Funding you earn now, next payment 05:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.096%
Price spread now: Phoenix against Variational Omni+0.173%114s7-day average +0.137% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.100%+$10 on $10k
+Price spread, last 4 days (all we have)+0.216%+$22 · spread now +0.173%, 7d avg +0.137%
=Together, before fees+0.316%+ Points / potential airdropVariational Omni: Active · farm board+$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.036% dearer against Variational Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.137%. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni SKHY | 187.18 | 0 | get 0.0000% / 8h | 2h 33m | $1.6M | $987K | — |
| Short | Phoenix SKHY | 187.50 | 0.0254 | get 0.0032% / 1h | 33m 39s | $210K | $124K | 10x |
Variational Omni SKHY
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Variational Omni. 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
- $53.38
- Price spread: +0.173% → +0.137%
- $3.64
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $50.02
- Costs to cover
- 0.070%
- Break-even
- 0.4 days
Slippage unknown: Variational Omni: RFQ quote, just now; Phoenix: live order book, 8 min ago. Net counts fees only.
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 Variational Omni RFQ quote, just now | 2.22 bp | doesn't fit | 4.3 bp −$43 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 8 min ago | 3.72 bp | 12.6 bp −$13 | 27.4 bp −$274 | 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 | −0.0831% | 8h | 186.99 | −0.099% | $24.6M | $30.2M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0392% | 1h | 186.92 | −0.137% | $48K | $334K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0109% | 4h | 187.39 | +0.113% | $565K | $291K | 10x | as long as short |
| Nado SKHY-PERP | −0.0093% | 1h | 187.03 | −0.076% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0075% | 1h | 186.56 | −0.329% | $157.5M | $72.4M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0042% | 1h | 186.86 | −0.169% | $188K | $480K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 187.36 | +0.098% | $47K | $878K | 10x | as long as short |
| Lighter SKHY | −0.0024% | 1h | 186.56 | −0.329% | $934K | $947K | 10x | as long as short |
| QFEX SKHY-USD | −0.0014% | 1h | 186.62 | −0.297% | $1.2M | $4.1M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.75 | −0.229% | $228K | $910K | 50x | as long as short |
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
edgeX SKHYUSDC
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
Lighter SKHY
QFEX SKHY-USD
Aster SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 186.57 | −0.323% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.61 | −0.302% | $198.5M | $422.4M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.66 | −0.276% | $15.4M | $29.6M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.56 | −0.329% | $44.3M | $74.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.64 | −0.286% | $25.1M | $20.3M | 75x | as long as short |
| Variational Omni SKHYlong | 0.0000% | 8h | 187.18 | long leg | $1.6M | $987K | — | |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 187.28 | +0.055% | $22K | $218K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.22 | +0.024% | $685 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.89 | −0.153% | $155K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.99 | −0.099% | $1.5M | $1.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0014% | 1h | 186.57 | −0.324% | $518K | $2.6M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.49 | −0.366% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.11 | −0.035% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.11 | −0.035% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 186.66 | −0.276% | $191K | $270K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.89 | −0.153% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 186.84 | −0.180% | $1.1M | $318K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.92 | −0.137% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 187.27 | +0.050% | $2.2M | $408K | 50x | as long as short |
| Phoenix SKHYshort | +0.0254% | 1h | 187.50 | +0.173% | $210K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0262% | 1h | 186.94 | −0.125% | $47K | $19K | 20x | as long as short |
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Ondo Perps SKHY-USD.P
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD