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.86 | −0.011% | $2.2M | $437K | 50x | as long as short |
| Phoenix SKHYshort | +0.0375% | 1h | 188.76 | −0.064% | $211K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0694% | 1h | 188.83 | −0.029% | $48K | $19K | 20x | as long as short |
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Nado SKHY-PERP
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
Kraken Futures PF_SKHYUSD