SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0716%/8h= −78.4% APRnext payment −$7.16 per $10,000 · paid last 24h −0.125%

Price spread now: Bitget against OKX+0.037%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.037%, 7d avg +0.006%

Together, before fees−0.152%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.031% dearer against OKX than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.006%): +$3 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.109% in total) that is about 2.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.16 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	OKX SKHY-USDT-SWAP	186.68	0	get 0.0000% / 8h	6h 15m	$44.3M	$83.8M	50x
Short	Bitget SKHYUSDT	186.75	−0.0716	pay 0.0716% / 8h	6h 15m	$25.9M	$35.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OKXbpFee BitgetbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$150.36
Price spread: +0.037% → +0.006%: $3.13
Slippage, 4 orders: −$7.27
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$176.49
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 2 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 OKX live order book, 2 min ago	0.27 bp	6.1 bp −$6	8.5 bp −$85	44.2 bp −$4,415	doesn't fit
Sell Bitget live order book, 2 min ago	0.27 bp	7.4 bp −$7	15.2 bp −$152	50.1 bp −$5,006	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
edgeX SKHYUSDC	−0.0821%	4h	186.34	−0.184%	$562K	$291K	10x	as long as short
Bitget SKHYUSDTshort	−0.0716%	8h	186.75	+0.037%	$25.9M	$35.7M	20x
Deribit SKHY_USDC-PERPETUAL	−0.0392%	1h	186.67	−0.005%	$24K	$440K	10x	as long as short
KuCoin SKHYUSDTM	−0.0140%	8h	186.69	+0.005%	$1.1M	$443K	20x	as long as short
QFEX SKHY-USD	−0.0005%	1h	186.72	+0.021%	$1.2M	$4.3M	10x	as long as short
Nado SKHY-PERP	−0.0001%	1h	186.76	+0.041%	$32K	$28K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	186.70	+0.011%	$263K	$910K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	186.69	+0.006%	$54K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	186.74	+0.033%	$197.3M	$467.4M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	186.71	+0.016%	$16.2M	$33.9M	100x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX SKHY-USDT-SWAPlong	0.0000%	8h	186.68	long leg	$44.3M	$83.8M	50x
Gate SKHY_USDT	0.0000%	8h	186.60	−0.043%	$25.2M	$21.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	186.61	−0.035%	$1.5M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.47	−0.114%	$22K	$249K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	186.95	+0.145%	$684	$5.6M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	186.59	−0.048%	$155K	$374K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	186.65	−0.016%	$1.5M	$1.1M	10x	as long as short
tradeXYZ xyz:SKHY	+0.0027%	1h	186.72	+0.021%	$158.1M	$77.8M	10x	as long as short
Lighter SKHY	+0.0032%	1h	186.70	+0.011%	$986K	$1.3M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	186.66	−0.011%	$1.1M	$1.5M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	186.64	−0.021%	$60K	$129K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	186.69	+0.005%	—	$39K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	186.78	+0.054%	$199K	$299K	20x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	186.70	+0.011%	$180K	$381K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	186.58	−0.054%	$41K	$12K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	186.28	−0.214%	$521K	$2.5M	10x	as long as short
Coinbase International SKHY-PERP-INTX	+0.0056%	1h	186.08	−0.321%	$110K	$884K	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	186.70	+0.011%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	186.67	−0.005%	$2.2M	$450K	50x	as long as short
Phoenix SKHY	+0.0257%	1h	186.49	−0.102%	$209K	$123K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.0755%	1h	186.60	−0.043%	$51K	$36K	20x	as long as short