SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h +0.082%

Price spread now: Phoenix against Arcus+0.118%7-day average +0.167% · 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−$46as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on Arcus Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+2.066%+$207 · spread now +0.118%, 7d avg +0.167%

Together, before fees+2.132%+$213 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.049% cheaper against Arcus than usual: you would sell low and buy high (spread +0.118% now, against its 7-day average of +0.167%). If the spread goes back, that is −$5 on $10k: about 44 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus SKHY-USD	186.18	0.0040	pay 0.0005% / 1h	7m 09s	$60K	$171K	10x
Short	Phoenix SKHY	186.40	0.0129	get 0.0016% / 1h	7m 09s	$209K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Arcus. 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 ArcusbpFee PhoenixbpOrdersPrice spread, now +0.118%Rate

Funding earned: $18.59
Price spread: +0.118% → +0.167%: −$4.91
Slippage, 4 orders: −$29.95
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$27.77
Costs to cover: 0.415%
Break-even: 17.5 days

Slippage from Arcus: live order book, 31 min ago; Phoenix: live order book, 25 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 Arcus live order book, 31 min ago	4.29 bp	9.5 bp −$9	20.1 bp −$201	doesn't fit	doesn't fit
Sell Phoenix live order book, 25 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	−0.1249%	8h	186.44	+0.140%	$25.5M	$33.5M	20x	as long as short
Kraken Futures PF_SKHYUSD	−0.0266%	1h	186.34	+0.086%	$48K	$21K	20x	as long as short
tradeXYZ xyz:SKHY	−0.0129%	1h	186.21	+0.016%	$158.1M	$76.8M	10x	as long as short
Nado SKHY-PERP	−0.0118%	1h	186.30	+0.066%	$33K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	187.58	+0.752%	$68K	$795K	10x	as long as short
QFEX SKHY-USD	−0.0061%	1h	186.21	+0.016%	$1.2M	$4.3M	10x	as long as short
KuCoin SKHYUSDTM	−0.0058%	8h	186.18	0.000%	$1.1M	$349K	20x	as long as short
Polymarket Perps SKHY-USD	−0.0044%	1h	186.16	−0.011%	$180K	$486K	10x	as long as short
edgeX SKHYUSDC	−0.0018%	4h	186.11	−0.035%	$561K	$290K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.28	+0.053%	$225K	$899K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	0.0000%	1h	186.19	+0.003%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.21	+0.018%	$199.7M	$453.0M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.25	+0.038%	$16.6M	$29.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	186.22	+0.021%	$44.5M	$80.0M	50x	as long as short
Popdex SKHYUSDT	0.0000%	1h	186.25	+0.038%	$204K	$287K	20x	as long as short
Gate SKHY_USDT	0.0000%	8h	186.21	+0.016%	$25.5M	$21.1M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.12	−0.031%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.15	−0.016%	$22K	$238K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.51	+0.177%	$683	$6.0M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	186.27	+0.048%	$49K	$348K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.16	−0.011%	$154K	$363K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.26	+0.043%	$1.5M	$1.1M	10x	as long as short
Lighter SKHY	+0.0016%	1h	186.20	+0.011%	$973K	$1.2M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.17	−0.005%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USDlong	+0.0040%	1h	186.18	long leg	$60K	$171K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	186.13	−0.027%	—	$32K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.22	+0.021%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.05	−0.070%	$520K	$2.6M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.24	+0.032%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.17	−0.005%	$2.2M	$426K	50x	as long as short
Phoenix SKHYshort	+0.0129%	1h	186.40	+0.118%	$209K	$123K	10x