Funding you earn now, next payment 16:00 UTC−0.0425%/8h= −46.5% APRnext payment −$4.25 per $10,000 · paid last 24h 0.000%
Price spread now: GRVT against SunX+0.195%7-day average −0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$1331.330% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.196%−$20 · spread now +0.195%, 7d avg −0.125%
=Together, before fees−0.179%+ Points / potential airdropGRVT: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.320% dearer against SunX than usual: you sell high and buy low (spread +0.195% now, against its 7-day average of −0.125%): +$32 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.25 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 | SunX SKHY-USDT | 184.31 | 0 | get 0.0000% / 8h | 7h 30m | $675 | $5.9M | 10x |
| Short | GRVT SKHY_USDT_Perp | 184.67 | −0.0425 | pay 0.0425% / 8h | 7h 30m | $22K | $243K | 10x |
SunX SKHY-USDT
GRVT SKHY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$89.25
- Price spread: +0.195% → −0.125%
- $32.02
- Slippage, 4 orders
- −$115.98
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$190.21
- Costs to cover
- 1.330%
- Break-even
- never at this rate
Slippage from SunX: live order book, 8 min ago; GRVT: live order book, 2 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, 8 min ago | 29.43 bp | 47.7 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 1.63 bp | 6.1 bp −$6 | 8.6 bp −$86 | 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 | −0.1209% | 8h | 183.97 | −0.184% | $25.4M | $34.9M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0543% | 4h | 184.33 | +0.010% | $556K | $291K | 10x | as long as short |
| GRVT SKHY_USDT_Perpshort | −0.0425% | 8h | 184.67 | +0.195% | $22K | $243K | 10x | |
| KuCoin SKHYUSDTM | −0.0244% | 8h | 183.96 | −0.190% | $1.1M | $369K | 20x | as long as short |
| Bybit SKHYUSDT | −0.0142% | 8h | 183.90 | −0.222% | $16.2M | $33.0M | 100x | as long as short |
| tradeXYZ xyz:SKHY | −0.0083% | 1h | 183.79 | −0.282% | $155.7M | $78.3M | 10x | as long as short |
| HTX SKHY-USDT | −0.0058% | 8h | 183.98 | −0.179% | $153K | $376K | 50x | as long as short |
| Nado SKHY-PERP | −0.0055% | 1h | 184.08 | −0.123% | $32K | $28K | 10x | as long as short |
| Binance SKHYUSDT | −0.0053% | 8h | 183.98 | −0.179% | $195.8M | $465.1M | 50x | as long as short |
| Extended SKHY-USD | −0.0048% | 1h | 183.86 | −0.245% | $53K | $7K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
KuCoin SKHYUSDTM
Bybit SKHYUSDT
tradeXYZ xyz:SKHY
HTX SKHY-USDT
Nado SKHY-PERP
Binance SKHYUSDT
Extended SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps SKHY-USD.P | −0.0032% | 1h | 183.84 | −0.255% | $510K | $2.6M | 10x | as long as short |
| QFEX SKHY-USD | −0.0028% | 1h | 183.90 | −0.222% | $1.2M | $4.3M | 10x | as long as short |
| Variational Omni SKHY | −0.0024% | 8h | 184.21 | −0.052% | $1.6M | $1.0M | — | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 184.08 | −0.125% | $265K | $951K | 50x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 183.94 | −0.201% | $43.5M | $81.8M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 183.82 | −0.266% | $25.6M | $21.5M | 75x | as long as short |
| SunX SKHY-USDTlong | 0.0000% | 8h | 184.31 | long leg | $675 | $5.9M | 10x | |
| Phemex SKHYUSDT | 0.0000% | 8h | 184.09 | −0.119% | $1.5M | $1.1M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0024% | 1h | 183.79 | −0.282% | $66K | $761K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 183.76 | −0.298% | $976K | $1.3M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 183.72 | −0.320% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 183.93 | −0.206% | $59K | $173K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 184.05 | −0.141% | — | $38K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 183.96 | −0.190% | $196K | $294K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 184.11 | −0.109% | $178K | $451K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 184.01 | −0.163% | $41K | $12K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0069% | 8h | 184.06 | −0.136% | $2.1M | $439K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 184.14 | −0.092% | $2K | $4K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0172% | 1h | 184.13 | −0.097% | $47K | $20K | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0185% | 1h | 184.09 | −0.119% | $47K | $353K | 10x | as long as short |
| Phoenix SKHY | +0.0215% | 1h | 184.47 | +0.087% | $207K | $123K | 10x | as long as short |
Ondo Perps SKHY-USD.P
QFEX SKHY-USD
Variational Omni SKHY
Aster SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Phemex SKHYUSDT
Coinbase International SKHY-PERP-INTX
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
BloFin SKHY-USDT
Orderly PERP_SKHY_USDC_mythos
Kraken Futures PF_SKHYUSD
Deribit SKHY_USDC-PERPETUAL
Phoenix SKHY