Funding you earn now, next payment 01:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h −0.021%
Price spread now: Coinbase International against BloFin−0.093%718s7-day average +0.102% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as 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−$390.393% of the position
Funding, last 7 days−0.322%−$32 on $10k
+Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.093%, 7d avg +0.102%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Coinbase International is 0.196% cheaper against BloFin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.102%). Swap the legs. The two prices were read 718 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 | 193.08 | 0.0120 | pay 0.0120% / 8h | 6h 36m | $2.3M | $445K | 50x |
| Short | Coinbase International SKHY-PERP-INTX | 192.90 | −0.0072 | pay 0.0009% / 1h | 36m 50s | $45K | $874K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- −$40.32
- Price spread: −0.093% → +0.102%
- −$19.57
- Slippage, 4 orders
- −$17.27
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$99.16
- Costs to cover
- 0.393%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 16 min ago; Coinbase International: live order book, 31 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, 16 min ago | 0.52 bp | 6.5 bp −$7 | 7.2 bp −$72 | 15.4 bp −$1,539 | doesn't fit |
| Sell Coinbase International live order book, 31 min ago | 7.24 bp | 12.3 bp −$12 | 18.2 bp −$182 | 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 | −0.0874% | 4h | 192.69 | −0.200% | $581K | $290K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXshort | −0.0072% | 1h | 192.90 | −0.093% | $45K | $874K | 10x | |
| Aster SKHYUSDT | 0.0000% | 8h | 192.65 | −0.224% | $248K | $890K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 192.59 | −0.253% | $56K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 192.66 | −0.215% | $210.0M | $385.4M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 192.65 | −0.223% | $15.6M | $27.2M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 192.67 | −0.212% | $46.7M | $69.0M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 192.65 | −0.223% | $25.8M | $18.8M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 192.94 | −0.075% | $1.6M | $2.2M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 192.71 | −0.190% | $22K | $192K | 10x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX SKHY-USDT | 0.0000% | 8h | 192.92 | −0.083% | $706 | $6.6M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 192.60 | −0.249% | $48K | $270K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 192.63 | −0.233% | $160K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 192.58 | −0.259% | $1.5M | $1.1M | 10x | as long as short |
| QFEX SKHY-USD | +0.0002% | 1h | 192.64 | −0.228% | $1.2M | $4.6M | 10x | as long as short |
| Nado SKHY-PERP | +0.0026% | 1h | 192.72 | −0.188% | $42K | $21K | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 192.48 | −0.311% | $1.0M | $683K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 192.45 | −0.326% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 192.77 | −0.161% | $57K | $154K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 192.66 | −0.218% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 192.66 | −0.218% | $197K | $257K | 20x | as long as short |
| tradeXYZ xyz:SKHY | +0.0050% | 1h | 192.56 | −0.269% | $162.9M | $65.6M | 10x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 192.55 | −0.274% | $188K | $456K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 192.60 | −0.249% | $43K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 192.91 | −0.088% | $533K | $1.8M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 192.65 | −0.223% | $1.1M | $280K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 192.68 | −0.207% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDTlong | +0.0120% | 8h | 193.08 | long leg | $2.3M | $445K | 50x | |
| Phoenix SKHY | +0.0331% | 1h | 192.96 | −0.062% | $216K | $123K | 10x | as long as short |
| Bitget SKHYUSDT | +0.0353% | 8h | 192.69 | −0.202% | $25.5M | $26.4M | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0707% | 1h | 192.68 | −0.209% | $51K | $17K | 20x | as long as short |
BloFin SKHY-USDT
Coinbase International SKHY-PERP-INTX
edgeX SKHYUSDC
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Popdex SKHYUSDT
tradeXYZ xyz:SKHY
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
KuCoin SKHYUSDTM
Phoenix SKHY
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD