Funding you earn now, next payment 09:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h −0.013%
Price spread now: Bybit against Ondo Perps−0.011%47s7-day average +0.027% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 7 days+0.393%+$39 · spread now −0.011%, 7d avg +0.027%
=Together, before fees+0.329%+ Points / potential airdropOndo Perps: Active · farm board+$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.038% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.027%). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps SKHY-USD.P | 184.61 | −0.0065 | get 0.0008% / 1h | 34m 53s | $515K | $2.6M | 10x |
| Short | Bybit SKHYUSDT | 184.59 | −0.0170 | pay 0.0170% / 8h | 7h 34m | $16.3M | $32.5M | 100x |
Ondo Perps SKHY-USD.P
Bybit SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Ondo Perps. 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
- −$22.03
- Price spread: −0.011% → +0.027%
- −$3.79
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$41.82
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 4 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 4 min ago | 0.27 bp | 8.4 bp −$8 | 14.6 bp −$146 | 61.7 bp −$6,170 | doesn't fit |
Ondo Perps: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.1237% | 8h | 184.68 | +0.038% | $25.5M | $34.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0952% | 4h | 184.87 | +0.142% | $557K | $290K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | −0.0445% | 8h | 184.94 | +0.181% | $22K | $243K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0228% | 8h | 184.65 | +0.022% | $1.1M | $366K | 20x | as long as short |
| Bybit SKHYUSDTshort | −0.0170% | 8h | 184.59 | −0.011% | $16.3M | $32.5M | 100x | |
| tradeXYZ xyz:SKHY | −0.0121% | 1h | 184.54 | −0.038% | $156.6M | $77.8M | 10x | as long as short |
| Nado SKHY-PERP | −0.0085% | 1h | 184.71 | +0.053% | $33K | $28K | 10x | as long as short |
| Ondo Perps SKHY-USD.Plong | −0.0065% | 1h | 184.61 | long leg | $515K | $2.6M | 10x | |
| Binance SKHYUSDT | −0.0035% | 8h | 184.65 | +0.020% | $197.4M | $462.1M | 50x | as long as short |
| Extended SKHY-USD | −0.0032% | 1h | 184.62 | +0.006% | $54K | $7K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
GRVT SKHY_USDT_Perp
KuCoin SKHYUSDTM
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Binance SKHYUSDT
Extended SKHY-USDShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX SKHY-USDT | −0.0031% | 8h | 184.70 | +0.049% | $153K | $370K | 50x | as long as short |
| QFEX SKHY-USD | −0.0028% | 1h | 184.69 | +0.043% | $1.2M | $4.3M | 10x | as long as short |
| Variational Omni SKHY | −0.0004% | 8h | 184.69 | +0.046% | $1.6M | $1.0M | — | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 184.84 | +0.122% | $266K | $951K | 50x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 184.58 | −0.016% | $43.8M | $81.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 184.58 | −0.016% | $25.8M | $21.3M | 75x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 185.04 | +0.233% | $677 | $5.9M | 10x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 184.76 | +0.081% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHY | +0.0008% | 1h | 184.64 | +0.016% | $983K | $1.3M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0021% | 1h | 184.71 | +0.054% | $47K | $353K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0024% | 1h | 187.58 | +1.609% | $68K | $784K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 184.61 | 0.000% | $1.1M | $1.5M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0040% | 1h | 184.82 | +0.114% | $201K | $288K | 20x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 184.75 | +0.076% | $59K | $172K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 184.65 | +0.022% | — | $34K | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 184.70 | +0.049% | $178K | $451K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 184.67 | +0.033% | $41K | $12K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0085% | 8h | 184.67 | +0.033% | $2.1M | $438K | 50x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 184.71 | +0.054% | $2K | $4K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0171% | 1h | 184.81 | +0.109% | $48K | $20K | 20x | as long as short |
| Phoenix SKHY | +0.0215% | 1h | 185.14 | +0.287% | $207K | $123K | 10x | as long as short |
HTX SKHY-USDT
QFEX SKHY-USD
Variational Omni SKHY
Aster SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
SunX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Deribit SKHY_USDC-PERPETUAL
Coinbase International SKHY-PERP-INTX
Lighter RH SKHY
Popdex SKHYUSDT
Arcus SKHY-USD
Vest SKHY-USD-PERP
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
BloFin SKHY-USDT
Orderly PERP_SKHY_USDC_mythos
Kraken Futures PF_SKHYUSD
Phoenix SKHY