SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0252%/8h= +27.6% APRnext payment +$0.32 per $10,000 · paid last 24h +0.056%

Price spread now: Phoenix against Coinbase International+0.079%72s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$7as 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−$460.459% of the position

Long on Coinbase International Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.393%+$39 on $10k

Price spread, last 3 days (all we have)+0.017%+$2 · spread now +0.079%, 7d avg +0.002%

Together, before fees+0.410%+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Phoenix is 0.077% dearer against Coinbase International than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.002%. The two prices were read 72 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	Coinbase International SKHY-PERP-INTX	189.72	0.0128	pay 0.0016% / 1h	13m 56s	$169K	$684K	10x
Short	Phoenix SKHY	189.87	0.0380	get 0.0048% / 1h	13m 56s	$214K	$128K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee PhoenixbpOrdersPrice spread, now +0.079%Rate

Funding earned: $52.98
Price spread: +0.079% → +0.002%: $7.7
Slippage, 4 orders: −$28.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $14.78
Costs to cover: 0.459%
Break-even: 5.0 days

Slippage from Coinbase International: live order book, 64 min ago; Phoenix: live order book, 58 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 Coinbase International live order book, 64 min ago	6.88 bp	11.9 bp −$12	14.9 bp −$149	doesn't fit	doesn't fit
Sell Phoenix live order book, 58 min ago	3.17 bp	11.1 bp −$11	23.3 bp −$233	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	−0.0648%	4h	189.61	−0.057%	$572K	$291K	10x	as long as short
Nado SKHY-PERP	−0.0044%	1h	189.42	−0.159%	$28K	$2K	10x	as long as short
QFEX SKHY-USD	0.0000%	1h	189.21	−0.269%	$1.2M	$5.3M	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	189.38	−0.178%	$251K	$903K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	189.39	−0.172%	$55K	$4K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	189.43	−0.153%	$211.8M	$378.9M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	189.47	−0.132%	$15.7M	$27.0M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	189.43	−0.153%	$47.1M	$61.4M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	189.38	−0.179%	$26.1M	$17.8M	75x	as long as short
Bitget SKHYUSDT	0.0000%	8h	189.40	−0.169%	$25.2M	$25.8M	20x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni SKHY	0.0000%	8h	189.62	−0.054%	$1.6M	$2.5M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	189.64	−0.041%	$22K	$208K	10x	as long as short
SunX SKHY-USDT	0.0000%	8h	189.66	−0.032%	$694	$7.2M	10x	as long as short
Deribit SKHY_USDC-PERPETUAL	0.0000%	1h	189.41	−0.163%	$45K	$259K	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	189.29	−0.227%	$155K	$401K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	189.34	−0.200%	$1.5M	$1.1M	10x	as long as short
KuCoin SKHYUSDTM	+0.0012%	8h	189.34	−0.200%	$1.1M	$281K	20x	as long as short
Lighter SKHY	+0.0032%	1h	189.33	−0.206%	$1.0M	$692K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	189.29	−0.227%	$1.1M	$1.4M	10x	as long as short
Arcus SKHY-USD	+0.0040%	1h	189.39	−0.174%	$56K	$155K	10x	as long as short
Vest SKHY-USD-PERP	+0.0046%	1h	189.40	−0.169%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	189.37	−0.184%	$202K	$241K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	189.26	−0.242%	$164.1M	$65.3M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	189.16	−0.295%	$170K	$952K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	189.39	−0.174%	$42K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	189.65	−0.037%	$558K	$1.2M	10x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	189.39	−0.174%	$2K	$4K	10x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	189.55	−0.090%	$2.2M	$415K	50x	as long as short
Coinbase International SKHY-PERP-INTXlong	+0.0128%	1h	189.72	long leg	$169K	$684K	10x
Phoenix SKHYshort	+0.0380%	1h	189.87	+0.079%	$214K	$128K	10x
Kraken Futures PF_SKHYUSD	+0.0952%	1h	189.38	−0.180%	$50K	$24K	20x	as long as short