Funding you earn now, next payment 08:00 UTC−0.0061%/8h= −6.6% APRpaid last 24h −0.002%
Price spread now: QFEX against Bybit+0.005%7-day average −0.035% · 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−$24as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 4 days (all we have)−0.038%−$4 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.005%, 7d avg −0.035%
=The price spread pays, funding is against you. QFEX is 0.040% dearer against Bybit than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.035%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit SKHYUSDT | 186.22 | 0 | get 0.0000% / 8h | 6m 00s | $16.6M | $29.5M | 100x |
| Short | QFEX SKHY-USD | 186.23 | −0.0061 | pay 0.0008% / 1h | 6m 00s | $1.2M | $4.3M | 10x |
Bybit SKHYUSDT
QFEX SKHY-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$12.75
- Price spread: +0.005% → −0.035%
- $4.04
- Slippage, 4 orders
- −$6.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$36.68
- Costs to cover
- 0.280%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; QFEX: live order book, 8 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, 3 min ago | 0.54 bp | 7.4 bp −$7 | 13.2 bp −$132 | 94.9 bp −$9,489 | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.34 bp | 6.4 bp −$6 | 9.9 bp −$99 | 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 | −0.1248% | 8h | 186.43 | +0.113% | $25.5M | $33.5M | 20x | as long as short |
| Kraken Futures PF_SKHYUSD | −0.0266% | 1h | 186.33 | +0.057% | $48K | $21K | 20x | as long as short |
| tradeXYZ xyz:SKHY | −0.0126% | 1h | 186.21 | −0.005% | $158.1M | $76.8M | 10x | as long as short |
| Nado SKHY-PERP | −0.0117% | 1h | 186.29 | +0.040% | $33K | $28K | 10x | as long as short |
| Coinbase International SKHY-PERP-INTX | −0.0072% | 1h | 187.58 | +0.730% | $68K | $791K | 10x | as long as short |
| QFEX SKHY-USDshort | −0.0061% | 1h | 186.23 | +0.005% | $1.2M | $4.3M | 10x | |
| KuCoin SKHYUSDTM | −0.0058% | 8h | 186.18 | −0.021% | $1.1M | $350K | 20x | as long as short |
| Polymarket Perps SKHY-USD | −0.0040% | 1h | 186.17 | −0.027% | $180K | $486K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0018% | 4h | 186.11 | −0.057% | $561K | $290K | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 186.27 | +0.026% | $225K | $899K | 50x | as long as short |
Bitget SKHYUSDT
Kraken Futures PF_SKHYUSD
tradeXYZ xyz:SKHY
Nado SKHY-PERP
Coinbase International SKHY-PERP-INTX
KuCoin SKHYUSDTM
Polymarket Perps SKHY-USD
edgeX SKHYUSDC
Aster SKHYUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended SKHY-USD | 0.0000% | 1h | 186.16 | −0.032% | $54K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 186.20 | −0.010% | $199.7M | $453.1M | 50x | as long as short |
| Bybit SKHYUSDTlong | 0.0000% | 8h | 186.22 | long leg | $16.6M | $29.5M | 100x | |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 186.18 | −0.021% | $44.4M | $80.2M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 186.21 | −0.005% | $25.5M | $21.2M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 186.12 | −0.053% | $1.6M | $1.1M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 186.15 | −0.038% | $22K | $238K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 186.47 | +0.134% | $682 | $6.0M | 10x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | 0.0000% | 1h | 186.26 | +0.021% | $49K | $348K | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 186.19 | −0.016% | $154K | $363K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 186.24 | +0.011% | $1.5M | $1.1M | 10x | as long as short |
| Popdex SKHYUSDT | +0.0008% | 1h | 186.23 | +0.005% | $204K | $287K | 20x | as long as short |
| Lighter SKHY | +0.0016% | 1h | 186.15 | −0.038% | $972K | $1.2M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 186.16 | −0.032% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 186.18 | −0.021% | $60K | $171K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 186.16 | −0.032% | — | $32K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 186.20 | −0.011% | $41K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 186.05 | −0.091% | $520K | $2.6M | 10x | as long as short |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 186.23 | +0.005% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 186.17 | −0.027% | $2.2M | $426K | 50x | as long as short |
| Phoenix SKHY | +0.0129% | 1h | 186.40 | +0.097% | $209K | $123K | 10x | as long as short |
Extended SKHY-USD
Binance 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
Popdex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY