Funding you earn now, next payment 04:00 UTC+0.0025%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.014%
Price spread now: Arcus against QFEX+0.026%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 4 days (all we have)+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now +0.026%, 7d avg −0.013%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.039% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.013%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX SKHY-USD | 192.98 | 0.0015 | pay 0.0002% / 1h | 9m 59s | $1.2M | $3.9M | 10x |
| Short | Arcus SKHY-USD | 193.03 | 0.0040 | get 0.0005% / 1h | 9m 59s | $60K | $161K | 10x |
QFEX SKHY-USD
Arcus SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against QFEX. 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
- $5.32
- Price spread: +0.026% → −0.013%
- $3.85
- Slippage, 4 orders
- −$19.15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$24.48
- Costs to cover
- 0.337%
- Break-even
- 39.2 days
Slippage from QFEX: live order book, 3 min ago; Arcus: live order book, 48 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 QFEX live order book, 3 min ago | 1.55 bp | 6.6 bp −$7 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 48 min ago | 6.21 bp | 11.2 bp −$11 | 17.6 bp −$176 | 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 | −0.0839% | 4h | 192.88 | −0.050% | $581K | $292K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.84 | −0.073% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.05 | +0.037% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.00 | +0.011% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.05 | +0.034% | $203.7M | $394.4M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.04 | +0.031% | $15.7M | $27.7M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.06 | +0.041% | $46.8M | $70.1M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.98 | 0.000% | $25.8M | $18.9M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.95 | −0.016% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.92 | −0.031% | $23K | $205K | 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 | 193.32 | +0.176% | $708 | $6.2M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.99 | +0.005% | $161K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.06 | +0.041% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USDlong | +0.0015% | 1h | 192.98 | long leg | $1.2M | $3.9M | 10x | |
| Lighter SKHY | +0.0032% | 1h | 192.94 | −0.021% | $1.0M | $698K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.92 | −0.031% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USDshort | +0.0040% | 1h | 193.03 | +0.026% | $60K | $161K | 10x | |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.98 | 0.000% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.07 | +0.047% | $202K | $256K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.96 | −0.010% | $161.3M | $67.9M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.96 | −0.010% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.98 | 0.000% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.90 | −0.041% | $577K | $2.4M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | +0.0061% | 1h | 193.07 | +0.047% | $49K | $322K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.00 | +0.010% | $1.1M | $316K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.05 | +0.036% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.06 | +0.041% | $2.3M | $438K | 50x | as long as short |
| Bitget SKHYUSDT | +0.0134% | 8h | 193.09 | +0.057% | $25.2M | $26.9M | 20x | as long as short |
| Nado SKHY-PERP | +0.0149% | 1h | 193.03 | +0.025% | $38K | $26K | 10x | as long as short |
| Phoenix SKHY | +0.0372% | 1h | 193.21 | +0.119% | $216K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1058% | 1h | 193.08 | +0.054% | $49K | $19K | 20x | as long as short |
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Vest SKHY-USD-PERP
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Deribit SKHY_USDC-PERPETUAL
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Bitget SKHYUSDT
Nado SKHY-PERP
Phoenix SKHY
Kraken Futures PF_SKHYUSD