SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0339%/8h= −37.1% APRnext payment −$3.39 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bitget−0.073%46s7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1261.260% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.073%, 7d avg −0.001%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Phemex is 0.071% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.001%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.39 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	192.93	0.0339	pay 0.0339% / 8h	6h 35m	$25.5M	$26.3M	20x
Short	Phemex SKHYUSDT	192.79	0	get 0.0000% / 8h	6h 35m	$1.5M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$71.19
Price spread: −0.073% → −0.001%: −$7.14
Slippage, 4 orders: −$102
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$204.32
Costs to cover: 1.260%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Phemex: 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	0.52 bp	8.2 bp −$8	14.3 bp −$143	29.3 bp −$2,926	49.8 bp −$24.9K
Sell Phemex live order book, 3 min ago	2.85 bp	51.9 bp −$52	doesn't fit	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	−0.0874%	4h	192.69	−0.123%	$581K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0072%	1h	192.90	−0.016%	$45K	$874K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.84	−0.045%	$248K	$890K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.81	−0.065%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.86	−0.036%	$210.2M	$385.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.88	−0.026%	$15.6M	$27.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.93	0.000%	$46.8M	$69.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.84	−0.047%	$25.8M	$18.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.76	−0.091%	$1.6M	$2.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	192.71	−0.113%	$22K	$192K	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	193.09	+0.083%	$707	$6.6M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	192.78	−0.078%	$48K	$270K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.71	−0.114%	$160K	$376K	50x	as long as short
Phemex SKHYUSDTshort	0.0000%	8h	192.79	−0.073%	$1.5M	$1.1M	10x
QFEX SKHY-USD	+0.0002%	1h	192.85	−0.041%	$1.2M	$4.6M	10x	as long as short
Nado SKHY-PERP	+0.0031%	1h	192.84	−0.048%	$42K	$21K	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.70	−0.119%	$1.0M	$684K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.74	−0.098%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	192.75	−0.093%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	192.84	−0.047%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.87	−0.031%	$197K	$257K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.84	−0.047%	$163.1M	$65.7M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.80	−0.067%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.68	−0.130%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.62	−0.161%	$535K	$1.8M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	192.81	−0.062%	$1.1M	$280K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.85	−0.041%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.08	+0.078%	$2.3M	$445K	50x	as long as short
Phoenix SKHY	+0.0331%	1h	192.96	+0.016%	$216K	$123K	10x	as long as short
Bitget SKHYUSDTlong	+0.0339%	8h	192.93	long leg	$25.5M	$26.3M	20x
Kraken Futures PF_SKHYUSD	+0.0707%	1h	192.83	−0.052%	$51K	$17K	20x	as long as short