Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.022%
Price spread now: Deribit against Arcus+0.011%7-day average +0.044% · 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−$43as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 3 days (all we have)−0.073%−$7 on $10k
+Price spread, last 3 days (all we have)−0.031%−$3 · spread now +0.011%, 7d avg +0.044%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.034% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.044%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus SKHY-USD | 189.39 | 0.0040 | pay 0.0005% / 1h | 14m 11s | $56K | $155K | 10x |
| Short | Deribit SKHY_USDC-PERPETUAL | 189.41 | 0 | get 0.0000% / 1h | 14m 11s | $45K | $259K | 10x |
Arcus SKHY-USD
Deribit SKHY_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Arcus. 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
- −$8.46
- Price spread: +0.011% → +0.044%
- −$3.36
- Slippage, 4 orders
- −$28.35
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$51.66
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 64 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 Arcus live order book, 64 min ago | 3.44 bp | 6.1 bp −$6 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 64 min ago | 0.26 bp | 10.9 bp −$11 | 15.4 bp −$154 | 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 | −0.0648% | 4h | 189.61 | +0.117% | $572K | $291K | 10x | as long as short |
| Nado SKHY-PERP | −0.0044% | 1h | 189.42 | +0.015% | $28K | $2K | 10x | as long as short |
| QFEX SKHY-USD | 0.0000% | 1h | 189.21 | −0.095% | $1.2M | $5.3M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 189.39 | 0.000% | $251K | $903K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 189.36 | −0.013% | $55K | $4K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 189.35 | −0.021% | $211.8M | $378.8M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 189.38 | −0.005% | $15.7M | $27.0M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 189.37 | −0.011% | $47.1M | $61.4M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 189.38 | −0.005% | $26.1M | $17.8M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 189.29 | −0.053% | $25.2M | $25.8M | 20x | as long as short |
edgeX SKHYUSDC
Nado SKHY-PERP
QFEX SKHY-USD
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 189.62 | +0.120% | $1.6M | $2.5M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 189.64 | +0.133% | $22K | $208K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.66 | +0.143% | $694 | $7.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUALshort | 0.0000% | 1h | 189.41 | +0.011% | $45K | $259K | 10x | |
| HTX SKHY-USDT | 0.0000% | 8h | 189.29 | −0.053% | $155K | $401K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 189.34 | −0.026% | $1.5M | $1.1M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0012% | 8h | 189.34 | −0.026% | $1.1M | $281K | 20x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 189.33 | −0.032% | $1.0M | $692K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 189.29 | −0.053% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USDlong | +0.0040% | 1h | 189.39 | long leg | $56K | $155K | 10x | |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 189.40 | +0.005% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 189.37 | −0.011% | $202K | $241K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 189.26 | −0.069% | $164.1M | $65.3M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 189.16 | −0.121% | $170K | $952K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 189.39 | 0.000% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 189.65 | +0.137% | $558K | $1.2M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 189.39 | 0.000% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 189.55 | +0.084% | $2.2M | $415K | 50x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0128% | 1h | 189.72 | +0.174% | $169K | $684K | 10x | as long as short |
| Phoenix SKHY | +0.0380% | 1h | 189.87 | +0.253% | $214K | $128K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0952% | 1h | 189.38 | −0.006% | $50K | $24K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
KuCoin SKHYUSDTM
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
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Coinbase International SKHY-PERP-INTX
Phoenix SKHY
Kraken Futures PF_SKHYUSD