SKHY

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.03 per $10,000 · paid last 24h +0.018%

Price spread now: Arcus against Deribit+0.104%7-day average −0.045% · 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−$34as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on Deribit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.104%, 7d avg −0.045%

Together, before fees+0.071%+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.148% dearer against Deribit than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of −0.045%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. Mind the row above: over the last 4 days funding on this pair paid +0.074%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit SKHY_USDC-PERPETUAL	192.66	0.0062	pay 0.0008% / 1h	5m 54s	$49K	$323K	10x
Short	Arcus SKHY-USD	192.86	0.0040	get 0.0005% / 1h	5m 54s	$60K	$161K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Deribit. 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 DeribitbpFee ArcusbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$4.46
Price spread: +0.104% → −0.045%: $14.84
Slippage, 4 orders: −$37.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$38.15
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from Deribit: live order book, 53 min ago; Arcus: live order book, 52 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 Deribit live order book, 53 min ago	4.40 bp	12.5 bp −$13	16.4 bp −$164	doesn't fit	doesn't fit
Sell Arcus live order book, 52 min ago	6.21 bp	11.2 bp −$11	17.6 bp −$176	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	−0.0671%	4h	192.99	+0.173%	$582K	$290K	10x	as long as short
Coinbase International SKHY-PERP-INTX	−0.0048%	1h	192.84	+0.093%	$45K	$861K	10x	as long as short
Aster SKHYUSDT	0.0000%	8h	192.63	−0.017%	$248K	$889K	50x	as long as short
Extended SKHY-USD	0.0000%	1h	192.57	−0.045%	$56K	$7K	10x	as long as short
Binance SKHYUSDT	0.0000%	8h	192.65	−0.005%	$203.1M	$394.7M	50x	as long as short
Bybit SKHYUSDT	0.0000%	8h	192.65	−0.005%	$15.7M	$27.7M	100x	as long as short
OKX SKHY-USDT-SWAP	0.0000%	8h	192.65	−0.005%	$46.7M	$70.0M	50x	as long as short
Gate SKHY_USDT	0.0000%	8h	192.61	−0.026%	$25.8M	$19.0M	75x	as long as short
Variational Omni SKHY	0.0000%	8h	192.60	−0.030%	$1.6M	$1.1M	—	as long as short
GRVT SKHY_USDT_Perp	0.0000%	8h	193.07	+0.213%	$22K	$206K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKHY-USDT	0.0000%	8h	192.91	+0.130%	$706	$6.2M	10x	as long as short
HTX SKHY-USDT	0.0000%	8h	192.56	−0.052%	$161K	$370K	50x	as long as short
Phemex SKHYUSDT	0.0000%	8h	192.70	+0.021%	$1.5M	$1.1M	10x	as long as short
QFEX SKHY-USD	+0.0015%	1h	192.64	−0.010%	$1.2M	$3.9M	10x	as long as short
Lighter SKHY	+0.0032%	1h	192.55	−0.057%	$1.0M	$704K	10x	as long as short
Lighter RH SKHY	+0.0032%	1h	192.53	−0.067%	$1.1M	$1.6M	10x	as long as short
Arcus SKHY-USDshort	+0.0040%	1h	192.86	+0.104%	$60K	$161K	10x
Vest SKHY-USD-PERP	+0.0046%	1h	192.68	+0.010%	—	$12K	10x	as long as short
Popdex SKHYUSDT	+0.0048%	1h	192.64	−0.010%	$202K	$256K	20x	as long as short
tradeXYZ xyz:SKHY	+0.0050%	1h	192.54	−0.062%	$161.0M	$67.8M	10x	as long as short
Polymarket Perps SKHY-USD	+0.0050%	1h	192.55	−0.057%	$188K	$456K	10x	as long as short
SoDEX SKHY-USD	+0.0050%	1h	192.65	−0.005%	$43K	$13K	10x	as long as short
Ondo Perps SKHY-USD.P	+0.0050%	1h	192.56	−0.052%	$576K	$2.4M	10x	as long as short
Deribit SKHY_USDC-PERPETUALlong	+0.0062%	1h	192.66	long leg	$49K	$323K	10x
KuCoin SKHYUSDTM	+0.0100%	8h	192.64	−0.010%	$1.1M	$319K	20x	as long as short
Orderly PERP_SKHY_USDC_mythos	+0.0100%	8h	192.66	0.000%	$2K	$4K	10x	as long as short
Bitget SKHYUSDT	+0.0112%	8h	192.69	+0.016%	$25.2M	$26.9M	20x	as long as short
BloFin SKHY-USDT	+0.0120%	8h	192.71	+0.026%	$2.3M	$437K	50x	as long as short
Nado SKHY-PERP	+0.0148%	1h	192.65	−0.003%	$38K	$26K	10x	as long as short
Phoenix SKHY	+0.0372%	1h	193.19	+0.275%	$216K	$124K	10x	as long as short
Kraken Futures PF_SKHYUSD	+0.1060%	1h	192.67	+0.003%	$49K	$19K	20x	as long as short