SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.021%

Price spread now: Deribit against Popdex+0.064%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Popdex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.064%, 7d avg +0.011%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.053% dearer against Popdex than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.011%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 4 days (−0.056% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex SKHYUSDT	186.70	−0.0168	get 0.0021% / 1h	23m 43s	$197K	$275K	20x
Short	Deribit SKHY_USDC-PERPETUAL	186.82	−0.0178	pay 0.0022% / 1h	23m 43s	$49K	$343K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Popdex. 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 PopdexbpFee DeribitbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$2.13
Price spread: +0.064% → +0.011%: $5.29
Slippage, 4 orders: −$27.89
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$38.12
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Popdex: live order book, 20 min ago; Deribit: live order book, 20 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 Popdex live order book, 20 min ago	1.07 bp	5.6 bp −$6	10.5 bp −$105	doesn't fit	doesn't fit
Sell Deribit live order book, 20 min ago	6.16 bp	14.8 bp −$15	17.7 bp −$177	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	−0.1300%	8h	187.01	+0.166%	$25.1M	$31.7M	20x	as long as short
edgeX SKHYUSDC	−0.0762%	4h	186.50	−0.109%	$562K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0188%	1h	186.72	+0.013%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0179%	1h	186.88	+0.096%	$158.8M	$74.7M	10x	as long as short
Deribit SKHY_USDC-PERPETUALshort	−0.0178%	1h	186.82	+0.064%	$49K	$343K	10x
Popdex SKHYUSDTlong	−0.0168%	1h	186.70	long leg	$197K	$275K	20x
Polymarket Perps SKHY-USD	−0.0165%	1h	186.60	−0.054%	$180K	$487K	10x	as long as short
Kraken Futures PF_SKHYUSD	−0.0139%	1h	186.67	−0.014%	$48K	$20K	20x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0104%	1h	187.75	+0.562%	$63K	$901K	10x	as long as short
Lighter SKHY	−0.0080%	1h	186.85	+0.080%	$956K	$1.1M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX SKHY-USD	−0.0049%	1h	186.67	−0.016%	$1.2M	$4.2M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0038%	1h	186.39	−0.166%	$515K	$2.6M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.88	+0.098%	$226K	$919K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.80	+0.053%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.86	+0.086%	$199.4M	$439.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.94	+0.129%	$15.9M	$29.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.77	+0.037%	$44.6M	$77.7M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.91	+0.112%	$25.6M	$20.5M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.64	−0.031%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.51	−0.102%	$22K	$230K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.88	+0.096%	$684	$6.1M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.65	−0.027%	$155K	$366K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.78	+0.043%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.82	+0.064%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.51	−0.102%	$59K	$165K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.72	+0.011%	—	$24K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.64	−0.032%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0081%	8h	186.79	+0.048%	$1.1M	$327K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.71	+0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.58	−0.064%	$2.2M	$421K	50x	as long as short
Phoenix SKHY	+0.0213%	1h	186.53	−0.091%	$209K	$115K	10x	as long as short