Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Bybit against Ondo Perps−0.010%57s7-day average +0.028% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 7 days+0.021%+$2 · spread now −0.010%, 7d avg +0.028%
=Together, before fees−0.046%+ Points / potential airdropOndo Perps: Active · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.039% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.028%). Swap the legs. The two prices were read 57 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 | Ondo Perps SKHY-USD.P | 190.77 | 0.0050 | pay 0.0006% / 1h | 46m 46s | $549K | $2.6M | 10x |
| Short | Bybit SKHYUSDT | 190.75 | 0 | get 0.0000% / 8h | 3h 46m | $15.5M | $28.4M | 100x |
Ondo Perps SKHY-USD.P
Bybit SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. 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
- −$10.58
- Price spread: −0.010% → +0.028%
- −$3.88
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$30.46
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 2 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 0.26 bp | 7.8 bp −$8 | 11.4 bp −$114 | 71.0 bp −$7,104 | doesn't fit |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0851% | 4h | 190.81 | +0.022% | $575K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.085% | $45K | $861K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0004% | 1h | 190.68 | −0.047% | $159.4M | $68.9M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.80 | +0.014% | $248K | $891K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 190.70 | −0.035% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 190.76 | −0.005% | $200.6M | $401.4M | 50x | as long as short |
| Bybit SKHYUSDTshort | 0.0000% | 8h | 190.75 | −0.010% | $15.5M | $28.4M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 190.72 | −0.026% | $45.9M | $72.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 190.72 | −0.026% | $25.7M | $19.3M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.78 | +0.005% | $24.4M | $28.1M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 191.43 | +0.347% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.60 | −0.089% | $22K | $209K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 191.13 | +0.189% | $700 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 190.80 | +0.016% | $48K | $325K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 190.71 | −0.031% | $159K | $370K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 190.82 | +0.026% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 190.83 | +0.031% | $1.2M | $4.0M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 190.62 | −0.079% | $1.0M | $691K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 190.66 | −0.058% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.99 | +0.115% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.84 | +0.037% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 190.86 | +0.047% | $201K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 190.78 | +0.005% | $182K | $460K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 190.73 | −0.021% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.Plong | +0.0050% | 1h | 190.77 | long leg | $549K | $2.6M | 10x | |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.78 | +0.005% | $1.1M | $321K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 190.83 | +0.031% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0115% | 1h | 190.88 | +0.056% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.74 | −0.016% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 191.05 | +0.147% | $214K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0686% | 1h | 190.95 | +0.094% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD