Funding you earn now, next payment 04:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.065%
Price spread now: Phoenix against Orderly+0.132%66s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.132% dearer against Orderly than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 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 | Orderly PERP_SKHY_USDC_mythos | 189.60 | 0.0100 | pay 0.0100% / 8h | 3h 21m | $2K | $4K | 10x |
| Short | Phoenix SKHY | 189.85 | 0.0375 | get 0.0047% / 1h | 21m 42s | $213K | $124K | 10x |
Orderly PERP_SKHY_USDC_mythos
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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: +0.132% → 0.000%
- $13.19
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $58.01
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 25 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 25 min ago | 3.67 bp | 12.5 bp −$12 | 27.0 bp −$270 | doesn't fit | doesn't fit |
Orderly: 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 | −0.0722% | 4h | 190.02 | +0.223% | $573K | $289K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.137% | $36K | $876K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0019% | 1h | 189.73 | +0.069% | $159.1M | $69.7M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.79 | +0.098% | $246K | $894K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.69 | +0.049% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.79 | +0.098% | $200.1M | $408.6M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.79 | +0.100% | $15.3M | $28.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.77 | +0.090% | $45.0M | $73.5M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.75 | +0.079% | $25.4M | $19.7M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.83 | +0.121% | $24.3M | $29.1M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit 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 | 189.80 | +0.105% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.69 | +0.045% | $22K | $215K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.94 | +0.179% | $695 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.55 | −0.026% | $48K | $328K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.56 | −0.021% | $158K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.64 | +0.021% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 189.38 | −0.116% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0024% | 1h | 189.66 | +0.032% | $1.0M | $714K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 189.68 | +0.042% | $1.1M | $1.5M | 10x | as long as short |
| Nado SKHY-PERP | +0.0035% | 1h | 189.41 | −0.099% | $33K | $28K | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 189.64 | +0.021% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.45 | −0.079% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.40 | −0.105% | $200K | $258K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.44 | −0.084% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.49 | −0.058% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.24 | −0.190% | $528K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 189.76 | +0.084% | $1.1M | $317K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythoslong | +0.0100% | 8h | 189.60 | long leg | $2K | $4K | 10x | |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.34 | −0.137% | $2.2M | $436K | 50x | as long as short |
| Phoenix SKHYshort | +0.0375% | 1h | 189.85 | +0.132% | $213K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0691% | 1h | 189.59 | −0.007% | $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
Nado SKHY-PERP
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD