Funding you earn now, next payment 22:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h −0.026%
Price spread now: BloFin against Phoenix−0.101%7-day average −0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 3 days (all we have)−0.036%−$4 · spread now −0.101%, 7d avg −0.110%
=The price spread sits at its 7-day average of −0.110%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 188.96 | 0.0297 | pay 0.0037% / 1h | 48m 28s | $213K | $128K | 10x |
| Short | BloFin SKHY-USDT | 188.77 | 0.0120 | get 0.0120% / 8h | 1h 48m | $2.2M | $432K | 50x |
Phoenix SKHY
BloFin SKHY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- −$37.12
- Price spread: −0.101% → −0.110%
- $0.98
- Slippage, 4 orders
- −$14.27
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$69.42
- Costs to cover
- 0.333%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 29 min ago; BloFin: live order book, 4 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, 29 min ago | 2.65 bp | 9.8 bp −$10 | 20.1 bp −$201 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.53 bp | 6.5 bp −$7 | 7.7 bp −$77 | 18.3 bp −$1,828 | 46.1 bp −$23.1K |
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 | −0.114% | $569K | $290K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0024% | 8h | 188.66 | −0.159% | $1.1M | $317K | 20x | as long as short |
| Nado SKHY-PERP | −0.0012% | 1h | 188.71 | −0.131% | $28K | $2K | 10x | as long as short |
| QFEX SKHY-USD | −0.0001% | 1h | 188.75 | −0.111% | $1.2M | $5.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.70 | −0.137% | $250K | $901K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.70 | −0.137% | $55K | $4K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.73 | −0.122% | $211.4M | $378.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.73 | −0.122% | $15.8M | $26.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.72 | −0.127% | $46.9M | $60.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.70 | −0.138% | $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 | 188.75 | −0.111% | $25.3M | $25.1M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.76 | −0.106% | $1.5M | $2.5M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.76 | −0.106% | $22K | $216K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.03 | +0.037% | $692 | $7.3M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.71 | −0.132% | $155K | $400K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.77 | −0.101% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 188.72 | −0.127% | $1.0M | $711K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.68 | −0.148% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.76 | −0.106% | $56K | $156K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.69 | −0.143% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.78 | −0.095% | $202K | $241K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 188.67 | −0.153% | $164.4M | $65.0M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.64 | −0.169% | $186K | $923K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.73 | −0.122% | $42K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.70 | −0.138% | $522K | $923K | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.75 | −0.111% | $2K | $5K | 10x | as long as short |
| BloFin SKHY-USDTshort | +0.0120% | 8h | 188.77 | −0.101% | $2.2M | $432K | 50x | |
| Deribit SKHY_USDC-PERPETUAL | +0.0121% | 1h | 188.80 | −0.085% | $45K | $228K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0240% | 1h | 188.78 | −0.095% | $168K | $687K | 10x | as long as short |
| Phoenix SKHYlong | +0.0297% | 1h | 188.96 | long leg | $213K | $128K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0872% | 1h | 188.89 | −0.035% | $50K | $24K | 20x | as long as short |
Bitget SKHYUSDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
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
Deribit SKHY_USDC-PERPETUAL
Coinbase International SKHY-PERP-INTX
Kraken Futures PF_SKHYUSD