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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 03:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.088%
Price spread now: KuCoin against Phoenix−0.103%48s7-day average −0.156% · you buy dearer than you sell
Net, funding: paid 7d − costs−$116as 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−$800.799% of the position
Long on PhoenixShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days−0.358%−$36 on $10k
Price spread, last 4 days (all we have)−0.737%−$74 · spread now −0.103%, 7d avg −0.156%
Together, before fees−1.094%−$109 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.053% dearer against Phoenix than usual: you sell high and buy low (spread −0.103% now, against its 7-day average of −0.156%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 16 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix SKHY193.290.0372pay 0.0047% / 1h32m 45s$217K$124K10x
ShortKuCoin SKHYUSDTM193.090.0100get 0.0100% / 8h4h 32m$1.1M$305K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Phoenix. 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
−$57.18
Price spread: −0.103% → −0.156%
$5.29
Slippage, 4 orders
−$60.93
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$131.83
Costs to cover
0.799%
Break-even
never at this rate
Slippage from Phoenix: live order book, 19 min ago; KuCoin: live order book, 2 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 Phoenix live order book, 19 min ago2.59 bp9.9 bp −$1020.2 bp −$202doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago1.29 bp29.9 bp −$30doesn't fitdoesn't fitdoesn'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−0.0743%4h193.10−0.100%$582K$291K10xas long as short
Coinbase International SKHY-PERP-INTX−0.0048%1h192.84−0.233%$45K$861K10xas long as short
Aster SKHYUSDT0.0000%8h193.12−0.090%$249K$889K50xas long as short
Extended SKHY-USD0.0000%1h193.10−0.098%$56K$7K10xas long as short
Binance SKHYUSDT0.0000%8h193.17−0.062%$204.4M$392.9M50xas long as short
Bybit SKHYUSDT0.0000%8h193.16−0.067%$15.7M$27.5M100xas long as short
OKX SKHY-USDT-SWAP0.0000%8h193.16−0.067%$46.6M$69.9M50xas long as short
Gate SKHY_USDT0.0000%8h193.10−0.098%$25.8M$18.9M75xas long as short
Variational Omni SKHY0.0000%8h193.08−0.108%$1.6M$1.1M—as long as short
GRVT SKHY_USDT_Perp0.0000%8h193.12−0.089%$22K$202K10xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SKHY-USDT0.0000%8h193.51+0.114%$708$6.3M10xas long as short
HTX SKHY-USDT0.0000%8h193.09−0.103%$161K$367K50xas long as short
Phemex SKHYUSDT0.0000%8h193.14−0.078%$1.5M$1.1M10xas long as short
QFEX SKHY-USD+0.0015%1h193.18−0.057%$1.2M$4.1M10xas long as short
Lighter SKHY+0.0032%1h193.02−0.140%$1.0M$686K10xas long as short
Lighter RH SKHY+0.0032%1h193.00−0.150%$1.1M$1.6M10xas long as short
Arcus SKHY-USD+0.0040%1h193.08−0.109%$57K$154K10xas long as short
Vest SKHY-USD-PERP+0.0046%1h193.14−0.078%—$12K10xas long as short
Popdex SKHYUSDT+0.0048%1h193.23−0.031%$201K$255K20xas long as short
tradeXYZ xyz:SKHY+0.0050%1h193.06−0.119%$161.5M$67.7M10xas long as short
Polymarket Perps SKHY-USD+0.0050%1h193.13−0.083%$189K$456K10xas long as short
SoDEX SKHY-USD+0.0050%1h193.10−0.098%$43K$13K10xas long as short
Ondo Perps SKHY-USD.P+0.0050%1h193.07−0.114%$574K$2.3M10xas long as short
KuCoin SKHYUSDTMshort+0.0100%8h193.09−0.103%$1.1M$305K20x
Orderly PERP_SKHY_USDC_mythos+0.0100%8h193.20−0.047%$2K$4K10xas long as short
BloFin SKHY-USDT+0.0120%8h193.12−0.088%$2.2M$437K50xas long as short
Nado SKHY-PERP+0.0139%1h193.18−0.058%$38K$26K10xas long as short
Bitget SKHYUSDT+0.0158%8h193.15−0.072%$25.3M$26.9M20xas long as short
Deribit SKHY_USDC-PERPETUAL+0.0164%1h193.23−0.031%$49K$318K10xas long as short
Phoenix SKHYlong+0.0372%1h193.29long leg$217K$124K10x
Kraken Futures PF_SKHYUSD+0.1057%1h193.26−0.018%$49K$19K20xas long as short