Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.023%
Price spread now: tradeXYZ against Orderly−0.052%7-day average — · you buy dearer than you sell
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
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.052% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_SKHY_USDC_mythos | 193.30 | 0.0100 | pay 0.0100% / 8h | 4h 59m | $2K | $4K | 10x |
| Short | tradeXYZ xyz:SKHY | 193.20 | 0.0050 | get 0.0006% / 1h | 59m 22s | $161.6M | $67.6M | 10x |
Orderly PERP_SKHY_USDC_mythos
tradeXYZ xyz:SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$10.5
- Price spread: −0.052% → 0.000%
- −$5.17
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$39.67
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 11 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 tradeXYZ live order book, 11 min ago | 0.26 bp | 9.3 bp −$9 | 10.5 bp −$105 | 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX SKHYUSDC | −0.0844% | 4h | 193.28 | −0.011% | $583K | $292K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.90 | −0.207% | $45K | $869K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.24 | −0.031% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.24 | −0.031% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.30 | 0.000% | $205.1M | $392.5M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.31 | +0.005% | $15.8M | $27.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.30 | 0.000% | $46.7M | $70.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.26 | −0.021% | $25.8M | $18.7M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.28 | −0.013% | $1.6M | $1.2M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.29 | −0.005% | $23K | $199K | 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 | 193.58 | +0.145% | $709 | $6.3M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.12 | −0.093% | $161K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.29 | −0.005% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 193.22 | −0.041% | $1.2M | $4.2M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.19 | −0.057% | $1.0M | $684K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 193.14 | −0.083% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.20 | −0.052% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.25 | −0.026% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.30 | 0.000% | $201K | $257K | 20x | as long as short |
| tradeXYZ xyz:SKHYshort | +0.0050% | 1h | 193.20 | −0.052% | $161.6M | $67.6M | 10x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.20 | −0.052% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.25 | −0.026% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.26 | −0.021% | $575K | $2.3M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.21 | −0.047% | $1.1M | $298K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythoslong | +0.0100% | 8h | 193.30 | long leg | $2K | $4K | 10x | |
| Deribit SKHY_USDC-PERPETUAL | +0.0112% | 1h | 193.30 | 0.000% | $49K | $307K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.34 | +0.021% | $2.2M | $438K | 50x | as long as short |
| Nado SKHY-PERP | +0.0151% | 1h | 193.25 | −0.023% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0204% | 8h | 193.32 | +0.010% | $25.4M | $26.8M | 20x | as long as short |
| Phoenix SKHY | +0.0332% | 1h | 193.40 | +0.052% | $217K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1056% | 1h | 193.42 | +0.061% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
QFEX SKHY-USD
Lighter SKHY
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
Deribit SKHY_USDC-PERPETUAL
BloFin SKHY-USDT
Nado SKHY-PERP
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD