Funding you earn now, next payment 05:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.002%
Price spread now: Bybit against QFEX−0.037%7-day average +0.035% · 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−$300.303% of the position
Funding, last 4 days (all we have)+0.038%+$4 on $10k
+Price spread, last 7 days+0.062%+$6 · spread now −0.037%, 7d avg +0.035%
=Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.071% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.035%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SKHY-USD | 190.78 | 0.0011 | pay 0.0001% / 1h | 48m 27s | $1.2M | $4.0M | 10x |
| Short | Bybit SKHYUSDT | 190.71 | 0 | get 0.0000% / 8h | 3h 48m | $15.5M | $28.3M | 100x |
QFEX SKHY-USD
Bybit SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against QFEX. 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
- −$2.3
- Price spread: −0.037% → +0.035%
- −$7.14
- Slippage, 4 orders
- −$9.35
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$39.78
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 5 min ago; Bybit: 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 QFEX live order book, 5 min ago | 1.83 bp | 6.8 bp −$7 | 9.1 bp −$91 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.26 bp | 9.8 bp −$10 | 13.0 bp −$130 | 74.1 bp −$7,405 | 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 | −0.0312% | 4h | 191.61 | +0.437% | $578K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.080% | $45K | $861K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0017% | 1h | 190.59 | −0.100% | $159.4M | $68.8M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.65 | −0.070% | $247K | $891K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 190.65 | −0.068% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 190.83 | +0.026% | $200.7M | $400.7M | 50x | as long as short |
| Bybit SKHYUSDTshort | 0.0000% | 8h | 190.71 | −0.037% | $15.5M | $28.3M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 190.68 | −0.052% | $46.0M | $72.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 190.74 | −0.021% | $25.7M | $19.2M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.77 | −0.005% | $24.4M | $28.1M | 20x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 191.43 | +0.341% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 191.64 | +0.451% | $22K | $209K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 191.16 | +0.199% | $700 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 190.70 | −0.042% | $159K | $370K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 190.77 | −0.005% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USDlong | +0.0011% | 1h | 190.78 | long leg | $1.2M | $4.0M | 10x | |
| Lighter SKHY | +0.0032% | 1h | 190.58 | −0.105% | $1.0M | $691K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 190.55 | −0.121% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 191.09 | +0.162% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.67 | −0.058% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 190.82 | +0.021% | $201K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 190.76 | −0.010% | $182K | $460K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 190.72 | −0.031% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 190.52 | −0.136% | $549K | $2.5M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.66 | −0.063% | $1.1M | $322K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 190.84 | +0.031% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0119% | 1h | 190.71 | −0.035% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.70 | −0.042% | $2.2M | $435K | 50x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0327% | 1h | 190.87 | +0.047% | $48K | $325K | 10x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 191.05 | +0.142% | $214K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0686% | 1h | 190.87 | +0.045% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
Phoenix SKHY
Kraken Futures PF_SKHYUSD