Funding you earn now, next payment 04:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h −0.014%
Price spread now: QFEX against Arcus−0.026%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 4 days (all we have)−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.026%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.039% cheaper against Arcus than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SKHY-USD | 193.03 | 0.0040 | pay 0.0005% / 1h | 10m 07s | $60K | $161K | 10x |
| Short | QFEX SKHY-USD | 192.98 | 0.0015 | get 0.0002% / 1h | 10m 07s | $1.2M | $3.9M | 10x |
Arcus SKHY-USD
QFEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Arcus. 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
- −$5.32
- Price spread: −0.026% → +0.013%
- −$3.85
- Slippage, 4 orders
- −$19.15
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$42.82
- Costs to cover
- 0.337%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 48 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 Arcus live order book, 48 min ago | 6.21 bp | 9.4 bp −$9 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 3 min ago | 1.55 bp | 6.6 bp −$7 | 9.1 bp −$91 | 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 | −0.0839% | 4h | 192.88 | −0.076% | $581K | $292K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.84 | −0.098% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.05 | +0.011% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.00 | −0.014% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.05 | +0.008% | $203.7M | $394.4M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.04 | +0.005% | $15.7M | $27.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.06 | +0.016% | $46.8M | $70.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.98 | −0.026% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.95 | −0.042% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.92 | −0.057% | $23K | $205K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.32 | +0.150% | $708 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.99 | −0.021% | $161K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.06 | +0.016% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USDshort | +0.0015% | 1h | 192.98 | −0.026% | $1.2M | $3.9M | 10x | |
| Lighter SKHY | +0.0032% | 1h | 192.94 | −0.047% | $1.0M | $698K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.92 | −0.057% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USDlong | +0.0040% | 1h | 193.03 | long leg | $60K | $161K | 10x | |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.98 | −0.026% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.07 | +0.021% | $202K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.96 | −0.036% | $161.3M | $67.9M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.96 | −0.036% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.98 | −0.026% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.90 | −0.067% | $577K | $2.4M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0061% | 1h | 193.07 | +0.021% | $49K | $322K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.00 | −0.016% | $1.1M | $316K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.05 | +0.010% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.06 | +0.016% | $2.3M | $438K | 50x | as long as short |
| Bitget SKHYUSDT | +0.0134% | 8h | 193.09 | +0.031% | $25.2M | $26.9M | 20x | as long as short |
| Nado SKHY-PERP | +0.0149% | 1h | 193.03 | 0.000% | $38K | $26K | 10x | as long as short |
| Phoenix SKHY | +0.0372% | 1h | 193.21 | +0.093% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1058% | 1h | 193.08 | +0.028% | $49K | $19K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Bitget SKHYUSDT
Nado SKHY-PERP
Phoenix SKHY
Kraken Futures PF_SKHYUSD