Funding you earn now, next payment 05:00 UTC−0.0204%/8h= −22.4% APRnext payment −$0.26 per $10,000 · paid last 24h −0.081%
Price spread now: SoDEX against Phoenix−0.359%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SoDEX is 0.359% cheaper against Phoenix than usual: you would sell low and buy high (−$36 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| 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 | 46m 32s | $212K | $124K | 10x |
| Short | SoDEX SKHY-USD | 188.62 | 0.0050 | get 0.0006% / 1h | 46m 32s | $42K | $13K | 10x |
Phoenix SKHY
SoDEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$42.88
- Price spread: −0.359% → 0.000%
- −$35.92
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$93.81
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 60 min ago; SoDEX: 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, 60 min ago | 3.67 bp | 12.5 bp −$12 | 27.0 bp −$270 | doesn't fit | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | −0.0528% | 8h | 188.84 | −0.243% | $24.4M | $29.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0291% | 4h | 188.98 | −0.167% | $570K | $291K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0174% | 1h | 188.57 | −0.386% | $48K | $333K | 10x | as long as short |
| Nado SKHY-PERP | −0.0056% | 1h | 188.93 | −0.195% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 188.72 | −0.306% | $46K | $882K | 10x | as long as short |
| QFEX SKHY-USD | −0.0014% | 1h | 188.87 | −0.227% | $1.2M | $4.1M | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0009% | 1h | 188.83 | −0.248% | $158.4M | $70.5M | 10x | as long as short |
| Lighter SKHY | 0.0000% | 1h | 188.78 | −0.275% | $1.0M | $741K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.94 | −0.188% | $243K | $897K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.82 | −0.254% | $55K | $7K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
tradeXYZ xyz:SKHY
Lighter 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 | 188.88 | −0.222% | $200.0M | $416.1M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.81 | −0.259% | $15.5M | $29.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.78 | −0.275% | $45.0M | $74.3M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.86 | −0.232% | $25.2M | $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 | 188.84 | −0.243% | $691 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.56 | −0.391% | $156K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.62 | −0.359% | $1.5M | $1.1M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0027% | 1h | 188.73 | −0.301% | $190K | $480K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.79 | −0.269% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.83 | −0.248% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.84 | −0.243% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.81 | −0.259% | $199K | $259K | 20x | as long as short |
| SoDEX SKHY-USDshort | +0.0050% | 1h | 188.62 | −0.359% | $42K | $13K | 10x | |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.57 | −0.386% | $525K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 188.87 | −0.227% | $1.1M | $314K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.56 | −0.391% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.62 | −0.359% | $2.2M | $440K | 50x | as long as short |
| Phoenix SKHYlong | +0.0254% | 1h | 189.30 | long leg | $212K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0259% | 1h | 188.58 | −0.382% | $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
Polymarket Perps SKHY-USD
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD