Funding you earn now, next payment 06:00 UTC−0.0269%/8h= −29.4% APRnext payment −$0.34 per $10,000 · paid last 24h −0.080%
Price spread now: Ondo Perps against Phoenix−0.113%7-day average −0.167% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.230%−$23 on $10k
+Price spread, last 4 days (all we have)−0.303%−$30 · spread now −0.113%, 7d avg −0.167%
=Together, before fees−0.533%+ Points / potential airdropOndo Perps: Active · farm board−$53 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Ondo Perps is 0.055% dearer against Phoenix than usual: you sell high and buy low (spread −0.113% now, against its 7-day average of −0.167%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.230% in total) that is about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 186.53 | 0.0213 | pay 0.0027% / 1h | 29m 23s | $209K | $115K | 10x |
| Short | Ondo Perps SKHY-USD.P | 186.32 | −0.0056 | pay 0.0007% / 1h | 29m 23s | $514K | $2.6M | 10x |
Phoenix SKHY
Ondo Perps SKHY-USD.PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Ondo Perps 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
- −$56.42
- Price spread: −0.113% → −0.167%
- $5.46
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Net
- −$62.96
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 7 min ago; Ondo Perps: 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, 7 min ago | 3.75 bp | 12.7 bp −$13 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Ondo Perps no order-book sample | — | — | — | — | — |
Ondo Perps: 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.1283% | 8h | 186.80 | +0.145% | $25.1M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0284% | 4h | 186.40 | −0.070% | $562K | $292K | 10x | as long as short |
| Nado SKHY-PERP | −0.0199% | 1h | 186.73 | +0.108% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0193% | 1h | 186.55 | +0.011% | $158.5M | $74.7M | 10x | as long as short |
| Popdex SKHYUSDT | −0.0192% | 1h | 186.60 | +0.038% | $197K | $275K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0180% | 1h | 186.51 | −0.011% | $180K | $487K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 186.66 | +0.068% | $47K | $19K | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0125% | 1h | 186.62 | +0.048% | $49K | $342K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.654% | $63K | $902K | 10x | as long as short |
| Lighter SKHY | −0.0088% | 1h | 186.64 | +0.059% | $954K | $1.1M | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
Kraken Futures PF_SKHYUSD
Deribit SKHY_USDC-PERPETUAL
Coinbase International SKHY-PERP-INTX
Lighter SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps SKHY-USD.Pshort | −0.0056% | 1h | 186.32 | −0.113% | $514K | $2.6M | 10x | |
| QFEX SKHY-USD | −0.0049% | 1h | 186.59 | +0.032% | $1.2M | $4.2M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.71 | +0.099% | $226K | $919K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.54 | +0.003% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.58 | +0.027% | $199.2M | $439.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.62 | +0.048% | $15.9M | $29.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.57 | +0.021% | $44.6M | $77.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.59 | +0.032% | $25.5M | $20.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.43 | −0.052% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.39 | −0.075% | $22K | $229K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.95 | +0.225% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.51 | −0.011% | $155K | $367K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.63 | +0.054% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.61 | +0.043% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.41 | −0.064% | $59K | $166K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.61 | +0.043% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.60 | +0.038% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0087% | 8h | 186.56 | +0.016% | $1.1M | $329K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.59 | +0.032% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.47 | −0.032% | $2.2M | $420K | 50x | as long as short |
| Phoenix SKHYlong | +0.0213% | 1h | 186.53 | long leg | $209K | $115K | 10x |
QFEX SKHY-USD
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
HTX 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