Funding you earn now, next payment 00:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.021%
Price spread now: Coinbase International against Gate−0.513%7-day average +0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$530.534% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 3 days (all we have)+0.516%+$52 · spread now −0.513%, 7d avg +0.132%
=Funding pays, the price is against you. Coinbase International is 0.645% cheaper against Gate than usual: you would sell low and buy high (spread −0.513% now, against its 7-day average of +0.132%). If the spread goes back, that is −$64 on $10k: about 24 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate SKHY_USDT | 193.16 | 0 | get 0.0000% / 8h | 7h 23m | $25.9M | $18.3M | 75x |
| Short | Coinbase International SKHY-PERP-INTX | 192.17 | 0.0088 | get 0.0011% / 1h | 23m 29s | $117K | $795K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Gate. 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
- $18.48
- Price spread: −0.513% → +0.132%
- −$64.46
- Slippage, 4 orders
- −$28.38
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$99.36
- Costs to cover
- 0.534%
- Break-even
- 44.6 days
Slippage from Gate: live order book, 5 min ago; Coinbase International: live order book, 50 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 Gate live order book, 5 min ago | 1.04 bp | 11.5 bp −$12 | 19.3 bp −$193 | 27.3 bp −$2,727 | 52.5 bp −$26.2K |
| Sell Coinbase International live order book, 50 min ago | 8.98 bp | 14.0 bp −$14 | 16.3 bp −$163 | 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 | −0.0274% | 4h | 193.27 | +0.059% | $583K | $289K | 10x | as long as short |
| Nado SKHY-PERP | −0.0002% | 1h | 193.23 | +0.036% | $29K | $2K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.88 | −0.147% | $248K | $921K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.17 | +0.003% | $56K | $6K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.24 | +0.041% | $212.1M | $382.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.27 | +0.057% | $15.7M | $27.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.27 | +0.057% | $47.0M | $67.8M | 50x | as long as short |
| Gate SKHY_USDTlong | 0.0000% | 8h | 193.16 | long leg | $25.9M | $18.3M | 75x | |
| Variational Omni SKHY | 0.0000% | 8h | 193.27 | +0.059% | $1.6M | $2.3M | — | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 193.46 | +0.155% | $708 | $6.8M | 10x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 193.16 | 0.000% | $47K | $268K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.10 | −0.031% | $160K | $386K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.95 | −0.109% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0005% | 1h | 193.17 | +0.005% | $1.2M | $4.9M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.05 | −0.057% | $1.0M | $674K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 193.05 | −0.057% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.12 | −0.021% | $57K | $153K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.19 | +0.016% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.22 | +0.031% | $197K | $256K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.15 | −0.005% | $190K | $454K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.26 | +0.052% | $555K | $1.7M | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.0064% | 1h | 193.17 | +0.005% | $164.9M | $65.0M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | +0.0088% | 1h | 192.17 | −0.513% | $117K | $795K | 10x | |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.10 | −0.031% | $1.1M | $277K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.17 | +0.005% | $2K | $4K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0110% | 1h | 193.03 | −0.067% | $43K | $13K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.29 | +0.067% | $2.2M | $446K | 50x | as long as short |
| Bitget SKHYUSDT | +0.0213% | 8h | 193.23 | +0.036% | $25.7M | $26.5M | 20x | as long as short |
| Phoenix SKHY | +0.0335% | 1h | 193.33 | +0.088% | $218K | $120K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | +0.0554% | 8h | 193.28 | +0.061% | $23K | $195K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0708% | 1h | 193.22 | +0.034% | $51K | $22K | 20x | as long as short |
Gate SKHY_USDT
Coinbase International SKHY-PERP-INTX
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Variational Omni SKHY
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
tradeXYZ xyz:SKHY
KuCoin SKHYUSDTM
SoDEX SKHY-USD
BloFin SKHY-USDT
Bitget SKHYUSDT
Phoenix SKHY
GRVT SKHY_USDT_Perp
Kraken Futures PF_SKHYUSD