Funding you earn now, next payment 08:00 UTC+0.0215%/8h= +23.5% APRpaid last 24h +0.092%
Price spread now: Phoenix against SunX+0.196%7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1421.421% of the position
Funding, last 7 days+0.323%+$32 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.196%, 7d avg −0.019%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.215% dearer against SunX than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.019%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX SKHY-USDT | 184.11 | 0 | get 0.0000% / 8h | 7h 29m | $674 | $5.9M | 10x |
| Short | Phoenix SKHY | 184.47 | 0.0215 | get 0.0027% / 1h | 29m 12s | $207K | $123K | 10x |
SunX SKHY-USDT
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $45.12
- Price spread: +0.196% → −0.019%
- $21.5
- Slippage, 4 orders
- −$127.06
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$75.44
- Costs to cover
- 1.421%
- Break-even
- 18.7 days
Slippage from SunX: live order book, 10 min ago; Phoenix: live order book, 62 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, 10 min ago | 29.43 bp | 47.7 bp −$48 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 62 min ago | 3.21 bp | 10.7 bp −$11 | 22.7 bp −$227 | 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 | −0.1203% | 8h | 183.90 | −0.114% | $25.3M | $34.6M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0780% | 4h | 184.05 | −0.035% | $555K | $291K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | −0.0485% | 8h | 184.07 | −0.022% | $22K | $245K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0248% | 8h | 183.86 | −0.136% | $1.1M | $370K | 20x | as long as short |
| HTX SKHY-USDT | −0.0141% | 8h | 183.77 | −0.185% | $152K | $376K | 50x | as long as short |
| Bybit SKHYUSDT | −0.0115% | 8h | 183.78 | −0.179% | $16.0M | $33.2M | 100x | as long as short |
| tradeXYZ xyz:SKHY | −0.0074% | 1h | 183.70 | −0.223% | $155.6M | $78.3M | 10x | as long as short |
| Extended SKHY-USD | −0.0064% | 1h | 183.81 | −0.165% | $53K | $7K | 10x | as long as short |
| Binance SKHYUSDT | −0.0062% | 8h | 183.84 | −0.147% | $195.6M | $465.3M | 50x | as long as short |
| Nado SKHY-PERP | −0.0047% | 1h | 183.95 | −0.089% | $32K | $28K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
GRVT SKHY_USDT_Perp
KuCoin SKHYUSDTM
HTX SKHY-USDT
Bybit SKHYUSDT
tradeXYZ xyz:SKHY
Extended SKHY-USD
Binance SKHYUSDT
Nado SKHY-PERPShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0028% | 1h | 183.80 | −0.168% | $1.2M | $4.3M | 10x | as long as short |
| Variational Omni SKHY | −0.0024% | 8h | 184.21 | +0.057% | $1.6M | $1.0M | — | as long as short |
| Ondo Perps SKHY-USD.P | −0.0022% | 1h | 183.79 | −0.174% | $510K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 184.08 | −0.016% | $265K | $951K | 50x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 183.80 | −0.168% | $43.5M | $81.3M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 183.78 | −0.179% | $25.6M | $21.6M | 75x | as long as short |
| SunX SKHY-USDTlong | 0.0000% | 8h | 184.11 | long leg | $674 | $5.9M | 10x | |
| Phemex SKHYUSDT | 0.0000% | 8h | 183.86 | −0.136% | $1.5M | $1.1M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0024% | 1h | 183.79 | −0.174% | $66K | $756K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 183.76 | −0.190% | $976K | $1.3M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 183.72 | −0.212% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 183.85 | −0.141% | $59K | $173K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 183.80 | −0.168% | — | $38K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 183.81 | −0.163% | $196K | $294K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 183.73 | −0.206% | $178K | $451K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 183.79 | −0.174% | $41K | $12K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0058% | 8h | 183.77 | −0.185% | $2.1M | $439K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 183.85 | −0.141% | $2K | $4K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0131% | 1h | 183.84 | −0.147% | $47K | $353K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0172% | 1h | 183.87 | −0.131% | $47K | $20K | 20x | as long as short |
| Phoenix SKHYshort | +0.0215% | 1h | 184.47 | +0.196% | $207K | $123K | 10x |
QFEX SKHY-USD
Variational Omni SKHY
Ondo Perps SKHY-USD.P
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
Deribit SKHY_USDC-PERPETUAL
Kraken Futures PF_SKHYUSD