Funding you earn now, next payment 23:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h −0.001%
Price spread now: Deribit against Phemex+0.032%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$104as in the Price arb table
costs, in and out, $10k−$1051.055% of the position
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)−0.005%−$1 · spread now +0.032%, 7d avg +0.015%
=The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYUSDT | 188.69 | 0 | get 0.0000% / 8h | 1h 46m | $1.5M | $1.1M | 10x |
| Short | Deribit SKHY_USDC-PERPETUAL | 188.75 | 0.0015 | get 0.0002% / 1h | 46m 28s | $45K | $228K | 10x |
Phemex SKHYUSDT
Deribit SKHY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $3.14
- Price spread: +0.032% → +0.015%
- $1.71
- Slippage, 4 orders
- −$86.47
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$100.61
- Costs to cover
- 1.055%
- Break-even
- 231.0 days
Slippage from Phemex: live order book, 1 min ago; Deribit: live order book, 37 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 | 2.91 bp | 39.1 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 37 min ago | 0.26 bp | 14.6 bp −$15 | 19.8 bp −$198 | doesn't fit | 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 | −0.0503% | 4h | 188.74 | +0.029% | $569K | $290K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0021% | 8h | 188.66 | −0.016% | $1.1M | $317K | 20x | as long as short |
| Nado SKHY-PERP | −0.0007% | 1h | 188.69 | +0.001% | $28K | $2K | 10x | as long as short |
| QFEX SKHY-USD | −0.0001% | 1h | 188.69 | 0.000% | $1.2M | $5.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.69 | +0.002% | $250K | $901K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.70 | +0.005% | $55K | $4K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.71 | +0.011% | $211.4M | $378.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.73 | +0.021% | $15.8M | $26.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.75 | +0.032% | $46.9M | $60.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.70 | +0.005% | $26.0M | $17.7M | 75x | as long as short |
edgeX SKHYUSDC
KuCoin SKHYUSDTM
Nado SKHY-PERP
QFEX SKHY-USD
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | 0.0000% | 8h | 188.73 | +0.021% | $25.3M | $25.1M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.76 | +0.037% | $1.5M | $2.5M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.76 | +0.037% | $22K | $216K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.98 | +0.154% | $692 | $7.3M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.68 | −0.005% | $155K | $399K | 50x | as long as short |
| Phemex SKHYUSDTlong | 0.0000% | 8h | 188.69 | long leg | $1.5M | $1.1M | 10x | |
| Deribit SKHY_USDC-PERPETUALshort | +0.0015% | 1h | 188.75 | +0.032% | $45K | $228K | 10x | |
| Lighter SKHY | +0.0032% | 1h | 188.66 | −0.016% | $1.0M | $711K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.61 | −0.042% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.68 | −0.005% | $56K | $156K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.67 | −0.011% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.72 | +0.016% | $202K | $241K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 188.65 | −0.021% | $164.4M | $65.0M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.61 | −0.042% | $186K | $923K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.69 | 0.000% | $42K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.68 | −0.005% | $530K | $943K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.74 | +0.026% | $2K | $5K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.76 | +0.037% | $2.2M | $432K | 50x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0240% | 1h | 188.78 | +0.048% | $168K | $687K | 10x | as long as short |
| Phoenix SKHY | +0.0297% | 1h | 188.95 | +0.138% | $213K | $128K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0872% | 1h | 188.78 | +0.048% | $50K | $24K | 20x | as long as short |
Bitget SKHYUSDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Coinbase International SKHY-PERP-INTX
Phoenix SKHY
Kraken Futures PF_SKHYUSD