Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against BloFin+0.103%52s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.103%, 7d avg −0.007%
=The price spread pays, funding is against you. Bybit is 0.110% dearer against BloFin than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of −0.007%): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.1 days. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKHY-USDT | 193.36 | 0.0120 | pay 0.0120% / 8h | 7h 22m | $2.2M | $446K | 50x |
| Short | Bybit SKHYUSDT | 193.56 | 0 | get 0.0000% / 8h | 7h 22m | $15.7M | $27.1M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$25.2
- Price spread: +0.103% → −0.007%
- $11.02
- Slippage, 4 orders
- −$7.28
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$44.45
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 6 min ago; Bybit: live order book, 1 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 BloFin live order book, 6 min ago | 0.52 bp | 6.5 bp −$7 | 7.3 bp −$73 | 12.3 bp −$1,228 | 41.5 bp −$20.8K |
| Sell Bybit live order book, 1 min ago | 0.52 bp | 8.4 bp −$8 | 12.8 bp −$128 | 82.3 bp −$8,229 | 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 | −0.0274% | 4h | 193.27 | −0.045% | $583K | $289K | 10x | as long as short |
| Nado SKHY-PERP | −0.0002% | 1h | 193.47 | +0.059% | $29K | $2K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 193.25 | −0.057% | $249K | $921K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 193.43 | +0.034% | $56K | $6K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 193.51 | +0.078% | $212.4M | $383.2M | 50x | as long as short |
| Bybit SKHYUSDTshort | 0.0000% | 8h | 193.56 | +0.103% | $15.7M | $27.1M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 193.55 | +0.098% | $47.0M | $67.9M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 193.49 | +0.067% | $25.9M | $18.4M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 193.27 | −0.045% | $1.6M | $2.3M | — | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 193.56 | +0.103% | $708 | $6.8M | 10x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 193.26 | −0.052% | $47K | $268K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 193.17 | −0.098% | $160K | $386K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 193.23 | −0.067% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0005% | 1h | 193.44 | +0.041% | $1.2M | $4.9M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 193.36 | 0.000% | $1.0M | $677K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 193.33 | −0.016% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 193.19 | −0.088% | $57K | $153K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 193.43 | +0.036% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 193.47 | +0.057% | $197K | $256K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 193.42 | +0.031% | $191K | $454K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 193.26 | −0.052% | $555K | $1.7M | 10x | as long as short |
| tradeXYZ xyz:SKHY | +0.0060% | 1h | 193.47 | +0.057% | $164.8M | $65.4M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | +0.0088% | 1h | 192.17 | −0.615% | $117K | $795K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0091% | 1h | 193.26 | −0.052% | $43K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 193.37 | +0.005% | $1.1M | $277K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 193.50 | +0.072% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDTlong | +0.0120% | 8h | 193.36 | long leg | $2.2M | $446K | 50x | |
| Bitget SKHYUSDT | +0.0229% | 8h | 193.33 | −0.016% | $25.6M | $26.6M | 20x | as long as short |
| Phoenix SKHY | +0.0335% | 1h | 193.33 | −0.016% | $218K | $120K | 10x | as long as short |
| GRVT SKHY_USDT_Perp | +0.0554% | 8h | 193.28 | −0.042% | $23K | $195K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0708% | 1h | 193.34 | −0.010% | $51K | $22K | 20x | as long as short |
BloFin SKHY-USDT
Bybit SKHYUSDT
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
tradeXYZ xyz:SKHY
Coinbase International SKHY-PERP-INTX
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Bitget SKHYUSDT
Phoenix SKHY
GRVT SKHY_USDT_Perp
Kraken Futures PF_SKHYUSD