SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0215%/8h= +23.5% APRnext payment +$0.27 per $10,000 · paid last 24h +0.070%

Price spread now: Kraken Futures against Phoenix−0.110%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.391%+$39 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Kraken Futures is 0.110% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 41 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SKHY	192.88	0.0332	pay 0.0042% / 1h	27m 11s	$216K	$124K	10x
Short	Kraken Futures PF_SKHYUSD	192.67	0.0547	get 0.0068% / 1h	27m 11s	$51K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee PhoenixbpFee Kraken FuturesbpOrdersPrice spread, now −0.110%Rate

Funding earned: $45.11
Price spread: −0.110% → 0.000%: −$11
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $17.11
Costs to cover: 0.170%
Break-even: 4.3 days

Slippage unknown: Phoenix: live order book, 30 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 30 min ago	3.62 bp	11.9 bp −$12	25.6 bp −$256	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0139%	4h	192.84	−0.022%	$581K	$289K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.010%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.64	−0.124%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.57	−0.159%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.64	−0.126%	$206.4M	$389.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.63	−0.130%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.64	−0.124%	$46.6M	$69.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.58	−0.156%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.94	+0.029%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.82	−0.031%	$23K	$195K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.93	+0.026%	$706	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.59	−0.150%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.64	−0.124%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	192.56	−0.166%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.50	−0.197%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.51	−0.192%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.75	−0.067%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.60	−0.145%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.61	−0.140%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.51	−0.192%	$161.1M	$67.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.51	−0.192%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.63	−0.130%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.65	−0.119%	$585K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.63	−0.130%	$1.1M	$291K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.65	−0.119%	$2K	$4K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0114%	1h	192.60	−0.145%	$49K	$295K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.65	−0.119%	$2.2M	$445K	50x	as long as short
Bitget SKHYUSDT	+0.0140%	8h	192.75	−0.067%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0167%	1h	192.64	−0.124%	$38K	$26K	10x	as long as short
Phoenix SKHYlong	+0.0332%	1h	192.88	long leg	$216K	$124K	10x
Kraken Futures PF_SKHYUSDshort	+0.0547%	1h	192.67	−0.110%	$51K	$17K	20x