Funding you earn now, next payment 04:00 UTC+0.0255%/8h= +28.0% APRpaid last 24h +0.059%
Price spread now: Phoenix against BloFin+0.106%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$380.378% of the position
Funding, last 7 days+0.083%+$8 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.106%, 7d avg +0.112%
=The price spread sits at its 7-day average of +0.112%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin SKHY-USDT | 188.81 | 0.0120 | pay 0.0120% / 8h | 3h 02m | $2.2M | $438K | 50x |
| Short | Phoenix SKHY | 189.01 | 0.0375 | get 0.0047% / 1h | 2m 57s | $212K | $124K | 10x |
BloFin SKHY-USDT
Phoenix SKHYFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $53.62
- Price spread: +0.106% → +0.112%
- −$0.57
- Slippage, 4 orders
- −$18.79
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $15.27
- Costs to cover
- 0.378%
- Break-even
- 5.0 days
Slippage from BloFin: live order book, 5 min ago; Phoenix: live order book, 44 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, 5 min ago | 0.26 bp | 6.3 bp −$6 | 7.5 bp −$75 | 16.9 bp −$1,687 | 46.6 bp −$23.3K |
| Sell Phoenix live order book, 44 min ago | 3.67 bp | 12.5 bp −$12 | 27.0 bp −$270 | 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 | −0.0352% | 8h | 188.91 | +0.053% | $24.3M | $29.4M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0232% | 4h | 188.78 | −0.016% | $569K | $291K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 189.86 | +0.556% | $36K | $876K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0017% | 1h | 188.75 | −0.032% | $158.4M | $70.1M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.84 | +0.015% | $244K | $897K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.71 | −0.052% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.76 | −0.026% | $199.1M | $412.5M | 50x | as long as short |
| Bybit SKHYUSDT | 0.0000% | 8h | 188.76 | −0.026% | $15.4M | $29.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.77 | −0.021% | $44.8M | $73.8M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.76 | −0.026% | $25.3M | $19.9M | 75x | as long as short |
Bitget SKHYUSDT
edgeX SKHYUSDC
Coinbase International SKHY-PERP-INTX
tradeXYZ xyz:SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDT
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni SKHY | 0.0000% | 8h | 188.92 | +0.059% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.86 | +0.029% | $22K | $216K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 189.13 | +0.169% | $692 | $6.2M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 188.82 | +0.005% | $48K | $331K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.77 | −0.021% | $157K | $370K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.96 | +0.079% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHY | +0.0008% | 1h | 188.70 | −0.058% | $994K | $747K | 10x | as long as short |
| QFEX SKHY-USD | +0.0011% | 1h | 188.82 | +0.005% | $1.2M | $4.1M | 10x | as long as short |
| Nado SKHY-PERP | +0.0012% | 1h | 189.01 | +0.107% | $33K | $28K | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.70 | −0.058% | $1.0M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.84 | +0.016% | $58K | $164K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.89 | +0.042% | — | $12K | 10x | as long as short |
| Popdex SKHYUSDT | +0.0048% | 1h | 188.84 | +0.016% | $199K | $259K | 20x | as long as short |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.75 | −0.032% | $182K | $472K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.82 | +0.005% | $42K | $13K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 188.78 | −0.016% | $526K | $2.6M | 10x | as long as short |
| KuCoin SKHYUSDTM | +0.0100% | 8h | 188.85 | +0.021% | $1.1M | $311K | 20x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.82 | +0.005% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDTlong | +0.0120% | 8h | 188.81 | long leg | $2.2M | $438K | 50x | |
| Phoenix SKHYshort | +0.0375% | 1h | 189.01 | +0.106% | $212K | $124K | 10x | |
| Kraken Futures PF_SKHYUSD | +0.0694% | 1h | 188.85 | +0.019% | $48K | $19K | 20x | as long as short |
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
Deribit SKHY_USDC-PERPETUAL
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
QFEX SKHY-USD
Nado SKHY-PERP
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
Kraken Futures PF_SKHYUSD