Funding you earn now, next payment 06:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.095%
Price spread now: HTX against Phoenix−0.080%7-day average −0.148% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$440.437% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.080%, 7d avg −0.148%
=The price spread pays, funding is against you. HTX is 0.068% dearer against Phoenix than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.148%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 186.85 | 0.0213 | pay 0.0027% / 1h | 23m 02s | $209K | $115K | 10x |
| Short | HTX SKHY-USDT | 186.70 | 0 | get 0.0000% / 8h | 1h 23m | $155K | $367K | 50x |
Phoenix SKHY
HTX SKHY-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$44.66
- Price spread: −0.080% → −0.148%
- $6.76
- Slippage, 4 orders
- −$24.68
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$81.57
- Costs to cover
- 0.437%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 14 min ago; HTX: live order book, 20 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, 14 min ago | 3.75 bp | 12.7 bp −$13 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell HTX live order book, 20 min ago | 2.41 bp | 9.5 bp −$9 | 11.4 bp −$114 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget SKHYUSDT | −0.1298% | 8h | 187.01 | +0.086% | $25.1M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0762% | 4h | 186.50 | −0.189% | $562K | $290K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0499% | 1h | 186.81 | −0.021% | $49K | $343K | 10x | as long as short |
| Nado SKHY-PERP | −0.0188% | 1h | 187.01 | +0.086% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0181% | 1h | 186.82 | −0.016% | $158.7M | $74.7M | 10x | as long as short |
| Popdex SKHYUSDT | −0.0168% | 1h | 186.73 | −0.064% | $197K | $275K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0165% | 1h | 186.67 | −0.096% | $180K | $487K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 186.78 | −0.040% | $48K | $20K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.482% | $63K | $901K | 10x | as long as short |
| Lighter SKHY | −0.0080% | 1h | 186.80 | −0.027% | $956K | $1.1M | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
Nado SKHY-PERP
tradeXYZ xyz:SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
Kraken Futures PF_SKHYUSD
Coinbase International SKHY-PERP-INTX
Lighter SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 186.76 | −0.048% | $1.2M | $4.2M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0041% | 1h | 186.39 | −0.246% | $515K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.87 | +0.010% | $226K | $919K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.74 | −0.059% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.79 | −0.031% | $199.3M | $439.9M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.84 | −0.005% | $15.9M | $29.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.75 | −0.054% | $44.6M | $77.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.76 | −0.048% | $25.6M | $20.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.64 | −0.111% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.51 | −0.182% | $22K | $230K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 187.05 | +0.107% | $685 | $6.1M | 10x | as long as short |
| HTX SKHY-USDTshort | 0.0000% | 8h | 186.70 | −0.080% | $155K | $367K | 50x | |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.69 | −0.086% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.78 | −0.037% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.58 | −0.145% | $59K | $165K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.84 | −0.005% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.72 | −0.070% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0081% | 8h | 186.72 | −0.070% | $1.1M | $327K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.76 | −0.048% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.73 | −0.064% | $2.2M | $422K | 50x | as long as short |
| Phoenix SKHYlong | +0.0213% | 1h | 186.85 | long leg | $209K | $115K | 10x |
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Phemex SKHYUSDT
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT