Funding you earn now, next payment 01:00 UTC−0.0331%/8h= −36.2% APRpaid last 24h −0.093%
Price spread now: Aster against Phoenix−0.323%45s7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 4 days (all we have)−1.910%−$191 · spread now −0.323%, 7d avg −0.134%
=Together, before fees−2.235%+ Points / potential airdropAster: Stage 5 · farm board−$223 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Aster is 0.190% cheaper against Phoenix than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.134%). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 193.12 | 0.0331 | pay 0.0041% / 1h | 20m 39s | $216K | $123K | 10x |
| Short | Aster SKHYUSDT | 192.50 | 0 | get 0.0000% / 8h | 6h 20m | $248K | $890K | 50x |
Phoenix SKHY
Aster SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phoenix. 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
- −$69.48
- Price spread: −0.323% → −0.134%
- −$18.96
- Slippage, 4 orders
- −$20.89
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$124.33
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 41 min ago; Aster: live order book, 47 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 Phoenix live order book, 41 min ago | 3.10 bp | 10.9 bp −$11 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Aster live order book, 47 min ago | 1.03 bp | 7.1 bp −$7 | 37.7 bp −$377 | doesn't fit | doesn't fit |
SKHY on 30 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 | −0.0714% | 4h | 192.89 | −0.121% | $581K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 192.90 | −0.114% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDTshort | 0.0000% | 8h | 192.50 | −0.323% | $248K | $890K | 50x | |
| Extended SKHY-USD | 0.0000% | 1h | 192.45 | −0.347% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.51 | −0.316% | $209.1M | $386.0M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.53 | −0.306% | $15.6M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.51 | −0.316% | $46.6M | $69.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.44 | −0.352% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.52 | −0.311% | $1.6M | $2.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.90 | −0.112% | $22K | $193K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 192.81 | −0.161% | $706 | $6.5M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.49 | −0.326% | $160K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.48 | −0.331% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0002% | 1h | 192.50 | −0.321% | $1.2M | $4.5M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0010% | 1h | 192.55 | −0.295% | $48K | $271K | 10x | as long as short |
| Nado SKHY-PERP | +0.0022% | 1h | 192.55 | −0.294% | $42K | $21K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.37 | −0.388% | $1.0M | $687K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.38 | −0.383% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.72 | −0.207% | $57K | $155K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.60 | −0.269% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.54 | −0.300% | $198K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.40 | −0.373% | $162.0M | $66.2M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.47 | −0.337% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.53 | −0.306% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.85 | −0.140% | $532K | $1.9M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.51 | −0.316% | $1.1M | $283K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.50 | −0.321% | $2K | $4K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0294% | 8h | 192.60 | −0.269% | $25.5M | $26.3M | 20x | as long as short |
| Phoenix SKHYlong | +0.0331% | 1h | 193.12 | long leg | $216K | $123K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0708% | 1h | 192.63 | −0.256% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
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
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD