SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.1% APRnext payment −$0.06 per $10,000 · paid last 24h −0.010%

Price spread now: QFEX against tradeXYZ+0.031%7-day average +0.008% · 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−$30as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on tradeXYZ Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.031%, 7d avg +0.008%

Together, before fees−0.044%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.023% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of +0.008%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 4 days (−0.024% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:SKHY	192.61	0.0050	pay 0.0006% / 1h	25m 28s	$161.2M	$67.2M	10x
Short	QFEX SKHY-USD	192.67	0.0004	get 0.0000% / 1h	25m 28s	$1.2M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against tradeXYZ. 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 tradeXYZbpFee QFEXbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$9.69
Price spread: +0.031% → +0.008%: $2.27
Slippage, 4 orders: −$3.9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$39.32
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; QFEX: 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, 3 min ago	0.78 bp	10.0 bp −$10	11.1 bp −$111	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.04 bp	6.0 bp −$6	9.5 bp −$95	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	−0.0894%	4h	192.62	+0.004%	$581K	$289K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	+0.151%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.72	+0.057%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.68	+0.037%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.73	+0.060%	$206.5M	$389.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.71	+0.052%	$15.7M	$27.3M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.72	+0.057%	$46.7M	$69.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.67	+0.031%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.70	+0.044%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.68	+0.036%	$23K	$195K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.99	+0.197%	$707	$6.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.66	+0.026%	$160K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.74	+0.067%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USDshort	+0.0004%	1h	192.67	+0.031%	$1.2M	$4.3M	10x
Lighter SKHY	+0.0032%	1h	192.59	−0.010%	$1.0M	$688K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.61	0.000%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.70	+0.047%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.69	+0.042%	—	$11K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.70	+0.047%	$199K	$256K	20x	as long as short
tradeXYZ xyz:SKHYlong	+0.0050%	1h	192.61	long leg	$161.2M	$67.2M	10x
Polymarket Perps SKHY-USD	+0.0050%	1h	192.61	0.000%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.69	+0.042%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.65	+0.021%	$584K	$2.2M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.72	+0.057%	$1.1M	$290K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.73	+0.062%	$2K	$4K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0113%	1h	192.74	+0.067%	$49K	$295K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.65	+0.021%	$2.2M	$445K	50x	as long as short
Bitget SKHYUSDT	+0.0135%	8h	192.75	+0.073%	$25.4M	$26.7M	20x	as long as short
Nado SKHY-PERP	+0.0167%	1h	192.74	+0.069%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0332%	1h	192.88	+0.140%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0546%	1h	192.83	+0.114%	$51K	$17K	20x	as long as short