Funding you earn now, next payment 05:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.060%
Price spread now: Phoenix against BloFin−0.192%7-day average +0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$380.383% of the position
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 4 days (all we have)+0.289%+$29 · spread now −0.192%, 7d avg +0.113%
=Funding pays, the price is against you. Phoenix is 0.305% cheaper against BloFin than usual: you would sell low and buy high (spread −0.192% now, against its 7-day average of +0.113%). If the spread goes back, that is −$31 on $10k: about 7.6 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.087% in total) that is about 25 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKHY-USDT | 187.63 | 0.0120 | pay 0.0120% / 8h | 2h 09m | $2.1M | $416K | 50x |
| Short | Phoenix SKHY | 187.27 | 0.0254 | get 0.0032% / 1h | 9m 46s | $210K | $124K | 10x |
BloFin SKHY-USDT
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against BloFin. 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
- $28.18
- Price spread: −0.192% → +0.113%
- −$30.52
- Slippage, 4 orders
- −$19.26
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$40.59
- Costs to cover
- 0.383%
- Break-even
- 17.1 days
Slippage from BloFin: live order book, 3 min ago; Phoenix: live order book, 32 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 BloFin live order book, 3 min ago | 0.53 bp | 6.5 bp −$7 | 6.6 bp −$66 | 14.7 bp −$1,471 | 46.7 bp −$23.4K |
| Sell Phoenix live order book, 32 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 | −0.1210% | 8h | 187.82 | +0.101% | $25.1M | $31.3M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0332% | 4h | 187.06 | −0.304% | $564K | $290K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0229% | 1h | 187.62 | −0.005% | $48K | $336K | 10x | as long as short |
| Nado SKHY-PERP | −0.0146% | 1h | 187.70 | +0.039% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0117% | 1h | 187.80 | +0.091% | $159.4M | $74.1M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0093% | 1h | 187.55 | −0.043% | $181K | $487K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0024% | 1h | 187.32 | −0.165% | $61K | $897K | 10x | as long as short |
| QFEX SKHY-USD | −0.0014% | 1h | 187.56 | −0.037% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0010% | 1h | 187.65 | +0.011% | $516K | $2.6M | 10x | as long as short |
| Lighter SKHY | −0.0008% | 1h | 187.77 | +0.075% | $930K | $1.1M | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
Coinbase International SKHY-PERP-INTX
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Lighter SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 187.88 | +0.135% | $229K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 187.73 | +0.052% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 187.83 | +0.106% | $201.5M | $433.7M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 187.89 | +0.139% | $15.9M | $30.2M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 187.87 | +0.128% | $44.7M | $77.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 187.83 | +0.107% | $25.3M | $20.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 187.51 | −0.063% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.93 | −0.373% | $22K | $223K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.85 | +0.117% | $688 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 187.50 | −0.069% | $155K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 187.66 | +0.016% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 187.78 | +0.080% | $1.1M | $1.6M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0032% | 1h | 187.62 | −0.005% | $196K | $273K | 20x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 187.27 | −0.192% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 187.66 | +0.016% | — | $12K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 187.52 | −0.059% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 187.81 | +0.096% | $1.1M | $322K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 187.64 | +0.005% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDTlong | +0.0120% | 8h | 187.63 | long leg | $2.1M | $416K | 50x | |
| Phoenix SKHYshort | +0.0254% | 1h | 187.27 | −0.192% | $210K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0261% | 1h | 187.68 | +0.028% | $47K | $19K | 20x | as long as short |
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter RH SKHY
Popdex SKHYUSDT
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Kraken Futures PF_SKHYUSD