Funding you earn now, next payment 04:00 UTC+0.0275%/8h= +30.1% APRpaid last 24h +0.065%
Price spread now: Phoenix against Orderly+0.074%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.074% dearer against Orderly than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SKHY_USDC_mythos | 188.87 | 0.0100 | pay 0.0100% / 8h | 3h 05m | $2K | $4K | 10x |
| Short | Phoenix SKHY | 189.01 | 0.0375 | get 0.0047% / 1h | 5m 17s | $212K | $124K | 10x |
Orderly PERP_SKHY_USDC_mythos
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Orderly. 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
- $57.82
- Price spread: +0.074% → 0.000%
- $7.41
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $52.23
- Costs to cover
- 0.130%
- Break-even
- 0.7 days
Slippage unknown: Orderly: no order-book sample; Phoenix: live order book, 42 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Phoenix live order book, 42 min ago | 3.67 bp | 12.5 bp −$12 | 27.0 bp −$270 | doesn't fit | doesn't fit |
Orderly: 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 | −0.0318% | 8h | 188.90 | +0.016% | $24.3M | $29.4M | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.524% | $36K | $876K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0055% | 4h | 188.56 | −0.163% | $568K | $290K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0017% | 1h | 188.78 | −0.048% | $158.4M | $70.0M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.90 | +0.018% | $244K | $895K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.76 | −0.056% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.77 | −0.053% | $199.1M | $412.3M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.85 | −0.011% | $15.4M | $29.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.79 | −0.042% | $44.7M | $73.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.75 | −0.064% | $25.3M | $19.9M | 75x | as long as short |
Bitget SKHYUSDT
Coinbase International SKHY-PERP-INTX
edgeX SKHYUSDC
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 188.92 | +0.027% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.81 | −0.030% | $22K | $216K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.07 | +0.106% | $692 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 188.89 | +0.011% | $48K | $330K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.72 | −0.079% | $156K | $370K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.96 | +0.048% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHY | +0.0008% | 1h | 188.77 | −0.053% | $995K | $747K | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 188.80 | −0.037% | $1.2M | $4.1M | 10x | as long as short |
| Nado SKHY-PERP | +0.0014% | 1h | 188.90 | +0.018% | $33K | $28K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.79 | −0.042% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.80 | −0.037% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.87 | 0.000% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.80 | −0.037% | $199K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.69 | −0.095% | $182K | $472K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.78 | −0.048% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.78 | −0.048% | $526K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 188.83 | −0.021% | $1.1M | $312K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythoslong | +0.0100% | 8h | 188.87 | long leg | $2K | $4K | 10x | |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.87 | 0.000% | $2.2M | $438K | 50x | as long as short |
| Phoenix SKHYshort | +0.0375% | 1h | 189.01 | +0.074% | $212K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0694% | 1h | 188.84 | −0.016% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
QFEX SKHY-USD
Nado SKHY-PERP
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
BloFin SKHY-USDT
Kraken Futures PF_SKHYUSD