SKR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1402%/8h= +153.5% APRnext payment +$1.75 per $10,000 · paid last 24h +0.191%

Price spread now: Phoenix against Hyperliquid−0.166%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.166% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.166% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 9 hours of funding at the current rate (+$42 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid SKR	0.02165	0.0100	pay 0.0013% / 1h	7m 00s	$1.4M	$717K	3x
Short	Phoenix SKR	0.02162	0.1502	get 0.0188% / 1h	7m 00s	$4K	$10K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Hyperliquid. 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 HyperliquidbpFee PhoenixbpOrdersPrice spread, now −0.166%Rate

Funding earned: $294.43
Price spread: −0.166% → 0.000%: −$16.63
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $261.81
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Hyperliquid: live order book, 3 min ago; Phoenix: no order-book sample. Net counts fees only.

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 Hyperliquid live order book, 3 min ago	0.23 bp	4.7 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

SKR on 15 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
BloFin SKR-USDT	−0.0140%	4h	0.02161	−0.185%	$242K	$160K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02162	−0.162%	—	$2.4M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02160	−0.240%	$9K	$22K	3x	as long as short
Hyperliquid SKRlong	+0.0100%	1h	0.02165	long leg	$1.4M	$717K	3x
Aster SKRUSDT	+0.0100%	4h	0.02162	−0.157%	$27K	$32K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02161	−0.182%	$3.7M	$12.6M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02160	−0.249%	$4.6M	$5.1M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02162	−0.162%	$4.5M	$467K	20x	as long as short
KuCoin SKRUSDTM	+0.0100%	4h	0.02162	−0.157%	$699K	$690K	20x	as long as short
Bitget SKRUSDT	+0.0100%	4h	0.02164	−0.037%	$1.5M	$1.2M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02160	−0.240%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02163	−0.083%	$14K	$36K	20x	as long as short
Gate SKR_USDT	+0.0186%	4h	0.02165	−0.014%	$1.0M	$533K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0686%	1h	0.02164	−0.065%	$54K	$196K	5x	as long as short
Phoenix SKRshort	+0.1502%	1h	0.02162	−0.166%	$4K	$10K	3x