Funding you earn now, next payment 08:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.010%
Price spread now: Popdex against Coinbase International+0.550%7-day average −0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs+$31as in the Price arb table
costs, in and out, $10k−$360.364% of the position
Funding, last 4 days (all we have)+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)−0.443%−$44 · spread now +0.550%, 7d avg −0.129%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Popdex is 0.679% dearer against Coinbase International than usual: you sell high and buy low: +$68 more if the spread goes back to its 7-day average of −0.129%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SKHY-PERP-INTX | 183.79 | 0.0024 | pay 0.0003% / 1h | 20m 12s | $66K | $750K | 10x |
| Short | Popdex SKHYUSDT | 184.80 | 0.0048 | get 0.0006% / 1h | 20m 12s | $199K | $295K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- $5.04
- Price spread: +0.550% → −0.129%
- $67.89
- Slippage, 4 orders
- −$20.05
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $36.48
- Costs to cover
- 0.364%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 13 min ago; Popdex: live order book, 14 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 Coinbase International live order book, 13 min ago | 7.32 bp | 12.4 bp −$12 | 15.6 bp −$156 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 14 min ago | 0.81 bp | 4.8 bp −$5 | 8.6 bp −$86 | 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 | −0.1152% | 8h | 184.94 | +0.626% | $25.4M | $35.1M | 20x | as long as short |
| KuCoin SKHYUSDTM | −0.0246% | 8h | 184.68 | +0.484% | $1.1M | $376K | 20x | as long as short |
| edgeX SKHYUSDC | −0.0224% | 4h | 184.38 | +0.324% | $556K | $290K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | −0.0198% | 8h | 184.46 | +0.365% | $22K | $246K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0052% | 1h | 184.81 | +0.555% | $156.6M | $77.9M | 10x | as long as short |
| Extended SKHY-USD | −0.0048% | 1h | 184.79 | +0.542% | $53K | $7K | 10x | as long as short |
| Binance SKHYUSDT | −0.0047% | 8h | 184.82 | +0.560% | $195.9M | $465.0M | 50x | as long as short |
| Nado SKHY-PERP | −0.0032% | 1h | 184.88 | +0.592% | $32K | $28K | 10x | as long as short |
| QFEX SKHY-USD | −0.0028% | 1h | 184.84 | +0.571% | $1.2M | $4.3M | 10x | as long as short |
| Variational Omni SKHY | −0.0022% | 8h | 184.84 | +0.570% | $1.6M | $1.0M | — | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SKHYUSDT | 0.0000% | 8h | 184.64 | +0.462% | $265K | $951K | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 184.83 | +0.566% | $16.0M | $33.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 184.85 | +0.577% | $43.7M | $81.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 184.80 | +0.550% | $25.5M | $21.8M | 75x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 185.08 | +0.702% | $677 | $5.9M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 184.94 | +0.626% | $47K | $354K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 184.72 | +0.506% | $153K | $375K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 184.88 | +0.593% | $1.5M | $1.1M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXlong | +0.0024% | 1h | 183.79 | long leg | $66K | $750K | 10x | |
| Lighter SKHY | +0.0032% | 1h | 184.81 | +0.555% | $982K | $1.3M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 184.77 | +0.533% | $1.1M | $1.5M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0039% | 1h | 184.81 | +0.555% | $510K | $2.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 184.70 | +0.495% | $59K | $173K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 184.74 | +0.517% | — | $38K | 10x | as long as short |
| Popdex SKHYUSDTshort | +0.0048% | 1h | 184.80 | +0.550% | $199K | $295K | 20x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 184.75 | +0.522% | $179K | $451K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 184.76 | +0.528% | $41K | $12K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0067% | 8h | 184.83 | +0.566% | $2.1M | $446K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 184.76 | +0.528% | $2K | $4K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0171% | 1h | 184.94 | +0.627% | $48K | $20K | 20x | as long as short |
| Phoenix SKHY | +0.0215% | 1h | 184.57 | +0.424% | $207K | $123K | 10x | as long as short |
Coinbase International SKHY-PERP-INTX
Popdex SKHYUSDT
Bitget SKHYUSDT
KuCoin SKHYUSDTM
edgeX SKHYUSDC
GRVT SKHY_USDT_Perp
tradeXYZ xyz:SKHY
Extended SKHY-USD
Binance SKHYUSDT
Variational Omni SKHY
Aster SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD
Phoenix SKHY