Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.013%
Price spread now: Coinbase International against SunX−0.243%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1401.401% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.302%+$30 · spread now −0.243%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.213% cheaper against SunX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SKHY-USDT | 193.37 | 0 | get 0.0000% / 8h | 5h 07m | $708 | $6.3M | 10x |
| Short | Coinbase International SKHY-PERP-INTX | 192.90 | −0.0032 | pay 0.0004% / 1h | 7m 16s | $45K | $874K | 10x |
SunX SKHY-USDT
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against SunX. 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
- −$6.72
- Price spread: −0.243% → −0.030%
- −$21.29
- Slippage, 4 orders
- −$122.14
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$168.15
- Costs to cover
- 1.401%
- Break-even
- never at this rate
Slippage from SunX: live order book, 12 min ago; Coinbase International: live order book, 56 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 SunX live order book, 12 min ago | 29.46 bp | 47.9 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 56 min ago | 4.41 bp | 10.6 bp −$11 | 17.9 bp −$179 | 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 | −0.0868% | 4h | 192.94 | −0.224% | $582K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0032% | 1h | 192.90 | −0.243% | $45K | $874K | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 192.97 | −0.205% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.03 | −0.175% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.08 | −0.152% | $205.3M | $392.7M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.12 | −0.129% | $15.8M | $27.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.09 | −0.145% | $46.6M | $70.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.02 | −0.181% | $25.8M | $19.1M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.00 | −0.193% | $1.6M | $1.2M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.98 | −0.200% | $22K | $198K | 10x | as long as short |
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDTlong | 0.0000% | 8h | 193.37 | long leg | $708 | $6.3M | 10x | |
| HTX SKHY-USDT | 0.0000% | 8h | 192.99 | −0.197% | $161K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.02 | −0.181% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 192.99 | −0.197% | $1.2M | $4.3M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.91 | −0.238% | $1.0M | $691K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.88 | −0.253% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.99 | −0.197% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.00 | −0.191% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.06 | −0.160% | $200K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.97 | −0.207% | $161.5M | $67.4M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.94 | −0.222% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.02 | −0.181% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.98 | −0.202% | $567K | $2.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0061% | 1h | 193.14 | −0.119% | $49K | $303K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.99 | −0.197% | $1.1M | $296K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.05 | −0.165% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 192.96 | −0.212% | $2.2M | $437K | 50x | as long as short |
| Nado SKHY-PERP | +0.0171% | 1h | 192.99 | −0.198% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0180% | 8h | 193.04 | −0.171% | $25.4M | $26.8M | 20x | as long as short |
| Phoenix SKHY | +0.0332% | 1h | 193.15 | −0.114% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0545% | 1h | 193.21 | −0.081% | $51K | $17K | 20x | as long as short |
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Nado SKHY-PERP
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD