Funding you earn now, next payment 08:00 UTC−0.1250%/8h= −136.9% APRnext payment −$12.50 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against OKX+0.134%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 7 days−0.145%−$14 · spread now +0.134%, 7d avg +0.005%
=The price spread pays, funding is against you. Bitget is 0.129% dearer against OKX than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.005%): +$13 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.012% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.50 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX SKHY-USDT-SWAP | 186.44 | 0 | get 0.0000% / 8h | 18m 38s | $44.6M | $79.8M | 50x |
| Short | Bitget SKHYUSDT | 186.69 | −0.1250 | pay 0.1250% / 8h | 18m 38s | $25.6M | $33.3M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against OKX. 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
- −$262.5
- Price spread: +0.134% → +0.005%
- $12.9
- Slippage, 4 orders
- −$6.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$278.47
- Costs to cover
- 0.289%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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 OKX live order book, 5 min ago | 0.27 bp | 6.7 bp −$7 | 8.8 bp −$88 | 36.1 bp −$3,613 | doesn't fit |
| Sell Bitget live order book, 5 min ago | 0.80 bp | 8.2 bp −$8 | 15.6 bp −$156 | 27.2 bp −$2,719 | 49.1 bp −$24.5K |
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 SKHYUSDTshort | −0.1250% | 8h | 186.69 | +0.134% | $25.6M | $33.3M | 20x | |
| edgeX SKHYUSDC | −0.0437% | 4h | 186.21 | −0.122% | $561K | $290K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.61 | +0.093% | $48K | $21K | 20x | as long as short |
| tradeXYZ xyz:SKHY | −0.0177% | 1h | 186.49 | +0.027% | $158.4M | $76.9M | 10x | as long as short |
| Nado SKHY-PERP | −0.0151% | 1h | 186.57 | +0.070% | $33K | $28K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0090% | 1h | 186.38 | −0.032% | $180K | $486K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0072% | 1h | 186.48 | +0.021% | $204K | $287K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.611% | $68K | $803K | 10x | as long as short |
| QFEX SKHY-USD | −0.0061% | 1h | 186.46 | +0.011% | $1.2M | $4.3M | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0054% | 8h | 186.44 | 0.000% | $1.1M | $338K | 20x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter SKHY | −0.0016% | 1h | 186.44 | 0.000% | $974K | $1.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.54 | +0.053% | $223K | $899K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.47 | +0.015% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.47 | +0.016% | $200.2M | $451.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.48 | +0.021% | $16.6M | $29.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAPlong | 0.0000% | 8h | 186.44 | long leg | $44.6M | $79.8M | 50x | |
| Gate SKHY_USDT | 0.0000% | 8h | 186.51 | +0.038% | $25.5M | $21.1M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.36 | −0.042% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.41 | −0.016% | $22K | $236K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.78 | +0.182% | $684 | $6.1M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 186.56 | +0.064% | $49K | $347K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.56 | +0.064% | $155K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.50 | +0.032% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.41 | −0.016% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.41 | −0.016% | $60K | $171K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0042% | 1h | 186.41 | −0.016% | $520K | $2.6M | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.44 | 0.000% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.46 | +0.011% | $41K | $12K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.54 | +0.054% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.52 | +0.043% | $2.2M | $427K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.63 | +0.102% | $209K | $123K | 10x | as long as short |
OKX SKHY-USDT-SWAP
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Popdex SKHYUSDT
Coinbase International SKHY-PERP-INTX
KuCoin SKHYUSDTM
Lighter SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter RH SKHY
SoDEX SKHY-USD
BloFin SKHY-USDT
Phoenix SKHY