Funding you earn now, next payment 03:00 UTC+0.0098%/8h= +10.7% APRnext payment +$0.12 per $10,000 · paid last 24h −0.005%
Price spread now: tradeXYZ against Coinbase International+0.150%7-day average −0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.150%, 7d avg −0.132%
=Together, before fees−0.168%+ Points / potential airdroptradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and tradeXYZ is 0.282% dearer against Coinbase International than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of −0.132%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SKHY-PERP-INTX | 192.90 | −0.0048 | get 0.0006% / 1h | 59m 11s | $45K | $869K | 10x |
| Short | tradeXYZ xyz:SKHY | 193.19 | 0.0050 | get 0.0006% / 1h | 59m 11s | $161.6M | $67.6M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $20.58
- Price spread: +0.150% → −0.132%
- $28.22
- Slippage, 4 orders
- −$10.57
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- $10.24
- Costs to cover
- 0.386%
- Break-even
- 3.5 days
Slippage from Coinbase International: live order book, 64 min ago; tradeXYZ: live order book, 11 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, 64 min ago | 4.41 bp | 9.4 bp −$9 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 0.26 bp | 9.3 bp −$9 | 10.5 bp −$105 | 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 | −0.0844% | 4h | 193.28 | +0.196% | $583K | $292K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXlong | −0.0048% | 1h | 192.90 | long leg | $45K | $869K | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 193.25 | +0.179% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.24 | +0.176% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.29 | +0.204% | $205.1M | $392.5M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.31 | +0.213% | $15.8M | $27.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.29 | +0.202% | $46.7M | $70.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.28 | +0.197% | $25.8M | $18.7M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.28 | +0.195% | $1.6M | $1.2M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.29 | +0.202% | $23K | $199K | 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 | 193.58 | +0.353% | $709 | $6.3M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.12 | +0.114% | $161K | $367K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.30 | +0.207% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 193.22 | +0.166% | $1.2M | $4.2M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.20 | +0.156% | $1.0M | $684K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 193.17 | +0.140% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.20 | +0.156% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.25 | +0.181% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.30 | +0.207% | $201K | $257K | 20x | as long as short |
| tradeXYZ xyz:SKHYshort | +0.0050% | 1h | 193.19 | +0.150% | $161.6M | $67.6M | 10x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.20 | +0.156% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.25 | +0.181% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.26 | +0.187% | $575K | $2.3M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.23 | +0.171% | $1.1M | $298K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.30 | +0.207% | $2K | $4K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0112% | 1h | 193.30 | +0.207% | $49K | $307K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.31 | +0.213% | $2.2M | $438K | 50x | as long as short |
| Nado SKHY-PERP | +0.0151% | 1h | 193.25 | +0.184% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0204% | 8h | 193.33 | +0.223% | $25.4M | $26.8M | 20x | as long as short |
| Phoenix SKHY | +0.0332% | 1h | 193.40 | +0.259% | $217K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1056% | 1h | 193.42 | +0.269% | $51K | $17K | 20x | as long as short |
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
edgeX SKHYUSDC
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 SKHY
Lighter RH SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Deribit SKHY_USDC-PERPETUAL
BloFin SKHY-USDT
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD