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Funding arb · Price arb /

SKHY

RWAall SKHY markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Phemex+0.010%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$87as in the Price arb table
costs, in and out, $10k−$900.897% of the position
Long on PhemexShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.020%−$2 on $10k
Price spread, last 2 days (all we have)−0.025%−$2 · spread now +0.010%, 7d avg −0.016%
Together, before fees−0.045%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.026% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex SKHYUSDT193.380get 0.0000% / 8h7h 04m$1.5M$1.1M10x
ShortBinance SKHYUSDT193.400get 0.0000% / 8h7h 04m$211.6M$385.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.010% → −0.016%
$2.6
Slippage, 4 orders
−$67.72
Fee Phemex: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$87.12
Costs to cover
0.897%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago2.07 bp38.2 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 9 min ago0.26 bp5.3 bp −$56.9 bp −$6919.9 bp −$1,98790.3 bp −$45.2K

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0141%4h193.40+0.011%$583K$290K10xas long as short
Nado SKHY-PERP−0.0024%1h193.50+0.062%$44K$20K10xas long as short
Aster SKHYUSDT0.0000%8h193.23−0.076%$249K$890K50xas long as short
Extended SKHY-USD0.0000%1h193.33−0.024%$56K$7K10xas long as short
Binance SKHYUSDTshort0.0000%8h193.40+0.010%$211.6M$385.3M50x
Bybit SKHYUSDT0.0000%8h193.42+0.021%$15.7M$27.0M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.40+0.010%$46.9M$68.4M50xas long as short
Gate SKHY_USDT0.0000%8h193.36−0.010%$25.8M$18.8M75xas long as short
Variational Omni SKHY0.0000%8h193.46+0.041%$1.6M$2.3M—as long as short
SunX SKHY-USDT0.0000%8h193.67+0.150%$709$6.7M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SKHY_USDC-PERPETUAL0.0000%1h193.44+0.031%$48K$269K10xas long as short
HTX SKHY-USDT0.0000%8h193.39+0.005%$160K$381K50xas long as short
Phemex SKHYUSDTlong0.0000%8h193.38long leg$1.5M$1.1M10x
QFEX SKHY-USD+0.0005%1h193.43+0.026%$1.2M$5.0M10xas long as short
Lighter SKHY+0.0032%1h193.33−0.026%$1.0M$695K10xas long as short
Lighter RH SKHY+0.0032%1h193.32−0.031%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h193.37−0.005%$57K$153K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.48+0.052%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.47+0.047%$197K$258K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.36−0.010%$163.7M$66.6M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.37−0.005%$191K$454K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.36−0.010%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.28−0.052%$542K$1.7M10xas long as short
Coinbase International SKHY-PERP-INTX+0.0088%1h193.24−0.072%$54K$870K10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.380.000%$1.1M$278K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.42+0.021%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.44+0.031%$2.2M$446K50xas long as short
Phoenix SKHY+0.0335%1h193.32−0.031%$218K$120K10xas long as short
GRVT SKHY_USDT_Perp+0.0411%8h193.23−0.078%$23K$192K10xas long as short
Bitget SKHYUSDT+0.0415%8h193.42+0.021%$25.8M$26.9M20xas long as short
Kraken Futures PF_SKHYUSD+0.0707%1h193.46+0.041%$51K$17K20xas long as short