Funding you earn now, next payment 09:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.011%
Price spread now: Popdex against Coinbase International+1.139%7-day average −0.125% · 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+$85as in the Price arb table
costs, in and out, $10k−$410.413% of the position
Funding, last 4 days (all we have)+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)−1.131%−$113 · spread now +1.139%, 7d avg −0.125%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 1.265% dearer against Coinbase International than usual: you sell high and buy low, +$126 on $10k if it goes back to its 7-day average of −0.125%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International SKHY-PERP-INTX | 186.08 | 0.0056 | pay 0.0007% / 1h | 1h 00m | $110K | $772K | 10x |
| Short | Popdex SKHYUSDT | 188.20 | 0.0048 | get 0.0006% / 1h | 0m 01s | $203K | $307K | 20x |
Coinbase International SKHY-PERP-INTX
Popdex SKHYUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.68
- Price spread: +1.139% → −0.125%
- $126.46
- Slippage, 4 orders
- −$24.89
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- $83.49
- Costs to cover
- 0.413%
- Break-even
- from the start
Slippage from Coinbase International: live order book, 51 min ago; Popdex: live order book, 51 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, 51 min ago | 8.60 bp | 13.6 bp −$14 | 16.7 bp −$167 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 51 min ago | 2.68 bp | 7.2 bp −$7 | 10.9 bp −$109 | doesn't fit | doesn't fit |
SKHY on 31 exchanges
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 | −0.0634% | 8h | 188.22 | +1.150% | $26.0M | $36.3M | 20x | as long as short |
| Deribit SKHY_USDC-PERPETUAL | −0.0281% | 1h | 188.20 | +1.139% | $26K | $445K | 10x | as long as short |
| edgeX SKHYUSDC | −0.0235% | 4h | 187.79 | +0.919% | $566K | $287K | 10x | as long as short |
| KuCoin SKHYUSDTM | −0.0116% | 8h | 188.22 | +1.150% | $1.1M | $462K | 20x | as long as short |
| Nado SKHY-PERP | −0.0030% | 1h | 188.36 | +1.226% | $33K | $28K | 10x | as long as short |
| tradeXYZ xyz:SKHY | −0.0008% | 1h | 188.12 | +1.096% | $158.8M | $78.0M | 10x | as long as short |
| QFEX SKHY-USD | −0.0005% | 1h | 188.17 | +1.123% | $1.2M | $4.3M | 10x | as long as short |
| Aster SKHYUSDT | 0.0000% | 8h | 188.24 | +1.160% | $264K | $912K | 50x | as long as short |
| Extended SKHY-USD | 0.0000% | 1h | 188.19 | +1.136% | $55K | $7K | 10x | as long as short |
| Binance SKHYUSDT | 0.0000% | 8h | 188.22 | +1.148% | $198.6M | $472.8M | 50x | as long as short |
Bitget SKHYUSDT
Deribit SKHY_USDC-PERPETUAL
edgeX SKHYUSDC
KuCoin SKHYUSDTM
Nado SKHY-PERP
tradeXYZ xyz:SKHY
QFEX SKHY-USD
Aster SKHYUSDT
Extended SKHY-USD
Binance SKHYUSDTShow all 31 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKHYUSDT | 0.0000% | 8h | 188.16 | +1.118% | $16.3M | $34.1M | 100x | as long as short |
| OKX SKHY-USDT-SWAP | 0.0000% | 8h | 188.18 | +1.129% | $44.6M | $85.6M | 50x | as long as short |
| Gate SKHY_USDT | 0.0000% | 8h | 188.12 | +1.096% | $25.3M | $22.0M | 75x | as long as short |
| Variational Omni SKHY | 0.0000% | 8h | 188.03 | +1.048% | $1.5M | $1.0M | — | as long as short |
| GRVT SKHY_USDT_Perp | 0.0000% | 8h | 188.07 | +1.070% | $22K | $246K | 10x | as long as short |
| SunX SKHY-USDT | 0.0000% | 8h | 188.50 | +1.301% | $690 | $5.5M | 10x | as long as short |
| HTX SKHY-USDT | 0.0000% | 8h | 188.18 | +1.129% | $156K | $376K | 50x | as long as short |
| Phemex SKHYUSDT | 0.0000% | 8h | 188.20 | +1.139% | $1.5M | $1.1M | 10x | as long as short |
| Lighter SKHY | +0.0032% | 1h | 188.16 | +1.118% | $993K | $1.4M | 10x | as long as short |
| Lighter RH SKHY | +0.0032% | 1h | 188.11 | +1.091% | $1.1M | $1.5M | 10x | as long as short |
| Arcus SKHY-USD | +0.0040% | 1h | 188.12 | +1.096% | $60K | $132K | 10x | as long as short |
| Vest SKHY-USD-PERP | +0.0046% | 1h | 188.25 | +1.166% | — | $39K | 10x | as long as short |
| Popdex SKHYUSDTshort | +0.0048% | 1h | 188.20 | +1.139% | $203K | $307K | 20x | |
| Polymarket Perps SKHY-USD | +0.0050% | 1h | 188.17 | +1.123% | $183K | $352K | 10x | as long as short |
| SoDEX SKHY-USD | +0.0050% | 1h | 188.18 | +1.129% | $42K | $12K | 10x | as long as short |
| Ondo Perps SKHY-USD.P | +0.0050% | 1h | 187.84 | +0.946% | $524K | $2.5M | 10x | as long as short |
| Coinbase International SKHY-PERP-INTXlong | +0.0056% | 1h | 186.08 | long leg | $110K | $772K | 10x | |
| Orderly PERP_SKHY_USDC_mythos | +0.0100% | 8h | 188.22 | +1.150% | $2K | $4K | 10x | as long as short |
| BloFin SKHY-USDT | +0.0120% | 8h | 188.16 | +1.118% | $2.2M | $461K | 50x | as long as short |
| Phoenix SKHY | +0.0257% | 1h | 188.11 | +1.091% | $211K | $123K | 10x | as long as short |
| Kraken Futures PF_SKHYUSD | +0.0748% | 1h | 188.18 | +1.131% | $51K | $36K | 20x | as long as short |
Bybit SKHYUSDT
OKX SKHY-USDT-SWAP
Gate SKHY_USDT
Variational Omni SKHY
GRVT SKHY_USDT_Perp
SunX SKHY-USDT
HTX SKHY-USDT
Phemex SKHYUSDT
Lighter SKHY
Lighter RH SKHY
Arcus SKHY-USD
Vest SKHY-USD-PERP
Polymarket Perps SKHY-USD
SoDEX SKHY-USD
Ondo Perps SKHY-USD.P
Orderly PERP_SKHY_USDC_mythos
BloFin SKHY-USDT
Phoenix SKHY
Kraken Futures PF_SKHYUSD