Funding you earn now, next payment 04:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h −0.016%
Price spread now: Deribit against tradeXYZ+0.052%7-day average +0.039% · 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−$46as in the Price arb table
costs, in and out, $10k−$470.470% of the position
Funding, last 4 days (all we have)−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.052%, 7d avg +0.039%
=Together, before fees−0.201%+ Points / potential airdroptradeXYZ: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:SKHY | 193.20 | 0.0050 | pay 0.0006% / 1h | 59m 24s | $161.6M | $67.6M | 10x |
| Short | Deribit SKHY_USDC-PERPETUAL | 193.30 | 0.0112 | get 0.0014% / 1h | 59m 24s | $49K | $307K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against tradeXYZ. 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
- $13.07
- Price spread: +0.052% → +0.039%
- $1.23
- Slippage, 4 orders
- −$22
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$32.7
- Costs to cover
- 0.470%
- Break-even
- 24.5 days
Slippage from tradeXYZ: live order book, 11 min ago; Deribit: live order book, 64 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 tradeXYZ live order book, 11 min ago | 0.26 bp | 9.3 bp −$9 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 64 min ago | 5.96 bp | 17.1 bp −$17 | 20.2 bp −$202 | 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 | −0.0844% | 4h | 193.28 | +0.040% | $583K | $292K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0048% | 1h | 192.90 | −0.155% | $45K | $869K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.24 | +0.021% | $249K | $889K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.24 | +0.020% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.30 | +0.052% | $205.1M | $392.5M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 193.31 | +0.057% | $15.8M | $27.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.30 | +0.052% | $46.7M | $70.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.26 | +0.031% | $25.8M | $18.7M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.28 | +0.039% | $1.6M | $1.2M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 193.29 | +0.047% | $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 | 193.58 | +0.197% | $709 | $6.3M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.12 | −0.041% | $161K | $368K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.29 | +0.047% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0004% | 1h | 193.22 | +0.010% | $1.2M | $4.2M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.19 | −0.005% | $1.0M | $684K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 193.14 | −0.031% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.20 | 0.000% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.25 | +0.026% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.30 | +0.052% | $201K | $257K | 20x | as long as short |
| tradeXYZ xyz:SKHYlong | +0.0050% | 1h | 193.20 | long leg | $161.6M | $67.6M | 10x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.20 | 0.000% | $189K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 193.25 | +0.026% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.26 | +0.031% | $575K | $2.3M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.21 | +0.005% | $1.1M | $298K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.30 | +0.052% | $2K | $4K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALshort | +0.0112% | 1h | 193.30 | +0.052% | $49K | $307K | 10x | |
| BloFin SKHY-USDT | +0.0120% | 8h | 193.34 | +0.072% | $2.2M | $438K | 50x | as long as short |
| Nado SKHY-PERP | +0.0151% | 1h | 193.25 | +0.028% | $38K | $26K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0204% | 8h | 193.32 | +0.062% | $25.4M | $26.8M | 20x | as long as short |
| Phoenix SKHY | +0.0332% | 1h | 193.40 | +0.104% | $217K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.1056% | 1h | 193.42 | +0.113% | $51K | $17K | 20x | as long as short |
tradeXYZ xyz:SKHY
Deribit SKHY_USDC-PERPETUAL
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_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
BloFin SKHY-USDT
Bitget SKHYUSDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD