Funding you earn now, next payment 08:00 UTC+0.0081%/8h= +8.9% APRnext payment +$0.81 per $10,000 · paid last 24h +0.007%
Price spread now: KuCoin against Bybit−0.070%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$900.903% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.070%, 7d avg −0.024%
=Funding pays, the price is against you. KuCoin is 0.046% cheaper against Bybit than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of −0.024%). If the spread goes back, that is −$5 on $10k: about 45 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKHYUSDT | 186.73 | 0 | get 0.0000% / 8h | 1h 24m | $15.9M | $29.3M | 100x |
| Short | KuCoin SKHYUSDTM | 186.60 | 0.0081 | get 0.0081% / 8h | 1h 24m | $1.1M | $327K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- $17.01
- Price spread: −0.070% → −0.024%
- −$4.59
- Slippage, 4 orders
- −$67.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$77.89
- Costs to cover
- 0.903%
- Break-even
- 39.1 days
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 10 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 Bybit live order book, 4 min ago | 0.27 bp | 8.0 bp −$8 | 12.8 bp −$128 | 77.6 bp −$7,756 | doesn't fit |
| Sell KuCoin live order book, 10 min ago | 2.15 bp | 37.5 bp −$37 | doesn't fit | 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 | −0.1300% | 8h | 186.82 | +0.048% | $25.0M | $31.7M | 20x | as long as short |
| edgeX SKHYUSDC | −0.0762% | 4h | 186.50 | −0.125% | $562K | $290K | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0286% | 1h | 186.61 | −0.064% | $49K | $343K | 10x | as long as short |
| Nado SKHY-PERP | −0.0188% | 1h | 186.72 | −0.003% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0180% | 1h | 186.69 | −0.021% | $158.6M | $74.7M | 10x | as long as short |
| Popdex SKHYUSDT | −0.0168% | 1h | 186.70 | −0.016% | $197K | $275K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0165% | 1h | 186.60 | −0.070% | $180K | $487K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0139% | 1h | 186.57 | −0.084% | $47K | $19K | 20x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0104% | 1h | 187.75 | +0.546% | $63K | $902K | 10x | as long as short |
| Lighter SKHY | −0.0072% | 1h | 186.56 | −0.091% | $954K | $1.1M | 10x | as long as short |
Show all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX SKHY-USD | −0.0049% | 1h | 186.67 | −0.032% | $1.2M | $4.2M | 10x | as long as short |
| Ondo Perps SKHY-USD.P | −0.0038% | 1h | 186.39 | −0.182% | $515K | $2.6M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.74 | +0.004% | $226K | $919K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 186.58 | −0.083% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.68 | −0.027% | $199.2M | $439.8M | 50x | as long as short |
| Bybit SKHYUSDTlong | 0.0000% | 8h | 186.73 | long leg | $15.9M | $29.3M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.68 | −0.027% | $44.6M | $77.7M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.62 | −0.059% | $25.6M | $20.5M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.64 | −0.047% | $1.6M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.51 | −0.118% | $22K | $230K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.88 | +0.080% | $684 | $6.1M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.50 | −0.123% | $155K | $366K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.57 | −0.086% | $1.5M | $1.1M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.54 | −0.102% | $1.1M | $1.6M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.51 | −0.118% | $59K | $165K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.72 | −0.005% | — | $24K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.59 | −0.075% | $41K | $13K | 10x | as long as short |
| KuCoin SKHYUSDTMshort | +0.0081% | 8h | 186.60 | −0.070% | $1.1M | $327K | 20x | |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.61 | −0.064% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.58 | −0.080% | $2.2M | $421K | 50x | as long as short |
| Phoenix SKHY | +0.0213% | 1h | 186.53 | −0.107% | $209K | $115K | 10x | as long as short |
Bybit SKHYUSDT
KuCoin SKHYUSDTM
Bitget SKHYUSDT
edgeX SKHYUSDC
Deribit SKHY_USDC-PERPETUAL
tradeXYZ xyz:SKHY
Popdex SKHYUSDT
Polymarket Perps SKHY-USD
Kraken Futures PF_SKHYUSD
Coinbase International SKHY-PERP-INTX
Lighter SKHY
Aster SKHYUSDT
Extended SKHY-USD
Binance 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
SoDEX SKHY-USD
BloFin SKHY-USDT
Phoenix SKHY