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Funding arb · Price arb /

SKHY

RWAall SKHY markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 02:00 UTC+0.0427%/8h= +46.8% APRpaid last 24h +0.016%
Price spread now: Bitget against Deribit+0.047%7-day average −0.013% · 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−$37as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Long on DeribitShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.017%+$2 on $10k
Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.047%, 7d avg −0.013%
Together, before fees−0.031%−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bitget 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 −0.013%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.017% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit SKHY_USDC-PERPETUAL193.080get 0.0000% / 1h57m 39s$48K$270K10x
ShortBitget SKHYUSDT193.170.0427get 0.0427% / 8h6h 57m$25.6M$26.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$89.67
Price spread: +0.047% → −0.013%
$5.95
Slippage, 4 orders
−$24.35
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
$52.27
Costs to cover
0.434%
Break-even
2.9 days
Slippage from Deribit: live order book, 11 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 11 min ago8.79 bp12.3 bp −$1216.8 bp −$168doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago0.78 bp8.2 bp −$819.0 bp −$19025.2 bp −$2,51641.6 bp −$20.8K

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0880%4h193.20+0.061%$582K$291K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0072%1h193.24+0.083%$54K$870K10xas long as short
Aster SKHYUSDT0.0000%8h193.18+0.050%$249K$890K50xas long as short
Extended SKHY-USD0.0000%1h193.04−0.023%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.12+0.020%$211.3M$384.8M50xas long as short
Bybit SKHYUSDT0.0000%8h193.15+0.036%$15.7M$27.1M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.11+0.016%$46.9M$68.5M50xas long as short
Gate SKHY_USDT0.0000%8h193.05−0.016%$25.8M$18.5M75xas long as short
Variational Omni SKHY0.0000%8h193.13+0.027%$1.7M$2.3M—as long as short
SunX SKHY-USDT0.0000%8h193.46+0.197%$708$6.7M10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit SKHY_USDC-PERPETUALlong0.0000%1h193.08long leg$48K$270K10x
HTX SKHY-USDT0.0000%8h193.07−0.005%$160K$377K50xas long as short
Phemex SKHYUSDT0.0000%8h193.04−0.021%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0002%1h193.11+0.016%$1.2M$4.9M10xas long as short
Nado SKHY-PERP+0.0021%1h193.15+0.036%$44K$20K10xas long as short
Lighter SKHY+0.0032%1h193.06−0.010%$1.0M$654K10xas long as short
Lighter RH SKHY+0.0032%1h193.02−0.031%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h193.19+0.057%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.17+0.047%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.18+0.052%$197K$258K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.080.000%$163.3M$66.7M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.080.000%$190K$454K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.07−0.005%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.09+0.005%$541K$1.7M10xas long as short
KuCoin SKHYUSDTM+0.0100%8h193.17+0.047%$1.1M$279K20xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.20+0.062%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.22+0.073%$2.2M$446K50xas long as short
Phoenix SKHY+0.0335%1h193.41+0.171%$218K$119K10xas long as short
GRVT SKHY_USDT_Perp+0.0341%8h193.23+0.078%$22K$192K10xas long as short
Bitget SKHYUSDTshort+0.0427%8h193.17+0.047%$25.6M$26.6M20x
Kraken Futures PF_SKHYUSD+0.0705%1h193.19+0.057%$51K$17K20xas long as short