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: OKX against Phemex+0.042%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$950.946% of the position
Funding, last 7 days+0.024%+$2 on $10k
+Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.042%, 7d avg −0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.052% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex SKHYUSDT | 192.66 | 0 | get 0.0000% / 8h | 6h 14m | $1.5M | $1.1M | 10x |
| Short | OKX SKHY-USDT-SWAP | 192.74 | 0 | get 0.0000% / 8h | 6h 14m | $46.7M | $69.1M | 50x |
Phemex SKHYUSDT
OKX SKHY-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Phemex. 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
- $0
- Price spread: +0.042% → −0.010%
- $5.18
- Slippage, 4 orders
- −$72.62
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$89.44
- Costs to cover
- 0.946%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 3 min ago; OKX: live order book, 4 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 Phemex live order book, 3 min ago | 1.30 bp | 38.6 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.26 bp | 6.2 bp −$6 | 8.3 bp −$83 | 35.9 bp −$3,594 | doesn't fit |
SKHY on 30 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 | −0.0382% | 4h | 192.39 | −0.142% | $580K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 192.90 | +0.125% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.72 | +0.031% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.67 | +0.006% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.72 | +0.031% | $208.9M | $386.1M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.75 | +0.047% | $15.7M | $27.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAPshort | 0.0000% | 8h | 192.74 | +0.042% | $46.7M | $69.1M | 50x | |
| Gate SKHY_USDT | 0.0000% | 8h | 192.71 | +0.026% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.55 | −0.057% | $1.6M | $1.9M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.44 | −0.117% | $22K | $192K | 10x | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_PerpShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 193.05 | +0.202% | $707 | $6.5M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.70 | +0.021% | $160K | $371K | 50x | as long as short |
| Phemex SKHYUSDTlong | 0.0000% | 8h | 192.66 | long leg | $1.5M | $1.1M | 10x | |
| QFEX SKHY-USD | +0.0002% | 1h | 192.66 | 0.000% | $1.2M | $4.4M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0010% | 1h | 192.70 | +0.021% | $48K | $272K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.61 | −0.026% | $1.0M | $687K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.62 | −0.021% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.59 | −0.036% | $57K | $155K | 10x | as long as short |
| Nado SKHY-PERP | +0.0042% | 1h | 192.73 | +0.035% | $38K | $26K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.67 | +0.005% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.73 | +0.036% | $198K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.68 | +0.010% | $162.1M | $66.4M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.64 | −0.010% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.63 | −0.016% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.67 | +0.005% | $531K | $1.9M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.66 | 0.000% | $1.1M | $285K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.68 | +0.010% | $2K | $4K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0246% | 8h | 192.76 | +0.052% | $25.5M | $26.3M | 20x | as long as short |
| Phoenix SKHY | +0.0331% | 1h | 192.48 | −0.093% | $216K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0707% | 1h | 192.82 | +0.083% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
QFEX SKHY-USD
Deribit SKHY_USDC-PERPETUAL
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Nado SKHY-PERP
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD