Funding you earn now, next payment 03:00 UTC−0.1044%/8h= −114.3% APRpaid last 24h −0.200%
Price spread now: edgeX against Phoenix−0.101%115s7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$320.323% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 4 days (all we have)−0.437%−$44 · spread now −0.101%, 7d avg −0.140%
=Together, before fees−0.161%+ Points / potential airdropedgeX: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.038% dearer against Phoenix than usual: you sell high and buy low (spread −0.101% now, against its 7-day average of −0.140%): +$4 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.276%, so the current rate has only just turned against you. The two prices were read 115 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.276% in total (about 14.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 193.19 | 0.0372 | pay 0.0047% / 1h | 7m 33s | $216K | $124K | 10x |
| Short | edgeX SKHYUSDC | 192.99 | −0.0671 | pay 0.0336% / 4h | 7m 33s | $582K | $290K | 10x |
Phoenix SKHY
edgeX SKHYUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phoenix. 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
- −$219.15
- Price spread: −0.101% → −0.140%
- $3.81
- Slippage, 4 orders
- −$16.34
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$247.68
- Costs to cover
- 0.323%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 44 min ago; edgeX: live order book, 51 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 Phoenix live order book, 44 min ago | 2.59 bp | 9.9 bp −$10 | 20.2 bp −$202 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 51 min ago | 1.29 bp | 6.3 bp −$6 | 11.6 bp −$116 | doesn't fit | doesn't fit |
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 SKHYUSDCshort | −0.0671% | 4h | 192.99 | −0.101% | $582K | $290K | 10x | |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.84 | −0.181% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.78 | −0.214% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.69 | −0.260% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.73 | −0.239% | $203.4M | $394.6M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.73 | −0.238% | $15.7M | $27.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.73 | −0.238% | $46.7M | $70.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.70 | −0.254% | $25.8M | $19.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.95 | −0.125% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.07 | −0.062% | $22K | $206K | 10x | as long as short |
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 | 193.14 | −0.026% | $707 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.81 | −0.197% | $161K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.86 | −0.171% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0015% | 1h | 192.73 | −0.238% | $1.2M | $3.9M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.67 | −0.269% | $1.0M | $704K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.66 | −0.274% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.94 | −0.129% | $60K | $161K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.76 | −0.223% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.73 | −0.238% | $202K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.68 | −0.264% | $161.1M | $67.8M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.66 | −0.274% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.85 | −0.176% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.78 | −0.212% | $577K | $2.4M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0061% | 1h | 192.85 | −0.176% | $49K | $322K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.77 | −0.217% | $1.1M | $318K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.83 | −0.186% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.06 | −0.067% | $2.3M | $438K | 50x | as long as short |
| Bitget SKHYUSDT | +0.0121% | 8h | 192.85 | −0.176% | $25.2M | $26.9M | 20x | as long as short |
| Nado SKHY-PERP | +0.0148% | 1h | 192.81 | −0.195% | $38K | $26K | 10x | as long as short |
| Phoenix SKHYlong | +0.0372% | 1h | 193.19 | long leg | $216K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.1059% | 1h | 192.84 | −0.179% | $49K | $19K | 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
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Bitget SKHYUSDT
Nado SKHY-PERP
Kraken Futures PF_SKHYUSD