Funding you earn now, next payment 05:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.03 per $10,000 · paid last 24h −0.002%
Price spread now: Coinbase International against tradeXYZ−0.079%7-day average +0.141% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$490.492% of the position
Funding, last 7 days−0.042%−$4 on $10k
+Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.079%, 7d avg +0.141%
=Together, before fees+0.060%+ Points / potential airdroptradeXYZ: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.220% cheaper against tradeXYZ than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.141%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SKHY | 188.87 | −0.0003 | get 0.0000% / 1h | 45m 39s | $158.4M | $70.6M | 10x |
| Short | Coinbase International SKHY-PERP-INTX | 188.72 | −0.0024 | pay 0.0003% / 1h | 45m 39s | $46K | $882K | 10x |
tradeXYZ xyz:SKHY
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against tradeXYZ. 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
- −$4.32
- Price spread: −0.079% → +0.141%
- −$22.01
- Slippage, 4 orders
- −$21.23
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$75.56
- Costs to cover
- 0.492%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 4 min ago; Coinbase International: live order book, 3 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 tradeXYZ live order book, 4 min ago | 0.26 bp | 9.7 bp −$10 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 9.81 bp | 14.8 bp −$15 | 17.7 bp −$177 | 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 | −0.0700% | 4h | 188.57 | −0.158% | $568K | $292K | 10x | as long as short |
| Bitget SKHYUSDT | −0.0534% | 8h | 189.01 | +0.074% | $24.4M | $29.7M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0068% | 1h | 188.83 | −0.021% | $48K | $334K | 10x | as long as short |
| Nado SKHY-PERP | −0.0056% | 1h | 188.93 | +0.032% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0024% | 1h | 188.72 | −0.079% | $46K | $882K | 10x | |
| QFEX SKHY-USD | −0.0014% | 1h | 188.88 | +0.005% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | −0.0008% | 1h | 188.81 | −0.032% | $1.0M | $741K | 10x | as long as short |
| tradeXYZ xyz:SKHYlong | −0.0003% | 1h | 188.87 | long leg | $158.4M | $70.6M | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 188.94 | +0.039% | $243K | $897K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.87 | +0.001% | $55K | $7K | 10x | as long as short |
edgeX SKHYUSDC
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
QFEX SKHY-USD
Lighter SKHY
Aster SKHYUSDT
Extended SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance SKHYUSDT | 0.0000% | 8h | 188.88 | +0.007% | $200.0M | $416.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.95 | +0.042% | $15.5M | $29.4M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.91 | +0.021% | $45.0M | $74.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.89 | +0.011% | $25.2M | $20.1M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.80 | −0.036% | $1.6M | $986K | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.82 | −0.026% | $22K | $218K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.16 | +0.154% | $692 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.78 | −0.048% | $156K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.79 | −0.042% | $1.5M | $1.1M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0027% | 1h | 188.73 | −0.074% | $190K | $480K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.81 | −0.032% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.82 | −0.026% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.84 | −0.016% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.94 | +0.037% | $199K | $259K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.77 | −0.053% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.57 | −0.159% | $525K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 188.85 | −0.011% | $1.1M | $315K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.80 | −0.037% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.62 | −0.132% | $2.2M | $440K | 50x | as long as short |
| Phoenix SKHY | +0.0254% | 1h | 189.30 | +0.228% | $212K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0259% | 1h | 188.79 | −0.041% | $48K | $19K | 20x | as long as short |
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Polymarket Perps SKHY-USD
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD