Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

SKHY

RWAall SKHY markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC−0.0292%/8h= −31.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.081%
Price spread now: Arcus against Phoenix−0.072%49s7-day average −0.167% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$430.433% of the position
Long on PhoenixShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.049%−$5 on $10k
Price spread, last 4 days (all we have)−1.022%−$102 · spread now −0.072%, 7d avg −0.167%
Together, before fees−1.071%−$107 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Arcus is 0.095% dearer against Phoenix than usual: you sell high and buy low (spread −0.072% now, against its 7-day average of −0.167%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 4 days (−0.049% in total) that is about 6.8 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.049% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.36 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SKHY193.150.0332pay 0.0042% / 1h5m 58s$216K$124K10x
ShortArcus SKHY-USD193.010.0040get 0.0005% / 1h5m 58s$57K$154K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus against Phoenix. 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
−$61.27
Price spread: −0.072% → −0.167%
$9.5
Slippage, 4 orders
−$31.81
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$95.08
Costs to cover
0.433%
Break-even
never at this rate
Slippage from Phoenix: live order book, 51 min ago; Arcus: live order book, 57 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 Phoenix live order book, 51 min ago3.62 bp11.9 bp −$1225.6 bp −$256doesn't fitdoesn't fit
Sell Arcus live order book, 57 min ago4.41 bp9.9 bp −$1020.1 bp −$201doesn't fitdoesn't fit

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−0.0868%4h192.94−0.111%$582K$290K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0032%1h192.90−0.129%$45K$874K10xas long as short
Aster SKHYUSDT0.0000%8h193.12−0.013%$249K$889K50xas long as short
Extended SKHY-USD0.0000%1h193.19+0.021%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.25+0.050%$205.5M$393.0M50xas long as short
Bybit SKHYUSDT0.0000%8h193.27+0.062%$15.8M$27.4M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.27+0.062%$46.7M$70.0M50xas long as short
Gate SKHY_USDT0.0000%8h193.17+0.010%$25.8M$19.1M75xas long as short
Variational Omni SKHY0.0000%8h193.16+0.004%$1.6M$1.2M—as long as short
GRVT SKHY_USDT_Perp0.0000%8h192.98−0.086%$22K$198K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h193.50+0.181%$708$6.3M10xas long as short
HTX SKHY-USDT0.0000%8h193.05−0.052%$161K$368K50xas long as short
Phemex SKHYUSDT0.0000%8h193.20+0.026%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0004%1h193.12−0.016%$1.2M$4.3M10xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0009%1h193.14−0.005%$49K$305K10xas long as short
Lighter SKHY+0.0032%1h193.06−0.047%$1.0M$696K10xas long as short
Lighter RH SKHY+0.0032%1h193.08−0.036%$1.1M$1.6M10xas long as short
Arcus SKHY-USDshort+0.0040%1h193.01−0.072%$57K$154K10x
Vest SKHY-USD-PERP+0.0046%1h193.09−0.031%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.14−0.005%$201K$257K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.150.000%$161.6M$67.4M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.03−0.062%$189K$456K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.11−0.021%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h192.99−0.083%$567K$2.2M10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.12−0.016%$1.1M$296K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.10−0.026%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.06−0.047%$2.2M$437K50xas long as short
Nado SKHY-PERP+0.0169%1h193.16+0.003%$38K$26K10xas long as short
Bitget SKHYUSDT+0.0181%8h193.150.000%$25.4M$26.8M20xas long as short
Phoenix SKHYlong+0.0332%1h193.15long leg$216K$124K10x
Kraken Futures PF_SKHYUSD+0.0545%1h193.28+0.066%$51K$17K20xas long as short