Funding you earn now, next payment 01:00 UTC−0.0329%/8h= −36.1% APRnext payment −$0.41 per $10,000 · paid last 24h −0.096%
Price spread now: QFEX against Phoenix−0.166%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 3 days (all we have)−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)−2.073%−$207 · spread now −0.166%, 7d avg −0.149%
=The price spread sits at its 7-day average of −0.149%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix SKHY | 192.96 | 0.0331 | pay 0.0041% / 1h | 36m 54s | $216K | $123K | 10x |
| Short | QFEX SKHY-USD | 192.64 | 0.0002 | get 0.0000% / 1h | 36m 54s | $1.2M | $4.6M | 10x |
Phoenix SKHY
QFEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$69.16
- Price spread: −0.166% → −0.149%
- −$1.67
- Slippage, 4 orders
- −$17.9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$105.73
- Costs to cover
- 0.349%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 25 min ago; QFEX: live order book, 7 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, 25 min ago | 3.10 bp | 10.9 bp −$11 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.56 bp | 6.6 bp −$7 | 9.1 bp −$91 | 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 SKHYUSDC | −0.0874% | 4h | 192.69 | −0.138% | $581K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 192.90 | −0.031% | $45K | $874K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 192.65 | −0.162% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.59 | −0.191% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.66 | −0.153% | $210.0M | $385.4M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.65 | −0.161% | $15.6M | $27.2M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.67 | −0.150% | $46.7M | $69.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.65 | −0.161% | $25.8M | $18.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.94 | −0.013% | $1.6M | $2.2M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.71 | −0.128% | $22K | $192K | 10x | as long as short |
edgeX SKHYUSDC
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 | 192.92 | −0.021% | $706 | $6.6M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 192.60 | −0.187% | $48K | $270K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.63 | −0.171% | $160K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.58 | −0.197% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USDshort | +0.0002% | 1h | 192.64 | −0.166% | $1.2M | $4.6M | 10x | |
| Nado SKHY-PERP | +0.0026% | 1h | 192.72 | −0.126% | $42K | $21K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.48 | −0.249% | $1.0M | $683K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.45 | −0.264% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.77 | −0.098% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.66 | −0.155% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.66 | −0.155% | $197K | $257K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.56 | −0.207% | $162.9M | $65.6M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.55 | −0.212% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.60 | −0.187% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.91 | −0.026% | $533K | $1.8M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.65 | −0.161% | $1.1M | $280K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.68 | −0.145% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.08 | +0.062% | $2.3M | $445K | 50x | as long as short |
| Phoenix SKHYlong | +0.0331% | 1h | 192.96 | long leg | $216K | $123K | 10x | |
| Bitget SKHYUSDT | +0.0353% | 8h | 192.69 | −0.140% | $25.5M | $26.4M | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0707% | 1h | 192.68 | −0.147% | $51K | $17K | 20x | as long as short |
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Nado SKHY-PERP
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
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD