Funding you earn now, next payment 02:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.094%
Price spread now: Phoenix against HTX+0.312%7-day average +0.142% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$410.415% of the position
Funding, last 7 days+0.308%+$31 on $10k
+Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.312%, 7d avg +0.142%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.170% dearer against HTX than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.142%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX SKHY-USDT | 192.34 | 0 | get 0.0000% / 8h | 5h 46m | $160K | $368K | 50x |
| Short | Phoenix SKHY | 192.94 | 0.0332 | get 0.0042% / 1h | 46m 35s | $216K | $124K | 10x |
HTX SKHY-USDT
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against HTX. 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
- $69.72
- Price spread: +0.312% → +0.142%
- $16.96
- Slippage, 4 orders
- −$22.46
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $45.22
- Costs to cover
- 0.415%
- Break-even
- 2.5 days
Slippage from HTX: live order book, 16 min ago; Phoenix: live order book, 10 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 HTX live order book, 16 min ago | 2.85 bp | 8.9 bp −$9 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 10 min ago | 3.62 bp | 11.9 bp −$12 | 25.6 bp −$256 | 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 | −0.0716% | 4h | 192.85 | +0.265% | $581K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0032% | 1h | 192.90 | +0.291% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.33 | −0.004% | $247K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.23 | −0.058% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.29 | −0.026% | $207.5M | $385.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.29 | −0.026% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.31 | −0.016% | $46.7M | $69.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.22 | −0.062% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.08 | +0.383% | $1.6M | $1.3M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.09 | +0.390% | $22K | $193K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 192.64 | +0.156% | $705 | $6.4M | 10x | as long as short |
| HTX SKHY-USDTlong | 0.0000% | 8h | 192.34 | long leg | $160K | $368K | 50x | |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.35 | +0.005% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 192.30 | −0.021% | $1.2M | $4.3M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0010% | 1h | 192.38 | +0.021% | $48K | $286K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.20 | −0.073% | $1.0M | $687K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.23 | −0.057% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.60 | +0.135% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.42 | +0.042% | — | $11K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.29 | −0.026% | $197K | $255K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.26 | −0.042% | $161.5M | $66.4M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.33 | −0.005% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.36 | +0.010% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.22 | −0.062% | $567K | $2.1M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.34 | 0.000% | $1.1M | $290K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.36 | +0.010% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 192.34 | 0.000% | — | $444K | 50x | as long as short |
| Nado SKHY-PERP | +0.0133% | 1h | 192.33 | −0.003% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0197% | 8h | 192.43 | +0.047% | $25.5M | $26.4M | 20x | as long as short |
| Phoenix SKHYshort | +0.0332% | 1h | 192.94 | +0.312% | $216K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0547% | 1h | 192.45 | +0.058% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Deribit SKHY_USDC-PERPETUAL
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Nado SKHY-PERP
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD