Funding you earn now, next payment 05:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.002%
Price spread now: QFEX against Binance+0.041%7-day average −0.037% · 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−$16as in the Price arb table
costs, in and out, $10k−$240.242% of the position
Funding, last 4 days (all we have)−0.031%−$3 on $10k
+Price spread, last 7 days−0.057%−$6 · spread now +0.041%, 7d avg −0.037%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.078% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance SKHYUSDT | 190.34 | 0 | get 0.0000% / 8h | 3h 41m | $200.0M | $403.1M | 50x |
| Short | QFEX SKHY-USD | 190.42 | 0.0011 | get 0.0001% / 1h | 41m 12s | $1.2M | $4.0M | 10x |
Binance SKHYUSDT
QFEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $2.3
- Price spread: +0.041% → −0.037%
- $7.79
- Slippage, 4 orders
- −$4.18
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$14.09
- Costs to cover
- 0.242%
- Break-even
- 49.9 days
Slippage from Binance: live order book, 3 min ago; QFEX: live order book, 12 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, 3 min ago | 0.26 bp | 5.3 bp −$5 | 7.5 bp −$75 | 17.6 bp −$1,758 | 63.0 bp −$31.5K |
| Sell QFEX live order book, 12 min ago | 1.83 bp | 6.8 bp −$7 | 8.8 bp −$88 | 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 | −0.0981% | 4h | 190.66 | +0.168% | $575K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 192.84 | +1.313% | $45K | $861K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 190.48 | +0.074% | $247K | $892K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 190.33 | −0.007% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDTlong | 0.0000% | 8h | 190.34 | long leg | $200.0M | $403.1M | 50x | |
| Bybit SKHYUSDT | 0.0000% | 8h | 190.36 | +0.010% | $15.4M | $28.5M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 190.30 | −0.022% | $45.5M | $72.9M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 190.46 | +0.062% | $25.6M | $19.4M | 75x | as long as short |
| Bitget SKHYUSDT | 0.0000% | 8h | 190.71 | +0.194% | $24.5M | $28.3M | 20x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 190.79 | +0.237% | $1.6M | $1.1M | — | as long as short |
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
Aster SKHYUSDT
Extended SKHY-USD
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Bitget SKHYUSDT
Variational Omni SKHYShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 190.68 | +0.177% | $22K | $211K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 190.67 | +0.173% | $698 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 190.39 | +0.026% | $48K | $326K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 190.45 | +0.057% | $159K | $369K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 190.61 | +0.141% | $1.5M | $1.1M | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.0004% | 1h | 190.41 | +0.036% | $159.2M | $69.1M | 10x | as long as short |
| QFEX SKHY-USDshort | +0.0011% | 1h | 190.42 | +0.041% | $1.2M | $4.0M | 10x | |
| Lighter SKHY | +0.0032% | 1h | 190.25 | −0.048% | $1.0M | $691K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 190.26 | −0.043% | $1.1M | $1.4M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 190.67 | +0.173% | $59K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 190.51 | +0.089% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 190.52 | +0.094% | $200K | $257K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 190.38 | +0.020% | $182K | $460K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 190.36 | +0.010% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 190.51 | +0.089% | $563K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 190.51 | +0.089% | $1.1M | $321K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 190.41 | +0.036% | $2K | $4K | 10x | as long as short |
| Nado SKHY-PERP | +0.0105% | 1h | 190.63 | +0.154% | $34K | $28K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 190.36 | +0.010% | $2.2M | $435K | 50x | as long as short |
| Phoenix SKHY | +0.0375% | 1h | 190.77 | +0.225% | $214K | $124K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0688% | 1h | 190.50 | +0.086% | $48K | $19K | 20x | as long as short |
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
tradeXYZ xyz:SKHY
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
KuCoin SKHYUSDTM
Orderly PERP_SKHY_USDC_mythos
Nado SKHY-PERP
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD