SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0222%/8h= +24.3% APRnext payment +$0.28 per $10,000 · paid last 24h +0.082%

Price spread now: Phoenix against Popdex−0.187%54s7-day average +0.138% · 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—prices read too far apart to compare

costs, in and out, $10k−$380.376% of the position

Long on Popdex Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.651%+$65 · spread now −0.187%, 7d avg +0.138%

Together, before fees+0.734%+$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.324% cheaper against Popdex than usual: you would sell low and buy high (spread −0.187% now, against its 7-day average of +0.138%). If the spread goes back, that is −$32 on $10k: about 4.9 days of funding at the current rate (+$7 a day). At the pace of the last 4 days (+0.083% in total) that is about 14 days. The two prices were read 54 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	Popdex SKHYUSDT	187.62	0.0032	pay 0.0004% / 1h	10m 29s	$196K	$273K	20x
Short	Phoenix SKHY	187.27	0.0254	get 0.0032% / 1h	10m 29s	$210K	$124K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Popdex. 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 PopdexbpFee PhoenixbpOrdersPrice spread, now −0.187%Rate

Funding earned: $46.66
Price spread: −0.187% → +0.138%: −$32.44
Slippage, 4 orders: −$24.16
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$23.33
Costs to cover: 0.376%
Break-even: 10.5 days

Slippage from Popdex: live order book, 38 min ago; Phoenix: live order book, 31 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 Popdex live order book, 38 min ago	2.38 bp	6.1 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell Phoenix live order book, 31 min ago	3.72 bp	12.6 bp −$13	27.4 bp −$274	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	−0.1210%	8h	187.74	+0.064%	$25.1M	$31.3M	20x	as long as short
Deribit SKHY_USDC-PERPETUAL	−0.0336%	1h	187.61	−0.005%	$48K	$336K	10x	as long as short
edgeX SKHYUSDC	−0.0332%	4h	187.06	−0.299%	$564K	$290K	10x	as long as short
Nado SKHY-PERP	−0.0146%	1h	187.70	+0.044%	$33K	$28K	10x	as long as short
tradeXYZ xyz:SKHY	−0.0118%	1h	187.62	0.000%	$159.2M	$74.2M	10x	as long as short
Polymarket Perps SKHY-USD	−0.0093%	1h	187.55	−0.037%	$181K	$487K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0024%	1h	187.32	−0.160%	$61K	$897K	10x	as long as short
Lighter SKHY	−0.0016%	1h	187.55	−0.037%	$929K	$1.1M	10x	as long as short
QFEX SKHY-USD	−0.0014%	1h	187.56	−0.032%	$1.2M	$4.1M	10x	as long as short
Ondo Perps SKHY-USD.P	−0.0011%	1h	187.45	−0.091%	$516K	$2.6M	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SKHYUSDT	0.0000%	8h	187.69	+0.039%	$228K	$916K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	187.57	−0.027%	$55K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	187.58	−0.023%	$201.2M	$433.2M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	187.63	+0.005%	$15.9M	$30.2M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	187.60	−0.011%	$44.7M	$77.3M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	187.62	0.000%	$25.3M	$20.8M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	187.51	−0.057%	$1.6M	$1.0M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	186.93	−0.368%	$22K	$223K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	187.87	+0.133%	$688	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	187.46	−0.085%	$155K	$371K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	187.60	−0.011%	$1.5M	$1.1M	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	187.52	−0.053%	$1.1M	$1.6M	10x	as long as short
Popdex SKHYUSDTlong	+0.0032%	1h	187.62	long leg	$196K	$273K	20x
Arcus SKHY-USD	+0.0040%	1h	187.27	−0.187%	$58K	$164K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	187.66	+0.021%	—	$12K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	187.37	−0.133%	$41K	$13K	10x	as long as short
KuCoin SKHYUSDTM	+0.0100%	8h	187.57	−0.027%	$1.1M	$322K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	187.64	+0.011%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	187.63	+0.005%	$2.1M	$416K	50x	as long as short
Phoenix SKHYshort	+0.0254%	1h	187.27	−0.187%	$210K	$124K	10x
Kraken Futures PF_SKHYUSD	+0.0261%	1h	187.67	+0.028%	$47K	$19K	20x	as long as short