SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0345%/8h= −37.8% APRnext payment −$0.43 per $10,000 · paid last 24h −0.089%

Price spread now: tradeXYZ against Phoenix−0.096%81s7-day average −0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.460% of the position

Long on Phoenix Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.362%−$36 on $10k

Price spread, last 4 days (all we have)−2.137%−$214 · spread now −0.096%, 7d avg −0.167%

Together, before fees−2.498%+ Points / potential airdroptradeXYZ: Active · farm board−$250 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.070% dearer against Phoenix than usual: you sell high and buy low (spread −0.096% now, against its 7-day average of −0.167%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.362% in total) that is about 33 hours. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SKHY	186.78	0.0129	pay 0.0016% / 1h	32m 02s	$209K	$123K	10x
Short	tradeXYZ xyz:SKHY	186.60	−0.0216	pay 0.0027% / 1h	32m 02s	$158.5M	$76.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$72.43
Price spread: −0.096% → −0.167%: $7.03
Slippage, 4 orders: −$21.01
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$111.41
Costs to cover: 0.460%
Break-even: never at this rate

Slippage from Phoenix: live order book, 65 min ago; tradeXYZ: live order book, 8 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, 65 min ago	3.75 bp	12.7 bp −$13	27.5 bp −$275	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.54 bp	10.6 bp −$11	12.3 bp −$123	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	−0.1265%	8h	186.75	−0.016%	$25.4M	$33.1M	20x	as long as short
edgeX SKHYUSDC	−0.0749%	4h	186.53	−0.132%	$562K	$291K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.66	−0.064%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHYshort	−0.0216%	1h	186.60	−0.096%	$158.5M	$76.9M	10x
Nado SKHY-PERP	−0.0172%	1h	186.72	−0.030%	$33K	$28K	10x	as long as short
Popdex SKHYUSDT	−0.0128%	1h	186.65	−0.070%	$204K	$288K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0124%	1h	186.56	−0.118%	$180K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.428%	$68K	$905K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0071%	1h	186.61	−0.091%	$49K	$347K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.65	−0.070%	$1.2M	$4.3M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin SKHYUSDTM	−0.0037%	8h	186.59	−0.102%	$1.1M	$328K	20x	as long as short
Lighter SKHY	−0.0008%	1h	186.53	−0.134%	$974K	$1.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.70	−0.045%	$223K	$925K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.53	−0.134%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.60	−0.096%	$200.6M	$450.6M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.59	−0.102%	$16.7M	$29.4M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.56	−0.118%	$44.7M	$79.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.53	−0.134%	$25.5M	$21.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.58	−0.108%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.63	−0.080%	$22K	$233K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.79	+0.005%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.45	−0.177%	$155K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.55	−0.123%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0019%	1h	186.60	−0.096%	$521K	$2.6M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.51	−0.145%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.62	−0.086%	$60K	$171K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.65	−0.070%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.51	−0.145%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.58	−0.107%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.65	−0.070%	$2.2M	$426K	50x	as long as short
Phoenix SKHYlong	+0.0129%	1h	186.78	long leg	$209K	$123K	10x