Funding you earn now, next payment 05:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.009%
Price spread now: tradeXYZ against Phemex−0.053%7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1211.207% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.053%, 7d avg −0.027%
=Together, before fees+0.053%+ Points / potential airdroptradeXYZ: Active · farm board+$5 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: tradeXYZ is 0.025% 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 −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYUSDT | 189.99 | 0 | get 0.0000% / 8h | 3h 38m | $1.5M | $1.1M | 10x |
| Short | tradeXYZ xyz:SKHY | 189.89 | −0.0002 | pay 0.0000% / 1h | 38m 20s | $158.8M | $69.1M | 10x |
Phemex SKHYUSDT
tradeXYZ xyz:SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$0.48
- Price spread: −0.053% → −0.027%
- −$2.55
- Slippage, 4 orders
- −$90.66
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$123.69
- Costs to cover
- 1.207%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; tradeXYZ: live order book, 12 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, 5 min ago | 0.79 bp | 48.5 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 12 min ago | 0.26 bp | 9.3 bp −$9 | 10.5 bp −$105 | 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 | −0.0799% | 4h | 190.46 | +0.246% | $574K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.500% | $45K | $861K | 10x | as long as short |
| tradeXYZ xyz:SKHYshort | −0.0002% | 1h | 189.89 | −0.053% | $158.8M | $69.1M | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 190.02 | +0.014% | $247K | $893K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.92 | −0.039% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.96 | −0.015% | $199.6M | $404.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.93 | −0.032% | $15.3M | $28.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.93 | −0.032% | $45.3M | $72.9M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.95 | −0.021% | $25.6M | $19.5M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.00 | +0.005% | $24.3M | $28.4M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
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 | 190.47 | +0.254% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.25 | +0.135% | $22K | $211K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 190.26 | +0.142% | $696 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 189.98 | −0.005% | $48K | $326K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 189.89 | −0.053% | $158K | $369K | 50x | as long as short |
| Phemex SKHYUSDTlong | 0.0000% | 8h | 189.99 | long leg | $1.5M | $1.1M | 10x | |
| QFEX SKHY-USD | +0.0011% | 1h | 189.98 | −0.005% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 189.86 | −0.068% | $1.0M | $692K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 189.88 | −0.058% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.21 | +0.116% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.98 | −0.005% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.96 | −0.016% | $200K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.89 | −0.053% | $183K | $470K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.91 | −0.042% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.99 | 0.000% | $563K | $2.7M | 10x | as long as short |
| Nado SKHY-PERP | +0.0097% | 1h | 190.01 | +0.011% | $34K | $28K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.02 | +0.016% | $1.1M | $320K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.95 | −0.021% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.85 | −0.074% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.44 | +0.237% | $213K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0690% | 1h | 190.00 | +0.004% | $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
Nado SKHY-PERP
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD