Funding you earn now, next payment 08:00 UTC+0.0528%/8h= +57.8% APRnext payment +$5.28 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget−0.026%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$280.279% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 7 days+0.043%+$4 · spread now −0.026%, 7d avg −0.003%
=Funding pays, the price is against you. OKX is 0.023% cheaper against Bitget than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of −0.003%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$16 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SKHYUSDT | 188.94 | −0.0528 | get 0.0528% / 8h | 2h 45m | $24.4M | $29.7M | 20x |
| Short | OKX SKHY-USDT-SWAP | 188.89 | 0 | get 0.0000% / 8h | 2h 45m | $44.9M | $74.4M | 50x |
Bitget SKHYUSDT
OKX SKHY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bitget. 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
- $110.88
- Price spread: −0.026% → −0.003%
- −$2.31
- Slippage, 4 orders
- −$5.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $80.67
- Costs to cover
- 0.279%
- Break-even
- 1.9 days
Slippage from Bitget: live order book, 3 min ago; OKX: 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 Bitget live order book, 3 min ago | 1.06 bp | 7.6 bp −$8 | 14.8 bp −$148 | 30.6 bp −$3,056 | 49.6 bp −$24.8K |
| Sell OKX live order book, 3 min ago | 0.26 bp | 5.8 bp −$6 | 8.0 bp −$80 | 27.9 bp −$2,789 | 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 SKHYUSDTlong | −0.0528% | 8h | 188.94 | long leg | $24.4M | $29.7M | 20x | |
| edgeX SKHYUSDC | −0.0291% | 4h | 188.98 | +0.023% | $570K | $291K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0068% | 1h | 188.83 | −0.058% | $48K | $334K | 10x | as long as short |
| Nado SKHY-PERP | −0.0056% | 1h | 188.93 | −0.005% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 188.72 | −0.116% | $46K | $882K | 10x | as long as short |
| QFEX SKHY-USD | −0.0014% | 1h | 188.87 | −0.037% | $1.2M | $4.1M | 10x | as long as short |
| Lighter SKHY | −0.0008% | 1h | 188.69 | −0.132% | $1.0M | $741K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0008% | 1h | 188.81 | −0.069% | $158.4M | $70.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.88 | −0.034% | $243K | $897K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.80 | −0.074% | $55K | $7K | 10x | as long as short |
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
Lighter SKHY
tradeXYZ xyz: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 | 188.85 | −0.048% | $200.0M | $416.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.86 | −0.042% | $15.5M | $29.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAPshort | 0.0000% | 8h | 188.89 | −0.026% | $44.9M | $74.4M | 50x | |
| Gate SKHY_USDT | 0.0000% | 8h | 188.81 | −0.069% | $25.2M | $20.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.80 | −0.073% | $1.6M | $986K | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.15 | +0.113% | $22K | $218K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.16 | +0.116% | $692 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.78 | −0.085% | $156K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.79 | −0.079% | $1.5M | $1.1M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0027% | 1h | 188.73 | −0.111% | $190K | $480K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.70 | −0.127% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.83 | −0.058% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.84 | −0.053% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.81 | −0.069% | $199K | $259K | 20x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.77 | −0.090% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.57 | −0.196% | $525K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 188.86 | −0.042% | $1.1M | $315K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.80 | −0.074% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.62 | −0.169% | $2.2M | $440K | 50x | as long as short |
| Phoenix SKHY | +0.0254% | 1h | 189.30 | +0.191% | $212K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0259% | 1h | 188.79 | −0.078% | $48K | $19K | 20x | as long as short |
Binance SKHYUSDT
Bybit SKHYUSDT
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