Funding you earn now, next payment 06:00 UTC+0.0398%/8h= +43.6% APRnext payment +$0.50 per $10,000 · paid last 24h +0.117%
Price spread now: Phoenix against Nado+0.149%63s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Phoenix is 0.149% dearer against Nado than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 63 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 | Nado SKHY-PERP | 186.76 | −0.0186 | get 0.0023% / 1h | 40m 59s | $33K | $28K | 10x |
| Short | Phoenix SKHY | 187.04 | 0.0213 | get 0.0027% / 1h | 40m 59s | $210K | $115K | 10x |
Nado SKHY-PERP
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Nado. 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
- $83.62
- Price spread: +0.149% → 0.000%
- $14.93
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $84.55
- Costs to cover
- 0.140%
- Break-even
- from the start
Slippage unknown: Nado: no order-book sample; Phoenix: live order book, 61 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 Nado no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 61 min ago | 3.72 bp | 12.6 bp −$13 | 27.4 bp −$274 | doesn't fit | doesn't fit |
Nado: 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 | −0.1134% | 8h | 186.74 | −0.011% | $25.0M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0246% | 4h | 187.00 | +0.127% | $564K | $292K | 10x | as long as short |
| Nado SKHY-PERPlong | −0.0186% | 1h | 186.76 | long leg | $33K | $28K | 10x | |
| tradeXYZ xyz:SKHY | −0.0183% | 1h | 186.58 | −0.097% | $158.3M | $74.3M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0178% | 1h | 186.64 | −0.065% | $48K | $340K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0172% | 1h | 186.52 | −0.129% | $180K | $487K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0152% | 1h | 186.60 | −0.086% | $197K | $274K | 20x | as long as short |
| Lighter SKHY | −0.0144% | 1h | 186.56 | −0.108% | $962K | $1.1M | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 186.77 | +0.002% | $47K | $19K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.530% | $63K | $902K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
tradeXYZ xyz:SKHY
Deribit SKHY_USDC-PERPETUAL
Polymarket Perps SKHY-USD
Popdex SKHYUSDT
Lighter SKHY
Kraken Futures PF_SKHYUSD
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 | 186.64 | −0.065% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0037% | 1h | 186.48 | −0.151% | $514K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.76 | 0.000% | $226K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.54 | −0.119% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.60 | −0.084% | $199.3M | $438.1M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.62 | −0.076% | $15.8M | $29.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.58 | −0.097% | $44.6M | $77.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.56 | −0.108% | $25.2M | $20.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.53 | −0.122% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.65 | −0.059% | $22K | $228K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.83 | +0.037% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.48 | −0.151% | $155K | $367K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.62 | −0.076% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.53 | −0.124% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.78 | +0.010% | $58K | $165K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.73 | −0.017% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.62 | −0.076% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 186.73 | −0.017% | $1.1M | $328K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.52 | −0.129% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.59 | −0.092% | $2.2M | $419K | 50x | as long as short |
| Phoenix SKHYshort | +0.0213% | 1h | 187.04 | +0.149% | $210K | $115K | 10x |
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