SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0381%/8h= +41.7% APRnext payment +$0.48 per $10,000 · paid last 24h +0.089%

Price spread now: Phoenix against QFEX+0.058%52s7-day average +0.150% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.348% of the position

Long on QFEX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.112%+$11 on $10k

Price spread, last 3 days (all we have)+0.446%+$45 · spread now +0.058%, 7d avg +0.150%

Together, before fees+0.558%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.092% cheaper against QFEX than usual: you would sell low and buy high (spread +0.058% now, against its 7-day average of +0.150%). If the spread goes back, that is −$9 on $10k: about 19 hours of funding at the current rate (+$11 a day). At the pace of the last 3 days (+0.112% in total) that is about 2.8 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.112% in total (about 12.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX SKHY-USD	189.63	0.0000	get 0.0000% / 1h	18m 03s	$1.2M	$5.3M	10x
Short	Phoenix SKHY	189.74	0.0380	get 0.0048% / 1h	18m 03s	$214K	$128K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against QFEX. 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 QFEXbpFee PhoenixbpOrdersPrice spread, now +0.058%Rate

Funding earned: $79.96
Price spread: +0.058% → +0.150%: −$9.18
Slippage, 4 orders: −$17.75
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $36.03
Costs to cover: 0.348%
Break-even: 3.8 days

Slippage from QFEX: live order book, 6 min ago; Phoenix: live order book, 54 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, 6 min ago	1.32 bp	6.3 bp −$6	7.2 bp −$72	16.8 bp −$1,681	doesn't fit
Sell Phoenix live order book, 54 min ago	3.17 bp	11.1 bp −$11	23.3 bp −$233	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	−0.0782%	4h	189.50	−0.070%	$571K	$289K	10x	as long as short
Nado SKHY-PERP	−0.0044%	1h	189.64	+0.006%	$28K	$2K	10x	as long as short
QFEX SKHY-USDlong	0.0000%	1h	189.63	long leg	$1.2M	$5.3M	10x
Aster SKHYUSDT	0.0000%	8h	189.65	+0.008%	$252K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.61	−0.008%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.65	+0.011%	$212.1M	$377.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.74	+0.058%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.67	+0.021%	$47.1M	$61.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.64	+0.005%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.72	+0.047%	$25.4M	$25.7M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.53	−0.053%	$1.6M	$2.6M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.54	−0.047%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.95	+0.169%	$695	$7.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.63	0.000%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.67	+0.021%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0011%	8h	189.55	−0.042%	$1.1M	$283K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.58	−0.026%	$1.0M	$689K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.55	−0.042%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.68	+0.026%	$56K	$156K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.60	−0.016%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.67	+0.021%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.63	0.000%	$164.6M	$65.2M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.60	−0.016%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.64	+0.005%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.52	−0.058%	$557K	$1.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0066%	1h	189.69	+0.032%	$46K	$255K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.64	+0.005%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.70	+0.037%	$2.2M	$415K	50x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0128%	1h	189.72	+0.047%	$169K	$687K	10x	as long as short
Phoenix SKHYshort	+0.0380%	1h	189.74	+0.058%	$214K	$128K	10x
Kraken Futures PF_SKHYUSD	+0.0950%	1h	189.78	+0.077%	$50K	$24K	20x	as long as short