Funding you earn now, next payment 06:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.095%
Price spread now: HTX against Phoenix−0.462%7-day average −0.146% · you buy dearer than you sell
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$430.430% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 4 days (all we have)+0.317%+$32 · spread now −0.462%, 7d avg −0.146%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.316% cheaper against Phoenix than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.146%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 188.26 | 0.0213 | pay 0.0027% / 1h | 52m 57s | $211K | $115K | 10x |
| Short | HTX SKHY-USDT | 187.39 | 0 | get 0.0000% / 8h | 1h 52m | $155K | $370K | 50x |
Phoenix SKHY
HTX SKHY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$44.66
- Price spread: −0.462% → −0.146%
- −$31.58
- Slippage, 4 orders
- −$24.03
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$119.27
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 49 min ago; HTX: live order book, 55 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, 49 min ago | 3.72 bp | 12.6 bp −$13 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell HTX live order book, 55 min ago | 2.92 bp | 8.9 bp −$9 | 10.7 bp −$107 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.1068% | 8h | 187.69 | −0.303% | $25.1M | $31.6M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0283% | 1h | 187.51 | −0.398% | $48K | $337K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0208% | 1h | 187.48 | −0.414% | $159.1M | $74.1M | 10x | as long as short |
| Nado SKHY-PERP | −0.0186% | 1h | 187.70 | −0.296% | $33K | $28K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0185% | 1h | 187.44 | −0.436% | $181K | $487K | 10x | as long as short |
| Popdex SKHYUSDT | −0.0152% | 1h | 187.56 | −0.372% | $197K | $274K | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0138% | 1h | 187.47 | −0.419% | $47K | $19K | 20x | as long as short |
| Lighter SKHY | −0.0112% | 1h | 187.38 | −0.467% | $946K | $1.1M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | −0.271% | $63K | $902K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0087% | 1h | 187.96 | −0.159% | $517K | $2.6M | 10x | as long as short |
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Polymarket Perps SKHY-USD
Popdex SKHYUSDT
Kraken Futures PF_SKHYUSD
Lighter SKHY
Coinbase International SKHY-PERP-INTX
Ondo Perps SKHY-USD.PShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 187.56 | −0.372% | $1.2M | $4.1M | 10x | as long as short |
| edgeX SKHYUSDC | −0.0044% | 4h | 187.50 | −0.404% | $565K | $290K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 187.52 | −0.393% | $227K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.47 | −0.420% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 187.54 | −0.382% | $200.9M | $435.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.55 | −0.377% | $15.9M | $30.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.54 | −0.382% | $44.7M | $77.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.45 | −0.430% | $25.3M | $20.1M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.55 | −0.376% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.52 | −0.393% | $22K | $226K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.76 | −0.266% | $687 | $6.1M | 10x | as long as short |
| HTX SKHY-USDTshort | 0.0000% | 8h | 187.39 | −0.462% | $155K | $370K | 50x | |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.44 | −0.436% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 187.38 | −0.467% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.52 | −0.393% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.54 | −0.382% | — | $23K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.45 | −0.430% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 187.62 | −0.340% | $1.1M | $326K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.47 | −0.420% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.41 | −0.452% | $2.2M | $419K | 50x | as long as short |
| Phoenix SKHYlong | +0.0213% | 1h | 188.26 | long leg | $211K | $115K | 10x |
QFEX SKHY-USD
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Phemex SKHYUSDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT