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: Bybit against Phemex−0.037%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1191.193% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.037%, 7d avg −0.003%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.033% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYUSDT | 190.82 | 0 | get 0.0000% / 8h | 3h 46m | $1.5M | $1.1M | 10x |
| Short | Bybit SKHYUSDT | 190.75 | 0 | get 0.0000% / 8h | 3h 46m | $15.5M | $28.4M | 100x |
Phemex SKHYUSDT
Bybit SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Phemex. 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
- $0
- Price spread: −0.037% → −0.003%
- −$3.33
- Slippage, 4 orders
- −$96.34
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$122.67
- Costs to cover
- 1.193%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; Bybit: live order book, 2 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 Phemex live order book, 1 min ago | 1.05 bp | 48.0 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| 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 |
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 | −0.004% | $575K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.059% | $45K | $861K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0004% | 1h | 190.68 | −0.073% | $159.4M | $68.9M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.80 | −0.012% | $248K | $891K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 190.70 | −0.062% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 190.76 | −0.031% | $200.6M | $401.4M | 50x | as long as short |
| Bybit SKHYUSDTshort | 0.0000% | 8h | 190.75 | −0.037% | $15.5M | $28.4M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 190.72 | −0.052% | $45.9M | $72.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 190.72 | −0.052% | $25.7M | $19.3M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.78 | −0.021% | $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 | +0.320% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.60 | −0.115% | $22K | $209K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 191.13 | +0.162% | $700 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 190.80 | −0.010% | $48K | $325K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 190.71 | −0.058% | $159K | $370K | 50x | as long as short |
| Phemex SKHYUSDTlong | 0.0000% | 8h | 190.82 | long leg | $1.5M | $1.1M | 10x | |
| QFEX SKHY-USD | +0.0011% | 1h | 190.83 | +0.005% | $1.2M | $4.0M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 190.62 | −0.105% | $1.0M | $691K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 190.66 | −0.084% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.99 | +0.089% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.84 | +0.010% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 190.86 | +0.021% | $201K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 190.78 | −0.021% | $182K | $460K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 190.73 | −0.047% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 190.77 | −0.026% | $549K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.78 | −0.021% | $1.1M | $321K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 190.83 | +0.005% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0115% | 1h | 190.88 | +0.030% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.74 | −0.042% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 191.05 | +0.121% | $214K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0686% | 1h | 190.95 | +0.068% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD