SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0282%/8h= −30.9% APRnext payment −$0.35 per $10,000 · paid last 24h −0.086%

Price spread now: tradeXYZ against Phoenix−0.114%61s7-day average −0.163% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as 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−$420.423% of the position

Long on Phoenix Short on tradeXYZ

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)−1.040%−$104 · spread now −0.114%, 7d avg −0.163%

Together, before fees−1.398%+ Points / potential airdroptradeXYZ: Active · farm board−$140 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.049% dearer against Phoenix than usual: you sell high and buy low (spread −0.114% now, against its 7-day average of −0.163%): +$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 14 hours. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix SKHY	193.40	0.0332	pay 0.0042% / 1h	0m 09s	$217K	$124K	10x
Short	tradeXYZ xyz:SKHY	193.18	0.0050	get 0.0006% / 1h	0m 09s	$161.6M	$67.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Position, each leg$Hold fordaysFee PhoenixbpFee tradeXYZbpOrdersPrice spread, now −0.114%Rate

Funding earned: −$59.22
Price spread: −0.114% → −0.163%: $4.94
Slippage, 4 orders: −$17.29
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$96.58
Costs to cover: 0.423%
Break-even: never at this rate

Slippage from Phoenix: live order book, 57 min ago; tradeXYZ: live order book, 10 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, 57 min ago	3.62 bp	11.9 bp −$12	25.6 bp −$256	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.26 bp	9.3 bp −$9	10.5 bp −$105	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	−0.0876%	4h	193.20	−0.103%	$582K	$291K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0032%	1h	192.90	−0.259%	$45K	$869K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	193.24	−0.084%	$249K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	193.23	−0.085%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	193.29	−0.057%	$205.1M	$392.8M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	193.29	−0.057%	$15.8M	$27.5M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	193.26	−0.072%	$46.7M	$70.1M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	193.25	−0.078%	$25.8M	$19.2M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	193.28	−0.064%	$1.6M	$1.2M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.24	−0.083%	$23K	$199K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	193.57	+0.088%	$708	$6.3M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	193.12	−0.145%	$161K	$368K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	193.29	−0.057%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0004%	1h	193.20	−0.103%	$1.2M	$4.3M	10x	as long as short
Lighter SKHY	+0.0032%	1h	193.19	−0.109%	$1.0M	$696K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	193.18	−0.114%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	193.19	−0.109%	$57K	$154K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	193.23	−0.088%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	193.29	−0.057%	$201K	$257K	20x	as long as short
tradeXYZ xyz:SKHYshort	+0.0050%	1h	193.18	−0.114%	$161.6M	$67.6M	10x
Polymarket Perps SKHY-USD	+0.0050%	1h	193.19	−0.109%	$189K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	193.24	−0.083%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	193.26	−0.072%	$575K	$2.3M	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	193.23	−0.088%	$1.1M	$297K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	193.27	−0.067%	$2K	$4K	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	+0.0112%	1h	193.33	−0.036%	$49K	$306K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	193.34	−0.031%	$2.2M	$438K	50x	as long as short
Nado SKHY-PERP	+0.0171%	1h	193.26	−0.074%	$38K	$26K	10x	as long as short
Bitget SKHYUSDT	+0.0201%	8h	193.27	−0.067%	$25.4M	$26.8M	20x	as long as short
Phoenix SKHYlong	+0.0332%	1h	193.40	long leg	$217K	$124K	10x
Kraken Futures PF_SKHYUSD	+0.0545%	1h	193.38	−0.008%	$51K	$17K	20x	as long as short