Funding you earn now, next payment 06:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.095%
Price spread now: Phoenix against Binance+0.446%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days+0.341%+$34 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now +0.446%, 7d avg +0.153%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.292% dearer against Binance than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.153%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKHYUSDT | 186.21 | 0 | get 0.0000% / 8h | 1h 38m | $198.9M | $438.4M | 50x |
| Short | Phoenix SKHY | 187.04 | 0.0213 | get 0.0027% / 1h | 38m 37s | $210K | $115K | 10x |
Binance SKHYUSDT
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $44.66
- Price spread: +0.446% → +0.153%
- $29.23
- Slippage, 4 orders
- −$18.9
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $37.98
- Costs to cover
- 0.359%
- Break-even
- 1.0 days
Slippage from Binance: live order book, 5 min ago; Phoenix: live order book, 63 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 Binance live order book, 5 min ago | 0.27 bp | 5.4 bp −$5 | 6.5 bp −$65 | 21.6 bp −$2,165 | 106.8 bp −$53.4K |
| Sell Phoenix live order book, 63 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 | −0.1179% | 8h | 186.54 | +0.177% | $25.0M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0809% | 4h | 186.57 | +0.191% | $562K | $290K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0608% | 1h | 186.34 | +0.070% | $49K | $341K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0195% | 1h | 186.24 | +0.016% | $158.2M | $74.2M | 10x | as long as short |
| Popdex SKHYUSDT | −0.0192% | 1h | 186.21 | 0.000% | $196K | $274K | 20x | as long as short |
| Nado SKHY-PERP | −0.0190% | 1h | 186.70 | +0.261% | $33K | $28K | 10x | as long as short |
| Polymarket Perps SKHY-USD | −0.0180% | 1h | 186.35 | +0.075% | $180K | $487K | 10x | as long as short |
| Lighter SKHY | −0.0144% | 1h | 186.20 | −0.005% | $960K | $1.1M | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 186.45 | +0.128% | $47K | $19K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.827% | $63K | $902K | 10x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Popdex SKHYUSDT
Nado SKHY-PERP
Polymarket Perps SKHY-USD
Lighter SKHY
Kraken Futures PF_SKHYUSD
Coinbase International SKHY-PERP-INTXShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 186.22 | +0.005% | $1.2M | $4.1M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0042% | 1h | 186.07 | −0.075% | $514K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.44 | +0.123% | $226K | $916K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.16 | −0.025% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDTlong | 0.0000% | 8h | 186.21 | long leg | $198.9M | $438.4M | 50x | |
| Bybit SKHYUSDT | 0.0000% | 8h | 186.24 | +0.016% | $15.8M | $29.3M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.24 | +0.016% | $44.5M | $77.3M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.22 | +0.005% | $25.5M | $20.4M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.53 | +0.173% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.59 | +0.204% | $22K | $228K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.59 | +0.204% | $683 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.46 | +0.134% | $155K | $367K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.34 | +0.070% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.18 | −0.016% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.51 | +0.161% | $58K | $165K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.59 | +0.204% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.33 | +0.064% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 186.41 | +0.107% | $1.1M | $328K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.31 | +0.054% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.25 | +0.021% | $2.2M | $419K | 50x | as long as short |
| Phoenix SKHYshort | +0.0213% | 1h | 187.04 | +0.446% | $210K | $115K | 10x |
QFEX SKHY-USD
Ondo Perps SKHY-USD.P
Aster SKHYUSDT
Extended SKHY-USD
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 RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT