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Funding arb · Price arb /

SKHY

RWAall SKHY markets
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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Phemex+0.093%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$102as in the Price arb table
costs, in and out, $10k−$1121.117% of the position
Long on PhemexShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.021%+$2 on $10k
Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.093%, 7d avg −0.003%
Together, before fees−0.053%−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.096% dearer against Phemex than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex SKHYUSDT192.970get 0.0000% / 8h7h 45m$1.5M$1.1M10x
ShortBybit SKHYUSDT193.150get 0.0000% / 8h7h 45m$15.9M$27.5M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.093% → −0.003%
$9.59
Slippage, 4 orders
−$88.75
Fee Phemex: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$102.16
Costs to cover
1.117%
Break-even
never at this rate
Slippage from Phemex: live order book, 2 min ago; Bybit: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 2 min ago2.33 bp60.0 bp −$60doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago0.26 bp8.9 bp −$912.9 bp −$12994.2 bp −$9,420doesn't fit

SKHY on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX SKHYUSDC−0.0833%4h192.72−0.128%$581K$290K10xas long as short
Nado SKHY-PERP−0.0051%1h193.05+0.041%$29K$2K10xas long as short
Aster SKHYUSDT0.0000%8h192.83−0.071%$256K$921K50xas long as short
Extended SKHY-USD0.0000%1h193.07+0.052%$56K$6K10xas long as short
Binance SKHYUSDT0.0000%8h193.07+0.052%$213.5M$384.5M50xas long as short
Bybit SKHYUSDTshort0.0000%8h193.15+0.093%$15.9M$27.5M100x
OKX SKHY-USDT-SWAP0.0000%8h193.18+0.109%$47.3M$66.7M50xas long as short
Gate SKHY_USDT0.0000%8h193.02+0.026%$26.4M$17.5M75xas long as short
Bitget SKHYUSDT0.0000%8h193.11+0.073%$25.8M$26.6M20xas long as short
Variational Omni SKHY0.0000%8h193.22+0.127%$1.6M$2.3M—as long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h193.46+0.254%$708$7.0M10xas long as short
HTX SKHY-USDT0.0000%8h193.12+0.078%$160K$396K50xas long as short
Phemex SKHYUSDTlong0.0000%8h192.97long leg$1.5M$1.1M10x
QFEX SKHY-USD+0.0005%1h192.99+0.010%$1.2M$5.3M10xas long as short
Lighter SKHY+0.0032%1h192.99+0.010%$1.0M$620K10xas long as short
Lighter RH SKHY+0.0032%1h192.96−0.005%$1.1M$1.5M10xas long as short
Arcus SKHY-USD+0.0040%1h193.04+0.036%$57K$155K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.10+0.067%—$13K10xas long as short
KuCoin SKHYUSDTM+0.0047%8h192.96−0.005%$1.1M$276K20xas long as short
Popdex SKHYUSDT+0.0048%1h193.07+0.052%$197K$256K20xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.16+0.098%$611K$1.6M10xas long as short
Coinbase International SKHY-PERP-INTX+0.0088%1h190.51−1.275%$171K$682K10xas long as short
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.19+0.114%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.42+0.233%$2.3M$429K50xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0268%1h193.26+0.150%$46K$259K10xas long as short
GRVT SKHY_USDT_Perp+0.0282%8h192.80−0.089%$23K$202K10xas long as short
Phoenix SKHY+0.0335%1h193.28+0.161%$218K$120K10xas long as short
Polymarket Perps SKHY-USD+0.0351%1h193.03+0.031%$194K$425K10xas long as short
tradeXYZ xyz:SKHY+0.0469%1h193.01+0.021%$166.8M$65.2M10xas long as short
Kraken Futures PF_SKHYUSD+0.0708%1h193.25+0.147%$51K$25K20xas long as short
SoDEX SKHY-USD+0.1184%1h193.14+0.088%$43K$13K10xas long as short