Funding you earn now, next payment 08:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bybit+0.027%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.027%, 7d avg +0.002%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.025% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKHYUSDT | 186.09 | 0 | get 0.0000% / 8h | 3m 12s | $16.0M | $30.7M | 100x |
| Short | BloFin SKHY-USDT | 186.14 | 0.0120 | get 0.0120% / 8h | 3m 12s | $2.2M | $427K | 50x |
Bybit SKHYUSDT
BloFin SKHY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. 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
- $25.2
- Price spread: +0.027% → +0.002%
- $2.46
- Slippage, 4 orders
- −$4.96
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$0.3
- Costs to cover
- 0.280%
- Break-even
- 7.1 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 5 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 Bybit live order book, 5 min ago | 0.54 bp | 7.4 bp −$7 | 13.2 bp −$132 | 94.9 bp −$9,489 | doesn't fit |
| Sell BloFin live order book, 5 min ago | 0.27 bp | 6.3 bp −$6 | 8.3 bp −$83 | 15.3 bp −$1,530 | 40.0 bp −$20.0K |
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 | −0.1248% | 8h | 186.35 | +0.140% | $25.5M | $33.5M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0562% | 4h | 186.21 | +0.064% | $561K | $290K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.40 | +0.166% | $48K | $21K | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0180% | 1h | 186.15 | +0.032% | $49K | $349K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0126% | 1h | 186.12 | +0.016% | $158.0M | $76.9M | 10x | as long as short |
| Nado SKHY-PERP | −0.0114% | 1h | 186.24 | +0.078% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.801% | $68K | $788K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0066% | 8h | 186.14 | +0.027% | $1.1M | $352K | 20x | as long as short |
| QFEX SKHY-USD | −0.0061% | 1h | 186.15 | +0.032% | $1.2M | $4.3M | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0038% | 1h | 186.08 | −0.005% | $180K | $486K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Kraken Futures PF_SKHYUSD
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Coinbase International SKHY-PERP-INTX
KuCoin SKHYUSDTM
QFEX SKHY-USD
Polymarket Perps SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 186.26 | +0.089% | $225K | $899K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.08 | −0.003% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.14 | +0.027% | $199.7M | $453.2M | 50x | as long as short |
| Bybit SKHYUSDTlong | 0.0000% | 8h | 186.09 | long leg | $16.0M | $30.7M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.09 | 0.000% | $44.4M | $80.2M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.11 | +0.011% | $25.5M | $21.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.18 | +0.048% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.23 | +0.073% | $22K | $239K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.40 | +0.167% | $682 | $6.0M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.05 | −0.021% | $154K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.17 | +0.043% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0008% | 1h | 186.17 | +0.043% | $204K | $287K | 20x | as long as short |
| Lighter SKHY | +0.0016% | 1h | 186.11 | +0.011% | $972K | $1.2M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.09 | 0.000% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.14 | +0.027% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.16 | +0.038% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.13 | +0.021% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 186.21 | +0.064% | $520K | $2.6M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.15 | +0.032% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDTshort | +0.0120% | 8h | 186.14 | +0.027% | $2.2M | $427K | 50x | |
| Phoenix SKHY | +0.0129% | 1h | 186.38 | +0.156% | $209K | $123K | 10x | as long as short |
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Popdex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
Phoenix SKHY