Funding you earn now, next payment 05:00 UTC−0.0268%/8h= −29.4% APRnext payment −$0.34 per $10,000 · paid last 24h −0.097%
Price spread now: QFEX against Phoenix−0.143%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$380.376% of the position
Funding, last 4 days (all we have)−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)−0.362%−$36 · spread now −0.143%, 7d avg −0.151%
=The price spread sits at its 7-day average of −0.151%, so right now this pair is about funding alone: −$8 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 | 189.30 | 0.0254 | pay 0.0032% / 1h | 48m 56s | $212K | $124K | 10x |
| Short | QFEX SKHY-USD | 189.03 | −0.0014 | pay 0.0002% / 1h | 48m 56s | $1.2M | $4.1M | 10x |
Phoenix SKHY
QFEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$56.36
- Price spread: −0.143% → −0.151%
- $0.88
- Slippage, 4 orders
- −$20.56
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$93.03
- Costs to cover
- 0.376%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 58 min ago; QFEX: live order book, 5 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, 58 min ago | 3.67 bp | 12.5 bp −$12 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 5 min ago | 1.32 bp | 6.3 bp −$6 | 8.2 bp −$82 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0521% | 4h | 189.00 | −0.157% | $570K | $290K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0501% | 8h | 189.11 | −0.100% | $24.4M | $29.7M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0173% | 1h | 189.01 | −0.153% | $48K | $333K | 10x | as long as short |
| Nado SKHY-PERP | −0.0047% | 1h | 189.24 | −0.031% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 189.12 | −0.095% | $43K | $880K | 10x | as long as short |
| QFEX SKHY-USDshort | −0.0014% | 1h | 189.03 | −0.143% | $1.2M | $4.1M | 10x | |
| Lighter SKHY | −0.0008% | 1h | 188.93 | −0.195% | $997K | $731K | 10x | as long as short |
| tradeXYZ xyz:SKHY | 0.0000% | 1h | 188.91 | −0.206% | $158.4M | $70.4M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.06 | −0.125% | $243K | $897K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.85 | −0.238% | $55K | $7K | 10x | as long as short |
edgeX SKHYUSDC
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
Coinbase International SKHY-PERP-INTX
Lighter SKHY
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SKHYUSDT | 0.0000% | 8h | 188.91 | −0.204% | $200.0M | $415.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.96 | −0.180% | $15.5M | $29.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.91 | −0.206% | $45.0M | $74.3M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.93 | −0.195% | $25.3M | $20.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 189.17 | −0.068% | $1.6M | $986K | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.15 | −0.078% | $22K | $218K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.29 | −0.005% | $693 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.96 | −0.180% | $157K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.97 | −0.174% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.93 | −0.195% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 189.06 | −0.127% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.15 | −0.079% | — | $12K | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0048% | 1h | 188.94 | −0.190% | $190K | $480K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.08 | −0.116% | $199K | $259K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.96 | −0.180% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.95 | −0.185% | $527K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 188.98 | −0.169% | $1.1M | $314K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.03 | −0.143% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.93 | −0.195% | $2.2M | $441K | 50x | as long as short |
| Phoenix SKHYlong | +0.0254% | 1h | 189.30 | long leg | $212K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0259% | 1h | 189.01 | −0.151% | $48K | $19K | 20x | as long as short |
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
Polymarket Perps SKHY-USD
Popdex SKHYUSDT
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD