Funding you earn now, next payment 06:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.04 per $10,000 · paid last 24h +0.169%
Price spread now: Kraken Futures against Coinbase International−0.627%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.806%+$81 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Kraken Futures is 0.627% cheaper against Coinbase International than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.806%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SKHY-PERP-INTX | 187.75 | −0.0104 | get 0.0013% / 1h | 24m 24s | $63K | $902K | 10x |
| Short | Kraken Futures PF_SKHYUSD | 186.57 | −0.0139 | pay 0.0017% / 1h | 24m 24s | $47K | $19K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$7.37
- Price spread: −0.627% → 0.000%
- −$62.65
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$90.02
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Coinbase International: live order book, 19 min ago; Kraken Futures: no order-book sample. Net counts fees only.
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 Coinbase International live order book, 19 min ago | 5.89 bp | 11.3 bp −$11 | 18.6 bp −$186 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.1300% | 8h | 186.82 | −0.495% | $25.0M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0762% | 4h | 186.50 | −0.668% | $562K | $290K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0286% | 1h | 186.61 | −0.607% | $49K | $343K | 10x | as long as short |
| Nado SKHY-PERP | −0.0188% | 1h | 186.72 | −0.546% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0180% | 1h | 186.69 | −0.565% | $158.6M | $74.7M | 10x | as long as short |
| Popdex SKHYUSDT | −0.0168% | 1h | 186.70 | −0.559% | $197K | $275K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0165% | 1h | 186.60 | −0.613% | $180K | $487K | 10x | as long as short |
| Kraken Futures PF_SKHYUSDshort | −0.0139% | 1h | 186.57 | −0.627% | $47K | $19K | 20x | |
| Coinbase International SKHY-PERP-INTXlong | −0.0104% | 1h | 187.75 | long leg | $63K | $902K | 10x | |
| Lighter SKHY | −0.0072% | 1h | 186.56 | −0.634% | $954K | $1.1M | 10x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 186.67 | −0.575% | $1.2M | $4.2M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0038% | 1h | 186.39 | −0.724% | $515K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.74 | −0.539% | $226K | $919K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.58 | −0.626% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.68 | −0.570% | $199.2M | $439.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.73 | −0.543% | $15.9M | $29.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.68 | −0.570% | $44.6M | $77.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.62 | −0.602% | $25.6M | $20.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.64 | −0.590% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.51 | −0.660% | $22K | $230K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.88 | −0.463% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.50 | −0.666% | $155K | $366K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.57 | −0.628% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.54 | −0.644% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.51 | −0.660% | $59K | $165K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.72 | −0.549% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.59 | −0.618% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0081% | 8h | 186.60 | −0.613% | $1.1M | $327K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.61 | −0.607% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.58 | −0.623% | $2.2M | $421K | 50x | as long as short |
| Phoenix SKHY | +0.0213% | 1h | 186.53 | −0.650% | $209K | $115K | 10x | as long as short |
Coinbase International SKHY-PERP-INTX
Kraken Futures PF_SKHYUSD
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
Lighter SKHY
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
SoDEX SKHY-USD
KuCoin SKHYUSDTM
BloFin SKHY-USDT
Phoenix SKHY