SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0483%/8h= +52.9% APRnext payment +$0.60 per $10,000 · paid last 24h +0.028%

Price spread now: Arcus against Deribit+0.021%7-day average −0.038% · 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−$38as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.021%, 7d avg −0.038%

Together, before fees+0.124%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Arcus is 0.059% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.038%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.090% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.60 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SKHY_USDC-PERPETUAL	187.53	−0.0443	get 0.0055% / 1h	53m 15s	$52K	$497K	10x
Short	Arcus SKHY-USD	187.57	0.0040	get 0.0005% / 1h	53m 15s	$60K	$131K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee ArcusbpOrdersPrice spread, now +0.021%Rate

Funding earned: $101.43
Price spread: +0.021% → −0.038%: $5.88
Slippage, 4 orders: −$32.72
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $63.1
Costs to cover: 0.442%
Break-even: 2.6 days

Slippage from Deribit: live order book, 54 min ago; Arcus: live order book, 53 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 Deribit live order book, 54 min ago	5.59 bp	19.2 bp −$19	22.6 bp −$226	doesn't fit	doesn't fit
Sell Arcus live order book, 53 min ago	3.73 bp	6.0 bp −$6	9.3 bp −$93	doesn't fit	doesn't fit

SKHY on 31 exchanges

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
Kraken Futures PF_SKHYUSD	−0.2059%	1h	187.48	−0.027%	$50K	$36K	20x	as long as short
edgeX SKHYUSDC	−0.0542%	4h	187.61	+0.043%	$565K	$285K	10x	as long as short
Deribit SKHY_USDC-PERPETUALlong	−0.0443%	1h	187.53	long leg	$52K	$497K	10x
Bitget SKHYUSDT	−0.0265%	8h	187.67	+0.075%	$26.1M	$36.5M	20x	as long as short
KuCoin SKHYUSDTM	−0.0205%	8h	187.65	+0.064%	$1.1M	$518K	20x	as long as short
Nado SKHY-PERP	−0.0133%	1h	187.72	+0.099%	$32K	$28K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0096%	1h	187.65	+0.064%	$110K	$735K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0070%	1h	187.62	+0.048%	$158.4M	$77.1M	10x	as long as short
Lighter SKHY	−0.0032%	1h	187.54	+0.005%	$981K	$1.4M	10x	as long as short
Binance SKHYUSDT	−0.0018%	8h	187.62	+0.048%	$197.5M	$471.9M	50x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended SKHY-USD	−0.0016%	1h	187.58	+0.024%	$55K	$7K	10x	as long as short
QFEX SKHY-USD	−0.0013%	1h	187.56	+0.016%	$1.2M	$4.2M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	187.59	+0.034%	$260K	$916K	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.61	+0.043%	$16.4M	$33.9M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.64	+0.059%	$44.5M	$85.5M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.57	+0.021%	$25.3M	$21.3M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.58	+0.024%	$1.5M	$951K	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	187.66	+0.067%	$22K	$255K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.89	+0.192%	$688	$5.4M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.57	+0.021%	$154K	$384K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.68	+0.080%	$1.5M	$1.1M	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0029%	1h	187.45	−0.043%	$523K	$2.5M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.51	−0.011%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USDshort	+0.0040%	1h	187.57	+0.021%	$60K	$131K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	187.66	+0.069%	—	$40K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	187.66	+0.069%	$200K	$310K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	187.59	+0.032%	$182K	$342K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.63	+0.053%	$41K	$12K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.63	+0.053%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0102%	8h	187.64	+0.059%	$2.2M	$492K	50x	as long as short
Phoenix SKHY	+0.0298%	1h	187.88	+0.187%	$210K	$123K	10x	as long as short