Funding you earn now, next payment 01:00 UTC−0.0779%/8h= −85.3% APRnext payment −$0.97 per $10,000 · paid last 24h −0.134%
Price spread now: Coinbase International against Kraken Futures+0.042%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.785%−$78 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Coinbase International is 0.042% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.785% in total) that is about 9 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_SKHYUSD | 192.82 | 0.0707 | pay 0.0088% / 1h | 14m 39s | $51K | $17K | 20x |
| Short | Coinbase International SKHY-PERP-INTX | 192.90 | −0.0072 | pay 0.0009% / 1h | 14m 39s | $45K | $874K | 10x |
Kraken Futures PF_SKHYUSD
Coinbase International SKHY-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Kraken Futures. 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
- −$163.55
- Price spread: +0.042% → 0.000%
- $4.15
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$179.4
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; Coinbase International: live order book, 54 min ago. Net counts fees only.
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 Kraken Futures no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 54 min ago | 7.24 bp | 12.3 bp −$12 | 18.2 bp −$182 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SKHY on 30 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 | −0.0382% | 4h | 192.39 | −0.225% | $580K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0072% | 1h | 192.90 | +0.042% | $45K | $874K | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 192.70 | −0.061% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.67 | −0.077% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.73 | −0.047% | $208.9M | $386.2M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.79 | −0.016% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.77 | −0.026% | $46.7M | $69.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.71 | −0.057% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.55 | −0.140% | $1.6M | $1.9M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.44 | −0.200% | $22K | $192K | 10x | as long as short |
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.05 | +0.119% | $707 | $6.5M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.70 | −0.062% | $160K | $371K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.66 | −0.083% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0002% | 1h | 192.66 | −0.083% | $1.2M | $4.4M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0010% | 1h | 192.70 | −0.062% | $48K | $272K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.61 | −0.109% | $1.0M | $687K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.62 | −0.104% | $1.1M | $1.5M | 10x | as long as short |
| Nado SKHY-PERP | +0.0040% | 1h | 192.75 | −0.038% | $38K | $26K | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.59 | −0.119% | $57K | $155K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.66 | −0.083% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.73 | −0.047% | $198K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.66 | −0.083% | $162.1M | $66.4M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.64 | −0.093% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.63 | −0.098% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.67 | −0.078% | $531K | $1.9M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.68 | −0.073% | $1.1M | $285K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.68 | −0.073% | $2K | $4K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0246% | 8h | 192.75 | −0.036% | $25.5M | $26.3M | 20x | as long as short |
| Phoenix SKHY | +0.0331% | 1h | 192.48 | −0.176% | $216K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSDlong | +0.0707% | 1h | 192.82 | long leg | $51K | $17K | 20x |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Deribit SKHY_USDC-PERPETUAL
Lighter SKHY
Lighter RH SKHY
Nado SKHY-PERP
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
Bitget SKHYUSDT
Phoenix SKHY